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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $140.93
- 3 Days on Market
- MLS # : 14481227
- Updated Date : 12/04/2020 at 15:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,759 sqft
- Baths : 2 full
Listing Agent
Exp Realty Llc
Listing Agent's Description
So many options in this 4 bedroom home! Large upstairs bedroom could easily be used as a game room or play room. Secondary bedroom downstairs could be used as an office or formal dining. Open Kitchen with beautiful granite, gas range, & breakfast bar opens to family room with lovely gas log fireplace. HUGE 1st floor master suite and master bath with jetted tub, dual sinks and large closet. So much to do in Savannah! Neighborhood features club house, tennis, volleyball and basketball courts, water park, lake, walking biking paths, fitness center and so much more.
SEE MORE
- Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
- Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
- Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
- Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Neighborhood: Savannah
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Savannah
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$915 |
| Property Tax | -$564 | |
| Property Insurance | -$129 | |
| HOA | -$71 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$33
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$247,900
PROJECTED PRICE
$1,810
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$71,444
LOAN DETAILS
$915
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $61,975 |
| Loan Amount | $185,925 |
5
YEARS SAVED
$14,979
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,794
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
1900 Mimosa Court Savannah, TX 4
- 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,810
- $1.03
-
1725 Mercer Way Savannah, TX 1
- 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2006
LEASED 01/13/20- Rent
- Rent Per SQFT
- $1,695
- $1.02
-
1832 Forsythe Drive Savannah, TX 2
- 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 2004
LEASED 03/04/20- Rent
- Rent Per SQFT
- $1,740
- $0.99
-
1931 Blue Ridge Court Savannah, TX 3
- 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2005
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,750
- $0.99
-
1701 Kennessaw Drive Savannah, TX 5
- 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 2004
LEASED 08/13/20- Rent
- Rent Per SQFT
- $1,895
- $1.08
PROPERTY LISTING DETAILS
Exp Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14481227
Last Updated: 12/04/2020
