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1901 Zagota Crossing Road Terrell, TX 75161

3 Beds 2 Baths 1,841 sqft Built 1981

$292,500

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $158.88
  • 2 Days on Market
  • MLS # : 14536919
  • Updated Date : 03/20/2021 at 13:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,841 sqft
  • Baths : 2 full
Listing Agent

Mosaic Realty

Listing Agent's Description

Custom home on 5 gorgeous acres just outside city limits & near the end of a secluded street. New flooring, paint, roof, & other recent improvements allow you to immediately move in & enjoy the views. Entertain guests in the oversized living room with built-ins & fireplace. Kitchen has granite, black appliances, & windows for a lot of natural light. Kitchen is open to the dining room also with built-ins. Huge master bedroom has an en suite & walk-in closet. Guest bedrooms are large, & you can work from the home office. Relax in the oversized sunroom. Two outbuildings offer additional storage, room for hobbies, or more! You'll get away from it all & still have easy access to retail, restaurants, I-20, & more!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Zagato Crossing

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $77k243k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Zagato Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
W. H. Burnett Elementary School Primary Regular 595 32 NA
Herman Furlough Jr. Middle School Middle Regular 593 41 4
Terrell High School High Regular 1,087 79 3

W. H. Burnett Elementary School

  • Education Level: Primary
  • # of students: 595
  • # of teachers: 32
NA
GreatSchools Rating

Herman Furlough Jr. Middle School

  • Education Level: Middle
  • # of students: 593
  • # of teachers: 41
4
GreatSchools Rating

Terrell High School

  • Education Level: High
  • # of students: 1,087
  • # of teachers: 79
3
GreatSchools Rating
 

$263,250$321,750$292,500

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,016
Property Tax -$753
Property Insurance -$134
Property Management Fees -$99
CASH FLOW
-$322

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.

$292,500

PROJECTED PRICE

$1,680

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,263

INVESTMENT

$83,263

Down Payment
$73,125
Rehab Estimate
$5,750
Closing Costs
$4,388

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,016

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,125
Loan Amount $219,375
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$118

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,680

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,915

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,680
$1,680
RENT COMPS ANALYSIS
  • 1901 Zagota Crossing Road Terrell, TX 2
    • 3 beds 2 baths ∙ 1,841 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,841 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.91
    •  
  • 509 Estate Lane Terrell, TX 1
    • 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1995
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.04
    •  
PROPERTY LISTING DETAILS
Giovanna Phillips
Mosaic Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536919
Last Updated: 03/20/2021
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