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2004 Peggeys Cove Sherman, TX 75092

3 Beds 3 Baths 2,066 sqft Built 2004

$239,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $115.68
  • 6 Days on Market
  • MLS # : 14478732
  • Updated Date : 12/01/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,066 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

WONDERFUL FAMILY HOME, ready for a new owner to start 2021. ENJOY the fabulous kidney shaped pool, diving board, extra large Pergola, to relax or entertain. The den with a lovely focal point fireplace, opens to kitchen, dining area. The roomy kitchen features stainless appliances. Some interior paint recent..there is a 20 X 6 ft storage space in the garage. a stunning home! The seller offers a $4,000.00 flooring allowance for the bedrooms. The carpet has been removed for buyers choice. Call for appt today!

SEE MORE

MARKET HIGHLIGHTS

  • 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

Zip Code: 75092

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170k180k190kPrice in $60k199k

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

Zip Code: 75092

No Data Available.

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$215,100$262,900$239,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$882
Property Tax -$453
Property Insurance -$140
Property Management Fees -$99
CASH FLOW
-$103

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$239,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,085

INVESTMENT

$69,085

Down Payment
$59,750
Rehab Estimate
$5,750
Closing Costs
$3,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,750
Loan Amount $179,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,829

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,766

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,4953$1,5954$1,5955$1,600
$1,600
RENT COMPS ANALYSIS
  • 2004 Peggeys Cove Sherman, TX 1
    • 3 beds 3 baths ∙ 2,066 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,066 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.71
    •  
  • 1301 Mallard Drive Sherman, TX 2
    • 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 2002
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.85
    •  
  • 921 Swan Ridge Drive Sherman, TX 3
    • 4 beds 3 baths ∙ 1,894 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,894 Sqft ∙ Built 2016
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 1829 Pebblebrook Lane Sherman, TX 4
    • 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1996
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 1436 Swan Ridge Drive Sherman, TX 5
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2016
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
PROPERTY LISTING DETAILS
Donna Brown
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478732
Last Updated: 12/01/2020
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