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2038 Wooley Way Seagoville, TX 75159

3 Beds 3 Baths 1,707 sqft Built 2020

$243,900

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $142.88
  • 6 Days on Market
  • MLS # : 14464540
  • Updated Date : 11/03/2020 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,707 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lgi Homes

Listing Agent's Description

The Jaguar plan is now available at Seagoville Farms! This spacious home has 3 bedrooms, 2.5 baths and a spacious, open layout. The Jaguar plan comes with a host of impressive upgrades all included at no additional cost. Upgrades included in this home are energy-efficient kitchen appliances, granite countertops, designer wood cabinetry with crown molding, a Wi-Fi-enabled garage door opener, a programmable thermostat and more! In addition, this home has a beautiful brick exterior, a professionally landscaped front yard and fully fenced back yard. Schedule your tour today!

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 75159

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $79k243k

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

Zip Code: 75159

ZipNIR 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
Seagoville North Elementary School Primary Unknown 713 41 NA
Seagoville Middle School Middle Regular 1,151 68 3
Seagoville High School High Regular 1,289 77 3

Seagoville North Elementary School

  • Education Level: Primary
  • # of students: 713
  • # of teachers: 41
NA
GreatSchools Rating

Seagoville Middle School

  • Education Level: Middle
  • # of students: 1,151
  • # of teachers: 68
3
GreatSchools Rating

Seagoville High School

  • Education Level: High
  • # of students: 1,289
  • # of teachers: 77
3
GreatSchools Rating
 

$219,510$268,290$243,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$900
Property Tax -$572
Property Insurance -$126
HOA -$28
Property Management Fees -$99
CASH FLOW
-$194

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$243,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 3.00%
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-$4.0k-$2.0k$0.0$2.0k$4.0k

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$66,634

INVESTMENT

$66,634

Down Payment
$60,975
Rehab Estimate
$2,000
Closing Costs
$3,659

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,975
Loan Amount $182,925
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,416

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,536

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,4953$1,5304$1,5505$1,650
$1,650
RENT COMPS ANALYSIS
  • 2038 Wooley Way Seagoville, TX 3
    • 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.90
    •  
  • 1610 Emily Lane Seagoville, TX 1
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 2005
    LEASED 05/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.06
    •  
  • 515 Shaye Court Seagoville, TX 2
    • 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 2005
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.76
    •  
  • 1405 Julie Street Seagoville, TX 4
    • 4 beds 2 baths ∙ 2,034 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,034 Sqft ∙ Built 2005
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.76
    •  
  • 739 Fairview Avenue Seagoville, TX 5
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2009
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
PROPERTY LISTING DETAILS
Mona Hill
Lgi Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464540
Last Updated: 11/03/2020
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