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205 S Hampshire Street Saginaw, TX 76179

3 Beds 2 Baths 2,031 sqft Built 2013

$265,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $130.48
  • 4 Days on Market
  • MLS # : 14484111
  • Updated Date : 12/10/2020 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,031 sqft
  • Baths : 2 full
Listing Agent

The Property Shop

Listing Agent's Description

You have just stumbled upon a magnificent fully custom farmhouse in the heart of Saginaw. The home sits on a wonderful corner lot and has an enormous wrap around front porch to enjoy cool evenings. When you enter the home you are greeted with a nice open floor plan featuring hand scraped hardwoods and built in cabinets that are jaw dropping. The plantation shutters on every window of the home really showcase just how custom this farmhouse is. The kitchen features a lovely white apron front sink, gas range, white subway tile, and beautiful white cabinets. This home seriously will not last long is has everything!

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: 76179

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $115k243k

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

Zip Code: 76179

ZipNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11251734

* 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
Saginaw Elementary School Primary Regular 416 26 5
Prairie Vista Middle School Middle Regular 866 53 5

Saginaw Elementary School

  • Education Level: Primary
  • # of students: 416
  • # of teachers: 26
5
GreatSchools Rating

Prairie Vista Middle School

  • Education Level: Middle
  • # of students: 866
  • # of teachers: 53
5
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$978
Property Tax -$576
Property Insurance -$145
Property Management Fees -$99
CASH FLOW
-$107

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.

$265,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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$6.0k$8.0k

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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$6,509

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,721

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5953$1,6904$1,6955$1,695
$1,695
RENT COMPS ANALYSIS
  • 205 S Hampshire Street Saginaw, TX 3
    • 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.83
    •  
  • 324 Marsha Street Saginaw, TX 1
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 2002
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.79
    •  
  • 356 Marsha Street Saginaw, TX 2
    • 4 beds 2 baths ∙ 1,962 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,962 Sqft ∙ Built 2001
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.81
    •  
  • 117 Blue Wood Drive Saginaw, TX 4
    • 3 beds 2 baths ∙ 1,916 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,916 Sqft ∙ Built 2001
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
  • 308 Marsha Street Saginaw, TX 5
    • 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1999
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.91
    •  
PROPERTY LISTING DETAILS
Lane Stults
The Property Shop
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484111
Last Updated: 12/10/2020
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