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2106 S Branch Street Sherman, TX 75090

3 Beds 2 Baths 1,090 sqft Built 2020

INVESTimate

$155,990

List Price

$1,090

$981 - $1,199

Rent Est.

$170,060  ( +9.02%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $143.11
  • 3 Days on Market
  • MLS # : 14419537
  • Updated Date : 08/24/2020 at 11:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,090 sqft
  • Baths : 2 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14419537 - Built by Ameritex Homes - September completion! ~ 3 bedrooms; 2 bathrooms; two motion exterior floodlights; low E insulated glass windows with screens; weather stripping on all exterior doors; smooth two square 6ft interior doors; 3.25 in baseboard moulding; 30in flat panel kitchen cabinets; vinyl flooring; 50-gallon electric water heater; programmable smart thermostat; keyless smart locks; granite countertops; microwave; electric range; energy-efficient dishwasher; refrigerator; 50-50 stainless steel kitchen sink.**Photos and 3D tour may be representative of the house plan, but not actual photos of the home**

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: 75090

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160kPrice in $52k166k

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

Zip Code: 75090

No Data Available.

* 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
Dillingham Intermediate School Primary Regular 1,036 76 4
Dillingham Intermediate School Middle Regular 1,036 76 4
Sherman High School High Regular 1,780 119 5

Dillingham Intermediate School

  • Education Level: Primary
  • # of students: 1,036
  • # of teachers: 76
4
GreatSchools Rating

Dillingham Intermediate School

  • Education Level: Middle
  • # of students: 1,036
  • # of teachers: 76
4
GreatSchools Rating

Sherman High School

  • Education Level: High
  • # of students: 1,780
  • # of teachers: 119
5
GreatSchools Rating
 

$140,391$171,589$155,990

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k-$1.0k$0.0$1.0k$2.0k$3.0k$4.0k$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,090
EXPENSES Loan Payment -$576
Property Tax -$350
Property Insurance -$87
Property Management Fees -$99
CASH FLOW
-$21

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$155,990

PROJECTED PRICE

$1,090

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 9.02%
Maintenance Year (1-5) 3.00%
Vacancy 6.00%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$43,337

INVESTMENT

$43,337

Down Payment
$38,998
Rehab Estimate
$2,000
Closing Costs
$2,340

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$576

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $38,998
Loan Amount $116,993
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$3,789

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,090

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,101

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,090
1$1,0902$1,1753$1,2754$1,2755$1,275
$1,275
RENT COMPS ANALYSIS
  • 2106 S Branch Street Sherman, TX 1
    • 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $1.00
    •  
  • 209 West Forest Sherman, TX 2
    • 3 beds 3 baths ∙ 1,238 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,238 Sqft ∙ Built 2019
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.95
    •  
  • 207 West Forest Sherman, TX 3
    • 3 beds 3 baths ∙ 1,238 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,238 Sqft ∙ Built 2019
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.03
    •  
  • 203 West Forest Sherman, TX 4
    • 3 beds 3 baths ∙ 1,238 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,238 Sqft ∙ Built 2019
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.03
    •  
  • 201 West Forest Sherman, TX 5
    • 3 beds 3 baths ∙ 1,238 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,238 Sqft ∙ Built 2019
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.03
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419537
Last Updated: 08/24/2020
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