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211 Hilre Drive Sherman, TX 75092

3 Beds 2 Baths 1,310 sqft Built 2018

$209,900

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $160.23
  • 7 Days on Market
  • MLS # : 14520282
  • Updated Date : 02/22/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,310 sqft
  • Baths : 2 full
Listing Agent

Omnikey Realty, Llc.

Listing Agent's Description

Stunning 2018 build in Sherman! Light and bright open concept floor-plan featuring 3 bedrooms and 2 full baths! Laminate flooring throughout in living areas - flows seamlessly into your eat-in kitchen featuring granite c-tops and SS appliances! Plenty of storage and c-top space! New carpet in all bedrooms! Good-sized Master bedroom with adjoining on-suite bath! All bedrooms are a good size. Fenced-in backyard perfect for entertaining! Schedule a showing 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: 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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Neblett Elementary School Primary Regular 462 35 4
Piner Middle School Middle Regular 1,004 65 4
Sherman High School High Regular 1,780 119 5

Neblett Elementary School

  • Education Level: Primary
  • # of students: 462
  • # of teachers: 35
4
GreatSchools Rating

Piner Middle School

  • Education Level: Middle
  • # of students: 1,004
  • # of teachers: 65
4
GreatSchools Rating

Sherman High School

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

$188,910$230,890$209,900

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$729
Property Tax -$471
Property Insurance -$99
Property Management Fees -$99
CASH FLOW
-$28

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.

$209,900

PROJECTED PRICE

$1,370

PROJECTED RENT

0.65%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$3,858

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,231

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,370
1$1,3702$1,4003$1,460
$1,460
RENT COMPS ANALYSIS
  • 211 Hilre Drive Sherman, TX 1
    • 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $1.05
    •  
  • 308 E North Creek Drive Sherman, TX 2
    • 3 beds 3 baths ∙ 1,588 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,588 Sqft ∙ Built 2005
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.88
    •  
  • 3107 N Hickory Street Sherman, TX 3
    • 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 2017
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.00
    •  
PROPERTY LISTING DETAILS
Will Clark
Omnikey Realty, Llc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14520282
Last Updated: 02/22/2021
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