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217 Sandy Creek Place Desoto, TX 75115

4 Beds 3 Baths 2,789 sqft Built 1998

$285,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $102.19
  • 5 Days on Market
  • MLS # : 14472869
  • Updated Date : 11/18/2020 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,789 sqft
  • Baths : 2 full , 1 half
Listing Agent

Tunmire Realty

Listing Agent's Description

Beautiful home located in quite Cul De Sac. Enter this home and there is a formal living and formal dining highlighted by beautiful arches. Property has high vaulted ceiling in family room. Upstairs living area can be used for a game room, set up as media room, or use as a play area for kids. The bedrooms upstairs are split with two beds and a full bath on the left, and one bedroom on the right which can be use for guest. This property is located near a pond with fishing and a walking trail.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Briarwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $122k256k

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

Neighborhood: Briarwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10601990

* 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
Cockrell Hill Elementary School Primary Regular 565 37 5
Curtistene S Mccowan Middle School Middle Regular 846 52 2

Cockrell Hill Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 37
5
GreatSchools Rating

Curtistene S Mccowan Middle School

  • Education Level: Middle
  • # of students: 846
  • # of teachers: 52
2
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,052
Property Tax -$681
Property Insurance -$188
Property Management Fees -$99
CASH FLOW
-$200

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.

$285,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.9%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,454

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,994

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,7953$1,8204$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 217 Sandy Creek Place Desoto, TX 3
    • 4 beds 3 baths ∙ 2,789 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,789 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.65
    •  
  • 1137 Beechwood Lane Cedar Hill, TX 1
    • 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 2000
    property image
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.70
    •  
  • 1425 Gatlinburg Circle Desoto, TX 2
    • 3 beds 3 baths ∙ 2,658 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,658 Sqft ∙ Built 2001
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.68
    •  
  • 1387 Calvert Drive Cedar Hill, TX 4
    • 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2005
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.71
    •  
  • 212 Balsam Grove Lane Desoto, TX 5
    • 3 beds 3 baths ∙ 2,612 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,612 Sqft ∙ Built 2002
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.77
    •  
PROPERTY LISTING DETAILS
Linda Hayes
Tunmire Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14472869
Last Updated: 11/18/2020
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