Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

219 N Willow Street Sherman, TX 75090

3 Beds 2 Baths 1,200 sqft Built 2020

$170,000

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $141.67
  • 3 Days on Market
  • MLS # : 14466676
  • Updated Date : 11/06/2020 at 16:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,200 sqft
  • Baths : 2 full
Listing Agent

Paragon Realtors

Listing Agent's Description

Welcome to your new home! Well built and ready for move in, this 3 bedroom, 2 bath has all the modern features you could want. Gorgeous kitchen with granite counters, decorative lighting, pantry and gas stove. Separate laundry room with sliding barn door. Master bedroom with ensuite bath features huge walk in closet. Solid construction with 2X6 exterior walls, blown insulation in the walls, 12 inch cellulose insulation in the attic and 16 SEER AC unit for energy efficiency. Foundation built with deeper than normal beams and extra steel. Hurry this won't last long!

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
Jefferson Elementary School Primary Regular 277 21 7
Dillingham Intermediate School Middle Regular 1,036 76 4
Sherman High School High Regular 1,780 119 5

Jefferson Elementary School

  • Education Level: Primary
  • # of students: 277
  • # of teachers: 21
7
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
 

$153,000$187,000$170,000

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$627
Property Tax -$382
Property Insurance -$93
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.

$170,000

PROJECTED PRICE

$1,180

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 9.0%
Maintenance Year (1-5) 3.00%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$47,050

INVESTMENT

$47,050

Down Payment
$42,500
Rehab Estimate
$2,000
Closing Costs
$2,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$627

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,500
Loan Amount $127,500
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$4,231

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,170

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,180
1$1,1802$1,2753$1,3004$1,3005$1,375
$1,375
RENT COMPS ANALYSIS
  • 219 N Willow Street Sherman, TX 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.98
    •  
  • 709 S Montgomery Street Sherman, TX 2
    • 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 2018
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.94
    •  
  • 307 E Brockett Street Sherman, TX 3
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 2005
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.02
    •  
  • 716 N Harrison Avenue Sherman, TX 4
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2020
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
  • 913 E Cherry Street Sherman, TX 5
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 2020
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.01
    •  
PROPERTY LISTING DETAILS
Kimberly Hudgins
Paragon Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466676
Last Updated: 11/06/2020
BESbswy