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2262 Bryant Lane Fate, TX 75189

4 Beds 2 Baths 1,775 sqft Built 2018

$244,900

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $137.97
  • 2 Days on Market
  • MLS # : 14494837
  • Updated Date : 01/08/2021 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,775 sqft
  • Baths : 2 full
Listing Agent

Universal Realty. Inc

Listing Agent's Description

You won’t want to miss this charming 4 bed, 2 bath home in Woodcreek Community. This home is move-in ready with open kitchen concept, granite countertop and stainless-steel appliances. The open floor plan offers spacious living and dining areas. A large Master bedroom suite comes with a luxurious bathroom with a 5-foot shower, his and her walk-in closets. Extended covered patio with private backyard and outside, landscaping gives great curb appeal. Master planned community includes amenities like club house, multiple pools, splash park, several playgrounds, walking trails, fitness center and plenty of green space! Great location! Close to I30 for easy access! Come check out this beautiful home before it’s gone!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Woodcreek

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Woodcreek

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8882171

* 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
Harry Herndon Intermediate School Primary Regular 408 27 7
Harry Herndon Intermediate School Middle Regular 408 27 7
Royse City High School High Regular 1,410 88 5

Harry Herndon Intermediate School

  • Education Level: Primary
  • # of students: 408
  • # of teachers: 27
7
GreatSchools Rating

Harry Herndon Intermediate School

  • Education Level: Middle
  • # of students: 408
  • # of teachers: 27
7
GreatSchools Rating

Royse City High School

  • Education Level: High
  • # of students: 1,410
  • # of teachers: 88
5
GreatSchools Rating
 

$220,410$269,390$244,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$851
Property Tax -$620
Property Insurance -$130
HOA -$47
Property Management Fees -$99
CASH FLOW
$93

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$244,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$70,649

INVESTMENT

$70,649

Down Payment
$61,225
Rehab Estimate
$5,750
Closing Costs
$3,674

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,225
Loan Amount $183,675
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$16,195

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,895

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$1,8404$2,0005$2,095
$2,095
RENT COMPS ANALYSIS
  • 2262 Bryant Lane Fate, TX 3
    • 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $1.04
    •  
  • 2130 Slow Stream Drive Royse City, TX 1
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2018
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 104 Waxberry Drive Royse City, TX 2
    • 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2019
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.03
    •  
  • 2516 Sabine Circle Royse City, TX 4
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2008
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
  • 422 Oleander Drive Royse City, TX 5
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2020
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.14
    •  
PROPERTY LISTING DETAILS
Hong Luu
Universal Realty. Inc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494837
Last Updated: 01/08/2021
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