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

2404 Warren Street Savannah, TX 76227

5 Beds 3 Baths 3,437 sqft Built 2017

$418,000

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $121.62
  • 2 Days on Market
  • MLS # : 14483293
  • Updated Date : 12/19/2020 at 20:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,437 sqft
  • Baths : 3 full
Listing Agent

Monument Realty

Listing Agent's Description

Resort style living can be yours with this stunning Bloomfield home! This home has the perfect layout with 5 bedrooms (3 up and 2 down), 3 bathrooms, an open concept gourmet kitchen and living room with gas fireplace as well as a formal dining room and upstairs game and media room! Upgrades abound with wood tile flooring throughout the main living, upgraded kitchen, extensive smart home features and an oversized garage (bring your full size truck)! Enjoy the spacious backyard, covered balcony and convenience of the neighborhood park right outside your front door!! Endless community amenities include pools, tennis, clubhouse, playgrounds, sport fields, fitness center, fishing, events & more!

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: Savannah

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Savannah

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Savannah Elementary School Primary Regular 640 42 6
Navo Middle School Middle Regular 1,077 65 7
Billy Ryan High School High Regular 2,409 170 5

Savannah Elementary School

  • Education Level: Primary
  • # of students: 640
  • # of teachers: 42
6
GreatSchools Rating

Navo Middle School

  • Education Level: Middle
  • # of students: 1,077
  • # of teachers: 65
7
GreatSchools Rating

Billy Ryan High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 170
5
GreatSchools Rating
 

$376,200$459,800$418,000

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$1,542
Property Tax -$951
Property Insurance -$226
HOA -$72
Property Management Fees -$99
CASH FLOW
-$160

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.

$418,000

PROJECTED PRICE

$2,730

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,520

INVESTMENT

$116,520

Down Payment
$104,500
Rehab Estimate
$5,750
Closing Costs
$6,270

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,542

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,500
Loan Amount $313,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$9,313

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,730

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,724

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6003$2,6954$2,7305$3,100
$3,100
RENT COMPS ANALYSIS
  • 2404 Warren Street Savannah, TX 4
    • 5 beds 3 baths ∙ 3,437 Sqft ∙ Built 2017 5 beds 3 baths ∙ 3,437 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $0.79
    •  
  • 1617 Settlement Way Aubrey, TX 1
    • 4 beds 3 baths ∙ 3,362 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,362 Sqft ∙ Built 2016
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.74
    •  
  • 2004 State Street Aubrey, TX 2
    • 5 beds 3 baths ∙ 3,585 Sqft ∙ Built 2016 5 beds 3 baths ∙ 3,585 Sqft ∙ Built 2016
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.73
    •  
  • 1505 Wright Street Aubrey, TX 3
    • 5 beds 3 baths ∙ 3,430 Sqft ∙ Built 2016 5 beds 3 baths ∙ 3,430 Sqft ∙ Built 2016
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.79
    •  
  • 1804 Settlement Way Aubrey, TX 5
    • 5 beds 4 baths ∙ 3,404 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,404 Sqft ∙ Built 2016
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.91
    •  
PROPERTY LISTING DETAILS
Amy Holt
Monument Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14483293
Last Updated: 12/19/2020
BESbswy