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

2420 Warren Street Savannah, TX 76227

5 Beds 4 Baths 3,274 sqft Built 2018

$425,000

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $129.81
  • 5 Days on Market
  • MLS # : 14529611
  • Updated Date : 03/12/2021 at 09:50
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,274 sqft
  • Baths : 3 full , 1 half
Listing Agent

Fathom Realty

Listing Agent's Description

EXCEPTIONAL & SPACIOUS BLOOMFIELD CUSTOM BEAUTY ON OVERSIZED LOT IN DESIRED SAVANNAH! Gorgeous glass & iron wood front entry door. This newish home features TWO OWNERS STES & 3 LARGE BRs. Stunning Kitchen offers upgraded granite countertops, tons of crisp white cabinetry, Stainless Steel appliances, gas cooktop, pot filler & HUGE walk-in Pantry! Formal Dining Rm is a plus, currently being used as extra gameroom. Main Living Area has plenty of space for entertaining and comes complete with a gas starting stone fireplace. Great Open Floorplan for today's modern living arrangements. Two & a half car garage is oversized for additional storage. Home offers an abundance of storage throughout! Amazing HOA amenities!

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: 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
 

$382,500$467,500$425,000

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$1,476
Property Tax -$967
Property Insurance -$216
HOA -$71
Property Management Fees -$99
CASH FLOW
-$179

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.

$425,000

PROJECTED PRICE

$2,650

PROJECTED RENT

0.62%

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-$8.0k-$6.0k-$4.0k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$6,294

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,650

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,750

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6503$2,6954$2,7505$3,100
$3,100
RENT COMPS ANALYSIS
  • 2420 Warren Street Savannah, TX 2
    • 5 beds 4 baths ∙ 3,274 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,274 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.81
    •  
  • 2016 Historic District Little Elm, TX 1
    • 5 beds 3 baths ∙ 3,276 Sqft ∙ Built 2016 5 beds 3 baths ∙ 3,276 Sqft ∙ Built 2016
    property image
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.79
    •  
  • 1505 Wright Street Aubrey, TX 3
    • 5 beds 3 baths ∙ 3,430 Sqft ∙ Built 2016 5 beds 3 baths ∙ 3,430 Sqft ∙ Built 2016
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.79
    •  
  • 1100 Bell Manor Drive Savannah, TX 4
    • 5 beds 3 baths ∙ 3,150 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,150 Sqft ∙ Built 2005
    property image
    LEASED 03/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.87
    •  
  • 1804 Settlement Way Aubrey, TX 5
    • 5 beds 4 baths ∙ 3,404 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,404 Sqft ∙ Built 2016
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.91
    •  
PROPERTY LISTING DETAILS
Nicole Faye
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14529611
Last Updated: 03/12/2021
BESbswy