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245 Cattlemans Trail Saginaw, TX 76131

3 Beds 2 Baths 1,916 sqft Built 2019

$299,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $156.05
  • 4 Days on Market
  • MLS # : 14530831
  • Updated Date : 03/11/2021 at 12:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,916 sqft
  • Baths : 2 full
Listing Agent

Century 21 Judge Fite Co.

Listing Agent's Description

Feel Right at Home in this Adorable Three Bedroom Two Bath House in the Bar C Ranch Community & Eagle Mtn. Saginaw ISD. Upon Entry You are Welcomed Into the Open Concept Living Area with Wood-Look Tile and Kitchen with Granite Countertops, Stainless Steel Appliances, Island, Breakfast Bar & Walk-In Pantry. Dining Area Located off of Kitchen with View of Backyard. Spacious Primary Suite with Room for Sitting Area, Dual Sinks, Granite Countertop, Separate Shower & Large Walk-In Closet. Split Guest Bedrooms with Full Bath. Front Study with Glass French Doors. Utility Room w Room for Extra Storage. Covered Back Patio & Backyard w Plenty of Space. 2 Car Garage. Located Just Minutes from Local Dining & Entertainment!

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

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $115k243k

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

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11021734

* 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
Comanche Springs Elementary School Primary Regular 586 34 5
Prairie Vista Middle School Middle Regular 866 53 5
Saginaw High School High Regular 1,785 113 6

Comanche Springs Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 34
5
GreatSchools Rating

Prairie Vista Middle School

  • Education Level: Middle
  • # of students: 866
  • # of teachers: 53
5
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,039
Property Tax -$649
Property Insurance -$138
HOA -$46
Property Management Fees -$99
CASH FLOW
-$221

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.

$299,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.7%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,620

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,758

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7154$1,7255$1,750
$1,750
RENT COMPS ANALYSIS
  • 245 Cattlemans Trail Saginaw, TX 5
    • 3 beds 2 baths ∙ 1,916 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,916 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
  • 312 Mariscal Place Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 2015
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.87
    •  
  • 357 Branding Iron Trail Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,815 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,815 Sqft ∙ Built 2010
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.94
    •  
  • 429 Mariscal Place Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,977 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,977 Sqft ∙ Built 2015
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,715
    • $0.87
    •  
  • 317 Mariscal Place Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2015
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.99
    •  
PROPERTY LISTING DETAILS
Lori Mayo
Century 21 Judge Fite Co.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14530831
Last Updated: 03/11/2021
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