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290 Morning Fog Lane Sunnyvale, TX 75182

5 Beds 5 Baths 4,345 sqft Built 2018

$540,000

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $124.28
  • 6 Days on Market
  • MLS # : 14483220
  • Updated Date : 12/09/2020 at 15:10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,345 sqft
  • Baths : 4 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful, like new, home on half acre lot! This one-owner residence has been lived in for less than a year and still under warranty! Details include wood flooring in main living areas downstairs, plus upgraded tile and carpet. Kitchen has quartz counters, butlers pantry, and SS appliances. Master, secondary suite, and a powder bath for guests on first floor. Master bath features dual sinks, garden tub, and standup shower w. subway tile. Upstairs you will find 3 additional bedrooms and 2 bath, one w. dual sinks. Space for entertaining friends and family in the media room w.surround sound wiring, and game room! Backyard features covered patio,and 6 newly planted fruit trees. Sought after top rated Sunnyvale ISD!

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

Neighborhood: Sunnyvale

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k474k

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

Neighborhood: Sunnyvale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263194

* 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
Sunnyvale Elementary School Primary Regular 596 34 8
Sunnyvale Middle School Middle Regular 480 28 8
Sunnyvale High School High Regular 442 34 7

Sunnyvale Elementary School

  • Education Level: Primary
  • # of students: 596
  • # of teachers: 34
8
GreatSchools Rating

Sunnyvale Middle School

  • Education Level: Middle
  • # of students: 480
  • # of teachers: 28
8
GreatSchools Rating

Sunnyvale High School

  • Education Level: High
  • # of students: 442
  • # of teachers: 34
7
GreatSchools Rating
 

$486,000$594,000$540,000

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$1,992
Property Tax -$1,165
Property Insurance -$278
HOA -$58
Property Management Fees -$99
CASH FLOW
-$343

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.

$540,000

PROJECTED PRICE

$3,250

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$5,802

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,250

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $3,498

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,5003$3,775
$3,775
RENT COMPS ANALYSIS
  • 290 Morning Fog Lane Sunnyvale, TX 1
    • 5 beds 5 baths ∙ 4,345 Sqft ∙ Built 2018 5 beds 5 baths ∙ 4,345 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.75
    •  
  • 381 Vista Park Drive Sunnyvale, TX 2
    • 5 beds 5 baths ∙ 4,547 Sqft ∙ Built 2007 5 beds 5 baths ∙ 4,547 Sqft ∙ Built 2007
    LEASED 06/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.77
    •  
  • 304 Highpoint Sunnyvale, TX 3
    • 4 beds 4 baths ∙ 4,489 Sqft ∙ Built 2007 4 beds 4 baths ∙ 4,489 Sqft ∙ Built 2007
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,775
    • $0.84
    •  
PROPERTY LISTING DETAILS
Billy Vaselo
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14483220
Last Updated: 12/09/2020
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