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290 Ruger Street Tuscola, TX 79562

3 Beds 2 Baths 2,137 sqft Built 2005

$257,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $120.26
  • 6 Days on Market
  • MLS # : 14468958
  • Updated Date : 11/10/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,137 sqft
  • Baths : 2 full
Listing Agent

Tonya Harbin Real Estate

Listing Agent's Description

Wonderful home in Remington. Residential neighborhood with the feeling of country living. Great floorplan with exceptionally large rooms and wonderful dinning area. Plus a bonus room that could be a great mancave, playroom or office. The large master has a spacious bathroom with a separate shower and tub. The backyard has beautiful landscaping with a pergola over the patio.

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

Zip Code: 79562

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $78k264k

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

Zip Code: 79562

ZipNIR Market*CityMarket2015Year20112019 Q2900100011001200130014001500160017001800Rent in $8341813

* 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
Wylie Intermediate School Primary Regular 618 34 8
Wylie Junior High School Middle Regular 625 37 9
Wylie High School High Regular 1,026 67 8

Wylie Intermediate School

  • Education Level: Primary
  • # of students: 618
  • # of teachers: 34
8
GreatSchools Rating

Wylie Junior High School

  • Education Level: Middle
  • # of students: 625
  • # of teachers: 37
9
GreatSchools Rating

Wylie High School

  • Education Level: High
  • # of students: 1,026
  • # of teachers: 67
8
GreatSchools Rating
 

$231,300$282,700$257,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$948
Property Tax -$385
Property Insurance -$149
Property Management Fees -$99
CASH FLOW
$249

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$257,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 3.6%
Maintenance Year (1-5) 8.00%
Vacancy 9.90%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$73,855

INVESTMENT

$73,855

Down Payment
$64,250
Rehab Estimate
$5,750
Closing Costs
$3,855

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,250
Loan Amount $192,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$24,151

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,895

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7953$1,8304$1,895
$1,895
RENT COMPS ANALYSIS
  • 290 Ruger Street Tuscola, TX 3
    • 3 beds 2 baths ∙ 2,137 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,137 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.86
    •  
  • 226 Derringer Street Tuscola, TX 1
    • 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 2006
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 209 Derringer Street Tuscola, TX 2
    • 3 beds 2 baths ∙ 2,070 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,070 Sqft ∙ Built 2007
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.87
    •  
  • 173 White Tail Drive Tuscola, TX 4
    • 3 beds 2 baths ∙ 2,008 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,008 Sqft ∙ Built 2007
    property image
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.94
    •  
PROPERTY LISTING DETAILS
Tonya Harbin
Tonya Harbin Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14468958
Last Updated: 11/10/2020
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