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3 Peachtree Place Sherman, TX 75090

3 Beds 2 Baths 1,735 sqft Built 1982

$199,900

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $115.22
  • 2 Days on Market
  • MLS # : 14528135
  • Updated Date : 03/06/2021 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,735 sqft
  • Baths : 2 full
Listing Agent

Butch Fife Realtors

Listing Agent's Description

Well maintained home on quiet cul-de-sac in Sherman. Convenient to shopping and restaurants. Large living area with vaulted ceiling and wood beams. Fireplace is brick and has gas logs. Home has alley entrance garage and fenced back yard. Schedule an appointment today! Buyer and Buyer's agent to verify all information in listing is correct.

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: 75090

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160kPrice in $52k166k

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

Zip Code: 75090

No Data Available.

* 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
Neblett Elementary School Primary Regular 462 35 4
Piner Middle School Middle Regular 1,004 65 4
Sherman High School High Regular 1,780 119 5

Neblett Elementary School

  • Education Level: Primary
  • # of students: 462
  • # of teachers: 35
4
GreatSchools Rating

Piner Middle School

  • Education Level: Middle
  • # of students: 1,004
  • # of teachers: 65
4
GreatSchools Rating

Sherman High School

  • Education Level: High
  • # of students: 1,780
  • # of teachers: 119
5
GreatSchools Rating
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$694
Property Tax -$458
Property Insurance -$122
Property Management Fees -$99
CASH FLOW
$57

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.

$199,900

PROJECTED PRICE

$1,430

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 9.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$694

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$7,795

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,757

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4303$1,4504$1,5505$1,650
$1,650
RENT COMPS ANALYSIS
  • 3 Peachtree Place Sherman, TX 2
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.82
    •  
  • 2404 N Woods Street Sherman, TX 1
    • 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1967
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.00
    •  
  • 2304 N Ricketts Street Sherman, TX 3
    • 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1963
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.03
    •  
  • 1102 N Brents Avenue Sherman, TX 4
    • 4 beds 2 baths ∙ 1,463 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,463 Sqft ∙ Built 1967
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.06
    •  
  • 2914 N Ricketts Street Sherman, TX 5
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1970
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
PROPERTY LISTING DETAILS
Amber Carter
Butch Fife Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14528135
Last Updated: 03/06/2021
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