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3129 Rivercrest Drive Sherman, TX 75092

3 Beds 2 Baths 1,648 sqft Built 2009

$269,900

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $163.77
  • 6 Days on Market
  • MLS # : 14519294
  • Updated Date : 02/26/2021 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,648 sqft
  • Baths : 2 full
Listing Agent

Repeat Realty, Llc

Listing Agent's Description

Welcome home to this immaculate home located in the beautiful North Haven Addition. You'll see the many upgrades in this 3 BR, 2 BA, 2 Car GAR, 1 story home. The Country French Kitchen offers a gas range, tons of cabinet space, and a large island that overlooks the living room built for entertaining. Living Room has raised ceilings, gas logs in decorative fireplace, Hand Scrapped Hardwood floors. The master suite offers granite counter top, double sinks, separate shower. Separate Utility Room with folding counter top and built in cabinets. Split BR floor plan. Backyard features open patio with plenty of room for dogs, kids or both! Hurry this one won't last long!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Zip Code: 75092

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170k180k190kPrice in $60k199k

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

Zip Code: 75092

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
Fairview Elementary School Primary Regular 346 30 4
Piner Middle School Middle Regular 1,004 65 4
Sherman High School High Regular 1,780 119 5

Fairview Elementary School

  • Education Level: Primary
  • # of students: 346
  • # of teachers: 30
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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$937
Property Tax -$619
Property Insurance -$117
Property Management Fees -$99
CASH FLOW
-$142

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.

$269,900

PROJECTED PRICE

$1,630

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.1%
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$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,252

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,648

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4603$1,4754$1,5505$1,630
$1,630
RENT COMPS ANALYSIS
  • 3129 Rivercrest Drive Sherman, TX 5
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.99
    •  
  • 2219 Shady Oaks Lane Sherman, TX 1
    • 3 beds 2 baths ∙ 1,479 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,479 Sqft ∙ Built 2017
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.98
    •  
  • 3107 N Hickory Street Sherman, TX 2
    • 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 2017
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.00
    •  
  • 2105 Shady Oaks Lane Sherman, TX 3
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 2017
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.01
    •  
  • 2407 Shady Oaks Lane Sherman, TX 4
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 2017
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
PROPERTY LISTING DETAILS
Chase Kirby
Repeat Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14519294
Last Updated: 02/26/2021
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