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3172 Lois Road Sanger, TX 76266

3 Beds 2 Baths 1,845 sqft Built 1995

$449,500

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $243.63
  • 6 Days on Market
  • MLS # : 14515683
  • Updated Date : 02/20/2021 at 12:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,845 sqft
  • Baths : 2 full
Listing Agent

Real T Team

Listing Agent's Description

If you are Looking for peace and quiet, this is a great opportunity to own 5 acres within walking distance and easy access to I-35. Come and see this beautiful country home with three bedrooms and 2 baths, all brick wood burning fireplace. Two parcels included in this listing R59781 and R179578. The back 2 acres are platted and ready to build with all utilities ,electricity and water available, It has fruit trees All information deemed to be accurate but not guaranteed. Buyer's agent or buyers to verify lot and rooms sizes, schools and square footage.

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: 76266

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $94k243k

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

Zip Code: 76266

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7771734

* 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
Clear Creek Intermediate School Primary Regular 359 26 4
Sanger Middle School Middle Regular 415 28 6
Sanger High School High Regular 796 52 5

Clear Creek Intermediate School

  • Education Level: Primary
  • # of students: 359
  • # of teachers: 26
4
GreatSchools Rating

Sanger Middle School

  • Education Level: Middle
  • # of students: 415
  • # of teachers: 28
6
GreatSchools Rating

Sanger High School

  • Education Level: High
  • # of students: 796
  • # of teachers: 52
5
GreatSchools Rating
 

$404,550$494,450$449,500

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,561
Property Tax -$853
Property Insurance -$134
Property Management Fees -$99
CASH FLOW
-$977

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.

$449,500

PROJECTED PRICE

$1,670

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.9%
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$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$18k-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$124,868

INVESTMENT

$124,868

Down Payment
$112,375
Rehab Estimate
$5,750
Closing Costs
$6,743

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,561

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,375
Loan Amount $337,125
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$57

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,693

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,6503$1,6704$1,6755$1,700
$1,700
RENT COMPS ANALYSIS
  • 3172 Lois Road Sanger, TX 3
    • 3 beds 2 baths ∙ 1,845 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,845 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.91
    •  
  • 4017 Wagon Wheel Drive Sanger, TX 1
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2015
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.97
    •  
  • 4014 Wagon Wheel Drive Sanger, TX 2
    • 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 2015
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 5006 Saddle Trail Sanger, TX 4
    • 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 2012
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.85
    •  
  • 4016 Wagon Wheel Drive Sanger, TX 5
    • 4 beds 2 baths ∙ 1,802 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,802 Sqft ∙ Built 2015
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.94
    •  
PROPERTY LISTING DETAILS
Esthela Hall
Real T Team
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14515683
Last Updated: 02/20/2021
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