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339 Chamberlain Drive Fate, TX 75189

4 Beds 3 Baths 2,129 sqft Built 2017

$339,900

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $159.65
  • 2 Days on Market
  • MLS # : 14536159
  • Updated Date : 03/20/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,129 sqft
  • Baths : 2 full , 1 half
Listing Agent

Call It Closed Realty

Listing Agent's Description

Absolutely charming home with so much to offer. Floorplan allows for multiple room purposes with split bedrooms, office, 4 bedrooms, and additional storage. Home boasts open living, dining, and kitchen space with a welcoming fireplace and backyard views. The oversized breakfast bar-island allows for multiple uses. Smart home ready. Quiet cul de sac allows for an oversized lot just perfect for your outdoors enjoyment. Community offers pool and bbq areas, fitness center, clubhouse, soccer field, playground, greenbelt, and trail. Everything you need and want within walking distance as well as minutes from shopping, dining, entertainment, and so much more.

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: 75189

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 75189

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8882171

* 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
Herman E. Utley Middle School Middle Regular 672 40 8
Rockwall-heath High School High Regular 2,200 119 8
Rockwall-heath High School High Unknown NA

Herman E. Utley Middle School

  • Education Level: Middle
  • # of students: 672
  • # of teachers: 40
8
GreatSchools Rating

Rockwall-heath High School

  • Education Level: High
  • # of students: 2,200
  • # of teachers: 119
8
GreatSchools Rating

Rockwall-heath High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,181
Property Tax -$581
Property Insurance -$150
HOA -$35
Property Management Fees -$99
CASH FLOW
-$75

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.

$339,900

PROJECTED PRICE

$1,970

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,676

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,113

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$1,9704$2,0955$2,200
$2,200
RENT COMPS ANALYSIS
  • 339 Chamberlain Drive Fate, TX 3
    • 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.93
    •  
  • 438 Stuart Lane Fate, TX 1
    • 4 beds 2 baths ∙ 2,003 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,003 Sqft ∙ Built 2019
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.95
    •  
  • 418 Stuart Lane Fate, TX 2
    • 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 2018
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.97
    •  
  • 221 Churchill Drive Fate, TX 4
    • 3 beds 2 baths ∙ 2,064 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,064 Sqft ∙ Built 2016
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.02
    •  
  • 341 Gladstone Circle Fate, TX 5
    • 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 2017
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.03
    •  
PROPERTY LISTING DETAILS
Cathleen Lewis
Call It Closed Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536159
Last Updated: 03/20/2021
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