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3508 Sawtooth Lane Little Elm, TX 75068

4 Beds 4 Baths 2,574 sqft Built 2020

$449,900

List Price

$2,200

$2K - $2.4K

Rent Est.

$121,224

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+7.6%)
1 YR. PROJ. APPRECIATION


Cap Rate	1.9%
Cash Flow	-$8,880
Value Increase	$34,209

10 YEAR

Cash On Cash	-9.0%
Total Return	8.5%

PROPERTY INFO

Built 2020 NEW CONSTRUCTION

November 23, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 2020
Price/Sqft : $174.79
7 Days on Market
MLS # : 14476370
Updated Date : 11/23/2020 at 20:00

CONSTRUCTION

Beds : 4
Floor Size : 2,574 sqft
Baths : 3 full , 1 half

Listing Agent

Britton Homes

Listing Agent's Description

PERRY HOMES NEW CONSTRUCTION! Home office with French doors set at entry with 12-foot ceiling. Coffered extended entry leads to open family room, kitchen and dining area. Family room features wall of windows and fireplace. Kitchen features corner walk-in pantry and generous island with built-in seating space. Primary bedroom highlights 12-foot ceiling and wall of windows. Double doors lead to primary bath with dual vanities, garden tub and separate glass-enclosed shower with two entries that lead to separate walk-in closets. A guest suite with private bath adds to this one-story design. Covered backyard patio. Mud room off two-car garage.

MARKET HIGHLIGHTS

Dallas Market Report

. 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)

Zip Code: 75068

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

Zip Code: 75068

* 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
Cross Oaks Elementary School	Primary	Regular	596	40	6
Navo Middle School	Middle	Regular	1,077	65	7
Billy Ryan High School	High	Regular	2,409	170	5

Cross Oaks Elementary School

Education Level: Primary
# of students: 596
# of teachers: 40

GreatSchools Rating

Navo Middle School

Education Level: Middle
# of students: 1,077
# of teachers: 65

GreatSchools Rating

Billy Ryan High School

Education Level: High
# of students: 2,409
# of teachers: 170

GreatSchools Rating

FINANCIALS

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$404,910$494,89000$449,900

PURCHASE PRICE

$1,980$2,42000$2,200

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$2,200
EXPENSES	Loan Payment	-$1,660
	Property Tax	-$943
	Property Insurance	-$176
	HOA	-$63
	Property Management Fees	-$99



CASH FLOW -$740

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$449,900

PROJECTED PRICE

$2,200

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.94%
Appreciation Year (1-5)	7.6%
Maintenance Year (1-5)	3.00%
Vacancy	6.93%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$121,224

Down Payment	$112,475
Rehab Estimate	$2,000
Closing Costs	$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$112,475
Loan Amount	$337,425

See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

$0

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$2,200
LIST RENT
$0.85
LIST RENT PER SQFT

$2,188
COMP ESTIMATED VALUE
$0.85
COMP AVG. RENT PER SQFT

Comps Range

$2,050

1$2,0502$2,2003$2,2004$2,3905$2,400

$2,400

RENT COMPS ANALYSIS

2,574
PROPERTY SQFT
$0.85
AVG RENT PER SQFT
$2,188
ESTIMATED VALUE
$2,200
LIST RENT

3508 Sawtooth Lane Little Elm, TX 5

4 beds 4 baths ∙ 2,574 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,574 Sqft ∙ Built 2020
Price

Price Per SQFT

$449,900

$174.79
9617 Oxbow Lane Little Elm, TX 1

4 beds 4 baths ∙ 2,703 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,703 Sqft ∙ Built 2020
SOLD 08/14/20
Price

Price Per SQFT

$374,990

$138.73
309 Foxthorne Way Little Elm, TX 2

4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2019
SOLD 09/01/20
Price

Price Per SQFT

$379,900

$149.27
3712 Prickly Pear Road Little Elm, TX 3

4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2020
SOLD 09/17/20
Price

Price Per SQFT

$394,900

$157.71
3704 Prickly Pear Road Little Elm, TX 4

4 beds 4 baths ∙ 2,545 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,545 Sqft ∙ Built 2020
SOLD 11/16/20
Price

Price Per SQFT

$399,900

$157.13

3508 Sawtooth Lane Little Elm, TX 3

4 beds 4 baths ∙ 2,574 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,574 Sqft ∙ Built 2020
Rent

Rent Per SQFT

$2,200

$0.85
9012 Stewart Street Cross Roads, TX 1

4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2005
LEASED 10/02/20
Rent

Rent Per SQFT

$2,050

$0.79
1328 Red River Drive Aubrey, TX 2

4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2015
LEASED 06/30/20
Rent

Rent Per SQFT

$2,200

$0.87
1608 Silver Lane Aubrey, TX 4

4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2017
LEASED 07/24/20
Rent

Rent Per SQFT

$2,390

$0.87
1616 Clayton Lane Aubrey, TX 5

4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2017
LEASED 10/07/20
Rent

Rent Per SQFT

$2,400

$0.87

PROPERTY LISTING DETAILS

Larry Delzell
Britton Homes

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14476370
Last Updated: 11/23/2020

3508 Sawtooth Lane Little Elm, TX 75068

$449,900

$2,200

$121,224

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Cross Oaks Elementary School

Navo Middle School

Billy Ryan High School

FINANCIALS

$404,910$494,89000$449,900

$1,980$2,42000$2,200

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$449,900

$2,200

0.49%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,660

-0.08

$0

$449,900

$174.79

$387,928

$150.71

COMPS RANGE

PRICE COMPS ANALYSIS

$2,200

$0.85

$2,188

$0.85

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS