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3914 Bridle Path Lane Sanger, TX 76266

4 Beds 2 Baths 1,943 sqft Built 2017

$269,900

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $138.91
  • 2 Days on Market
  • MLS # : 14540554
  • Updated Date : 03/27/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,943 sqft
  • Baths : 2 full
Listing Agent

Post Oak Realty

Listing Agent's Description

This beautiful home built in 2017, located in Sanger TX, is one that is sure to impress. The 4 bed 2 bath home incorporates a large open flow of space in this living and kitchen that is ideal for entertaining, a kitchen that features ss appliances, large island, granite countertops in kitchen and both baths, large master with huge walk in closet, split bedroom concept, recessed lighting, tall ceilings, and loads more. The property in located adjacent to a greenbelt in Sanger Circle and features a wood fence, a covered patio, is only minutes from schools as well as I35 and well know Lake Ray Roberts. All of this for under $270k! Make sure you don't miss your chance on this excellent opportunity.

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

Neighborhood: Sanger Trails

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $94k243k

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

Neighborhood: Sanger Trails

NeighborhoodNIR 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
Butterfield Elementary School Primary Regular 501 32 7
Sanger Middle School Middle Regular 415 28 6
Sanger High School High Regular 796 52 5

Butterfield Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 32
7
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
 

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

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$937
Property Tax -$512
Property Insurance -$139
HOA -$38
Property Management Fees -$99
CASH FLOW
$5

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

$1,730

PROJECTED RENT

0.64%

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

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$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 55% 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

4.5

YEARS SAVED

$12,247

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,715

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6753$1,7004$1,7305$1,750
$1,750
RENT COMPS ANALYSIS
  • 3914 Bridle Path Lane Sanger, TX 4
    • 4 beds 2 baths ∙ 1,943 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,943 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.89
    •  
  • 4014 Wagon Wheel Drive Sanger, TX 1
    • 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 2
    • 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 3
    • 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
    •  
  • 4711 Joshua Street Sanger, TX 5
    • 4 beds 2 baths ∙ 2,103 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,103 Sqft ∙ Built 2018
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
PROPERTY LISTING DETAILS
Rey Reyes
Post Oak Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14540554
Last Updated: 03/27/2021
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