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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $158.88
- 3 Days on Market
- MLS # : 14506151
- Updated Date : 02/26/2021 at 00:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,605 sqft
- Baths : 2 full
Listing Agent
United Real Estate
Listing Agent's Description
Nestled in this quaint town of Sanger just minutes from shopping, restaurants and yes a Winery. This home has an open floor concept with an oversized island great for entertaining. Granite countertops throughout and kitchen has full tile backsplash. Walk in pantry with barn door and a drop station by the front door. Beautiful raised cabinets and vinyl plank flooring. This home has a smart split design with 2 bedrooms on one end and the master suite in the back off of the living area. Perfect for any family. A must see, this will go quick! All information on this listing is to be verified by buyers or buyers agent.
SEE MORE
- . 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)
PRICE & RENT TRENDS
Neighborhood: Sanger Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sanger Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$886 |
| Property Tax | -$484 | |
| Property Insurance | -$120 | |
| HOA | -$35 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$33
|
||
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.
$255,000
PROJECTED PRICE
$1,590
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$73,325
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $63,750 |
| Loan Amount | $191,250 |
3.75
YEARS SAVED
$9,107
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,621
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
4005 Bridle Path Lane Sanger, TX 1
- 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2017
![property image]()
- Rent
- Rent Per SQFT
- $1,590
- $0.99
-
4011 Wagon Wheel Drive Sanger, TX 2
- 4 beds 2 baths ∙ 1,527 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,527 Sqft ∙ Built 2015
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,595
- $1.04
-
4113 Bridle Path Lane Sanger, TX 3
- 4 beds 2 baths ∙ 1,653 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,653 Sqft ∙ Built 2018
![property image]()
LEASED 04/02/20- Rent
- Rent Per SQFT
- $1,695
- $1.03
-
4016 Wagon Wheel Drive Sanger, TX 4
- 4 beds 2 baths ∙ 1,802 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,802 Sqft ∙ Built 2015
![property image]()
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,700
- $0.94
-
4803 Joshua Drive Sanger, TX 5
- 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 2017
![property image]()
LEASED 02/25/21- Rent
- Rent Per SQFT
- $1,700
- $1.03
PROPERTY LISTING DETAILS
United Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14506151
Last Updated: 02/26/2021
