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449 Commonwealth Drive Saginaw, TX 76179

4 Beds 2 Baths 1,919 sqft Built 2012

$290,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $151.12
  • 3 Days on Market
  • MLS # : 14536775
  • Updated Date : 03/19/2021 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,919 sqft
  • Baths : 2 full
Listing Agent

Texas Realty One

Listing Agent's Description

Meticulously maintained! Real hardwood floors, ceramic tile in wet areas, 3 bedrooms have carpet. Open floor plan with vaulted ceilings. Kitchen has stainless appliances, tile backsplash, granite counters and an island. Master split from secondary bedrooms. Wood burning stone fireplace in living area. Large patio, partly covered. Pool sized backyard. Backyard also has an 8 x 10 storage building. The Dominion neighborhood has no HOA but includes sidewalk access to Willow Creek Park.

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

Neighborhood: The Dominion

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $104k258k

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

Neighborhood: The Dominion

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9191819

* 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
Willow Creek Elementary School Primary Regular 715 43 4
Creekview Middle School Middle Regular 801 47 7
Boswell High School High Regular 1,605 106 7

Willow Creek Elementary School

  • Education Level: Primary
  • # of students: 715
  • # of teachers: 43
4
GreatSchools Rating

Creekview Middle School

  • Education Level: Middle
  • # of students: 801
  • # of teachers: 47
7
GreatSchools Rating

Boswell High School

  • Education Level: High
  • # of students: 1,605
  • # of teachers: 106
7
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,007
Property Tax -$630
Property Insurance -$138
Property Management Fees -$99
CASH FLOW
-$194

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.

$290,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.2%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,228

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,670

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,6953$1,6954$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 449 Commonwealth Drive Saginaw, TX 1
    • 4 beds 2 baths ∙ 1,919 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,919 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.88
    •  
  • 736 Silverbrook Drive Saginaw, TX 2
    • 4 beds 2 baths ∙ 2,012 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,012 Sqft ∙ Built 2000
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.84
    •  
  • 609 Carriage Lane Saginaw, TX 3
    • 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 2003
    LEASED 12/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.89
    •  
  • 1121 Little John Drive Saginaw, TX 4
    • 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 2015
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.87
    •  
  • 6929 Brookglen Lane Fort Worth, TX 5
    • 4 beds 3 baths ∙ 1,942 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,942 Sqft ∙ Built 2006
    LEASED 03/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
PROPERTY LISTING DETAILS
Susan Krus
Texas Realty One
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536775
Last Updated: 03/19/2021
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