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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $140.02
- 8 Days on Market
- MLS # : 14509975
- Updated Date : 02/05/2021 at 16:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,214 sqft
- Baths : 2 full
Listing Agent
Daphne Real Estate Llc
Listing Agent's Description
Large single story home near walking path directly to the schools. You'll be amazed with the upgrades that were made to this open floor plan. Welcome home to a custom front door & enjoy two large living areas, wood floors, roomy kitchen with built in desk & wine cabinet, granite countertops, stainless steel appliances, & 5 burner gas stove. The Master Bedroom was enlarged to provide room for a sitting area & large furniture. Master Bathroom has oversized shower, garden tub, & large walk-in closet. Enjoy the soothing rock waterfall from the large covered patio. Immaculate yard, landscaped with sprinkler system. Energy efficient with gas heat and AC, double pane windows, ceiling fans, and turbines.
SEE MORE
- 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: Sable Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sable Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,077 |
| Property Tax | -$588 | |
| Property Insurance | -$155 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$84
|
||
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.
$310,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$87,900
LOAN DETAILS
$1,077
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
3.25
YEARS SAVED
$8,390
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,893
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
46 N Highland Drive Sanger, TX 4
- 3 beds 2 baths ∙ 2,214 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,214 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,850
- $0.84
-
41 Kramer Lane Sanger, TX 1
- 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 2016
LEASED 02/25/20- Rent
- Rent Per SQFT
- $1,700
- $0.86
-
4711 Joshua Street Sanger, TX 2
- 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
-
28 Heron Drive Sanger, TX 3
- 4 beds 3 baths ∙ 2,189 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,189 Sqft ∙ Built 2015
LEASED 09/02/20- Rent
- Rent Per SQFT
- $1,850
- $0.85
-
4013 Park Lane Sanger, TX 5
- 3 beds 3 baths ∙ 2,215 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,215 Sqft ∙ Built 2019
LEASED 09/25/19- Rent
- Rent Per SQFT
- $1,950
- $0.88
PROPERTY LISTING DETAILS
Daphne Real Estate Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14509975
Last Updated: 02/05/2021
