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504 Park Center Boulevard Saginaw, TX 76179

4 Beds 2 Baths 1,855 sqft Built 2020

$275,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $148.25
  • 1 Days on Market
  • MLS # : 14439853
  • Updated Date : 11/02/2020 at 15:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,855 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Fort Worth

Listing Agent's Description

GREAT PRICE for the upgrades & amenities, the finishes on this home are SPECTACULAR! Split concept with 4 bedrooms, 2 FULL baths, and a 2 car garage. Kitchen is LOADED with quartz, stainless appliances, easy close custom cabinets, breakfast bar, wood look tile, & a walk-in pantry. SOARING 10ft ceilings, custom iron front door, upgraded 5¼ in. baseboards throughout, plus gorgeous cedar accents inside and out. Master has a huge walk-in closet, large soaker tub, and an oversized shower with a seat built in. CAT-5 wiring is dropped in living room & bedrooms for easy connection. Great floor plan with an open concept. There is even a BONUS built-in mudroom bench in the garage and gas connection on patio for a grill!

SEE MORE

MARKET HIGHLIGHTS

  • . 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: Saginaw North

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Saginaw North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Bryson Elementary School Primary Regular 473 34 5
Wayside Middle School Middle Regular 943 52 6
Boswell High School High Regular 1,605 106 7

Bryson Elementary School

  • Education Level: Primary
  • # of students: 473
  • # of teachers: 34
5
GreatSchools Rating

Wayside Middle School

  • Education Level: Middle
  • # of students: 943
  • # of teachers: 52
6
GreatSchools Rating

Boswell High School

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

$247,500$302,500$275,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,015
Property Tax -$597
Property Insurance -$134
Property Management Fees -$99
CASH FLOW
-$315

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.

$275,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,875

INVESTMENT

$74,875

Down Payment
$68,750
Rehab Estimate
$2,000
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$270

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,790

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,530
1$1,5302$1,5503$1,6504$1,7005$1,825
$1,825
RENT COMPS ANALYSIS
  • 504 Park Center Boulevard Saginaw, TX 1
    • 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.82
    •  
  • 8608 Gray Shale Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2009
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
  • 505 Cambridge Drive Saginaw, TX 3
    • 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2002
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 8409 Shallow Creek Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 2008
    property image
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
  • 917 Virginia Lane Saginaw, TX 5
    • 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 2011
    property image
    LEASED 01/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.01
    •  
PROPERTY LISTING DETAILS
Doug Pillard
Jp And Associates Fort Worth
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14439853
Last Updated: 11/02/2020
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