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509 Brandy Court Saginaw, TX 76179

4 Beds 2 Baths 1,697 sqft Built 2000

$229,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $135.47
  • 2 Days on Market
  • MLS # : 14498522
  • Updated Date : 02/27/2021 at 09:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,697 sqft
  • Baths : 2 full
Listing Agent

Webb Kirkpatrick Real Estate, Inc

Listing Agent's Description

Pride of ownership is in full display in this 4 bedroom one owner home. The fireplace came through providing heat while the power was out. New roofing materials replaced in Sept 2020, the rafters have been reinforced with hurricane clips, the Air Conditioner was replaced Feb 2019. New vinyl flooring is being installed into much of the home and freshly painted. The hot water heater is only 5 yrs old. Tile and new faucets in the bathrooms have also been updated over the last few yrs. It has a sprinkler and security system to boot. There is approximately 60 sq ft of work and freezer area in the garage. This home is ready for a growing family, that should provided safety and peace of mind for now and down the road.

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: Willowstone Estates at Saginaw

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Willowstone Estates at Saginaw

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
Boswell High School High Regular 1,605 106 7
Bryson Elementary School Primary Unknown NA

Bryson Elementary School

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

Boswell High School

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

Bryson Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$799
Property Tax -$499
Property Insurance -$125
Property Management Fees -$99
CASH FLOW
$128

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.

$229,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$19,686

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,642

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,570
1$1,5702$1,6503$1,6504$1,7455$1,785
$1,785
RENT COMPS ANALYSIS
  • 509 Brandy Court Saginaw, TX 3
    • 4 beds 2 baths ∙ 1,697 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,697 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.97
    •  
  • 409 Candlestick Trail Saginaw, TX 1
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2000
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.97
    •  
  • 612 Mooney Drive Saginaw, TX 2
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2006
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
  • 544 Cambridge Drive Saginaw, TX 4
    • 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 2001
    LEASED 02/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.99
    •  
  • 537 Buckstone Drive Saginaw, TX 5
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2001
    LEASED 02/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $1.02
    •  
PROPERTY LISTING DETAILS
Jerry Jones
Webb Kirkpatrick Real Estate, Inc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14498522
Last Updated: 02/27/2021
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