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5103 Ambergate Lane Sherman, TX 75092

5 Beds 3 Baths 2,695 sqft Built 2019

$329,900

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $122.41
  • 1 Days on Market
  • MLS # : 14482021
  • Updated Date : 12/05/2020 at 22:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,695 sqft
  • Baths : 3 full
Listing Agent

Re/max First Realty Iii

Listing Agent's Description

Gently lived in 5 bedroom home. Two large master bedrooms, one down and one upstairs. Each Master bathroom has separate tub and shower area along with double sink vanities. 2 80 gal. Water heaters. Ceiling fans throughout. Upgraded dining and entrance lite fixtures. Plantation shutters in Formal Dining Room. Ceramic wood look flooring. Open Living Kitchen area. Corner lot with covered back patio area and wood fencing. Landscaping and a sprinkler system. Gas range, microwave and refrigerator will remain with property. 3 car garage with openers. Seller has provided a survey for this property. You will fall in love with this home when you enter thru the front door.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Zip Code: 75092

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170k180k190kPrice in $60k199k

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

Zip Code: 75092

No Data Available.

* 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
Dillingham Intermediate School Primary Regular 1,036 76 4
Dillingham Intermediate School Middle Regular 1,036 76 4
Sherman High School High Regular 1,780 119 5

Dillingham Intermediate School

  • Education Level: Primary
  • # of students: 1,036
  • # of teachers: 76
4
GreatSchools Rating

Dillingham Intermediate School

  • Education Level: Middle
  • # of students: 1,036
  • # of teachers: 76
4
GreatSchools Rating

Sherman High School

  • Education Level: High
  • # of students: 1,780
  • # of teachers: 119
5
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$1,217
Property Tax -$632
Property Insurance -$174
HOA -$33
Property Management Fees -$99
CASH FLOW
$465

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$329,900

PROJECTED PRICE

$2,620

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 3.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,424

INVESTMENT

$89,424

Down Payment
$82,475
Rehab Estimate
$2,000
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

10.75

YEARS SAVED

$65,876

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,578

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4003$2,5004$2,620
$2,620
RENT COMPS ANALYSIS
  • 5103 Ambergate Lane Sherman, TX 4
    • 5 beds 3 baths ∙ 2,695 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,695 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $0.97
    •  
  • 520 Appaloosa Lane Sherman, TX 1
    • 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 2016
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.97
    •  
  • 4613 Sephora Drive Sherman, TX 2
    • 4 beds 4 baths ∙ 2,591 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,591 Sqft ∙ Built 2017
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.93
    •  
  • 4909 Ambergate Lane Sherman, TX 3
    • 4 beds 4 baths ∙ 2,582 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,582 Sqft ∙ Built 2018
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.97
    •  
PROPERTY LISTING DETAILS
Patricia Farr
Re/max First Realty Iii
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14482021
Last Updated: 12/05/2020
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