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516 Greenvale Court Saginaw, TX 76179

3 Beds 2 Baths 2,080 sqft Built 2005

$279,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $134.57
  • 4 Days on Market
  • MLS # : 14470326
  • Updated Date : 11/12/2020 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,080 sqft
  • Baths : 2 full
Listing Agent

Superior Real Estate Group

Listing Agent's Description

Beautiful well kept home on quiet culdesac! This 3 bedroom, 2 bath home features 2 dining areas, crown molding throughout, can light fixtures, custom mud room bench, office nook, more! The ample kitchen has custom 42 inch cabinets, walk in pantry, breakfast bar.The master bath has dual vanities, linen cabinet, garden tub, sep. shower & a dream closet for the shoe & clothes lover (MUST SEE!). The private backyard has a large cedar pergola (with electrical & outdoor speakers!), full sprinklers, & custom 10x12 storage shed. Brand new roof, water heater & garage door opener! Please see the attached the Features list for more details on the home & smart home features! This home is easy to love & ready for move in!

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: Commons at Willow Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $115k243k

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

Neighborhood: Commons at Willow Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21150120012501300135014001450150015501600165017001750Rent in $11261786

* 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
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,033
Property Tax -$608
Property Insurance -$147
HOA -$30
Property Management Fees -$99
CASH FLOW
-$227

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.

$279,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.5%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,797

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,789

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,690
1$1,6902$1,7503$1,7754$1,8505$1,875
$1,875
RENT COMPS ANALYSIS
  • 516 Greenvale Court Saginaw, TX 1
    • 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.81
    •  
  • 904 John Kennedy Drive Saginaw, TX 2
    • 3 beds 3 baths ∙ 2,198 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,198 Sqft ∙ Built 2010
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.80
    •  
  • 500 Leatherman Drive Saginaw, TX 3
    • 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 2005
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.84
    •  
  • 949 Sherry Lane Saginaw, TX 4
    • 4 beds 2 baths ∙ 2,057 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,057 Sqft ∙ Built 2010
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.90
    •  
  • 940 Cloudlock Drive Saginaw, TX 5
    • 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 2016
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.90
    •  
PROPERTY LISTING DETAILS
Kay Rollins
Superior Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470326
Last Updated: 11/12/2020
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