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529 Saguaro Drive Fort Worth, TX 76052

3 Beds 2 Baths 1,686 sqft Built 2018

$259,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $154.15
  • 3 Days on Market
  • MLS # : 14465411
  • Updated Date : 11/05/2020 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,686 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty Frisco

Listing Agent's Description

You will love coming home to this stunning and nearly brand new single story residence gently nestled on an oversized & private lot within the family friendly & rich in amenities Sendera Ranch comn featuring resort style pools, beautiful amenity center, parks, miles of scenic trails and onsite middle, elem schools & daycare facility. The expansive open concept floorplan is opulently spacious & flows effortlessly boasting an inviting family room that opens to the chef & entertainer's delight kitchen equipped w gorgeous cabinetry, gas range, pretty granite, subway tile backsplash & island. Great BRs sizes. High ceilings & abundance of windows fill the space w natural light. Extended patio. Epoxy garage flooring.

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: Sendera Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $100k336k

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

Neighborhood: Sendera Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Truett Wilson Middle School Middle Unknown 844 58 NA

Truett Wilson Middle School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 58
NA
GreatSchools Rating
 

$233,910$285,890$259,900

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 -$959
Property Tax -$542
Property Insurance -$125
HOA -$42
Property Management Fees -$99
CASH FLOW
-$116

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.

$259,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,736

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
  • $0.98

    LIST RENT PER SQFT
  • $1,640

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,6304$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 529 Saguaro Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
  • 14129 Esperanza Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 2005
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.92
    •  
  • 14521 Mainstay Way Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2017
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.95
    •  
  • 14132 Cedar Post Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.03
    •  
  • 1177 Kachina Lane Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2007
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.99
    •  
PROPERTY LISTING DETAILS
Anastasia Riley
Coldwell Banker Realty Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465411
Last Updated: 11/05/2020
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