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532 Bradley Drive Fate, TX 75087

4 Beds 2 Baths 2,052 sqft Built 2020

$319,620

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $155.76
  • 7 Days on Market
  • MLS # : 14461768
  • Updated Date : 10/30/2020 at 09:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,052 sqft
  • Baths : 2 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14461768 - Built by UnionMain Homes - December completion! ~ Perfect for entertaining , the main indoor and outdoor living spaces are unified by large windows and door the large covered patio. The well-equipped gourmet kitchen features ample cabinet space, a desirable walk-in pantry, center island with breakfast bar, and well-lit breakfast area. The completely private master bedroom is complemented by a high ceiling, large soaker tub, walk-in closet, and a luxuriously large master bathroom with dual-sink vanity, and private water closet. Additional highlights include: secondary bedrooms each with full bathroom and a spacious walk-in closet..

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: Woodcreek

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Woodcreek

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8882171

* 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
Harry Herndon Intermediate School Primary Regular 408 27 7
Harry Herndon Intermediate School Middle Regular 408 27 7
Royse City High School High Regular 1,410 88 5

Harry Herndon Intermediate School

  • Education Level: Primary
  • # of students: 408
  • # of teachers: 27
7
GreatSchools Rating

Harry Herndon Intermediate School

  • Education Level: Middle
  • # of students: 408
  • # of teachers: 27
7
GreatSchools Rating

Royse City High School

  • Education Level: High
  • # of students: 1,410
  • # of teachers: 88
5
GreatSchools Rating
 

$287,658$351,582$319,620

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,179
Property Tax -$575
Property Insurance -$146
HOA -$47
Property Management Fees -$99
CASH FLOW
$64

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.

$319,620

PROJECTED PRICE

$2,110

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.0%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$86,699

INVESTMENT

$86,699

Down Payment
$79,905
Rehab Estimate
$2,000
Closing Costs
$4,794

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,179

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,905
Loan Amount $239,715
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$23,929

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,098

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,830
1$1,8302$2,0003$2,0004$2,1005$2,110
$2,110
RENT COMPS ANALYSIS
  • 532 Bradley Drive Fate, TX 5
    • 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $1.03
    •  
  • 749 Bosley Drive Fate, TX 1
    • 4 beds 2 baths ∙ 1,997 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,997 Sqft ∙ Built 2017
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.92
    •  
  • 532 La Grange Drive Fate, TX 2
    • 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 2016
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.05
    •  
  • 929 Corbitt Lane Fate, TX 3
    • 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 2018
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.05
    •  
  • 566 La Grange Drive Rockwall, TX 4
    • 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2019
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.07
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461768
Last Updated: 10/30/2020
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