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532 Hampton Drive Fate, TX 75087

4 Beds 4 Baths 2,847 sqft Built 2005

$359,900

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $126.41
  • 4 Days on Market
  • MLS # : 14487812
  • Updated Date : 12/17/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,847 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Rockwall

Listing Agent's Description

Stunning home on Premium Lot across from Protected Green Space with GORGEOUS Pool and Cedar Cabana! Great floor plan with 4 Large Bedrooms, Large Game Room, Secluded Study, 2 Story Family Room with Views to the Outdoor Oasis! Updates throughout!! Pool 2 years old, Cedar Cabana with Led lighting system 1 year old, HVAC Units 2019 & 2020! ALL NEW WINDOWS 2018, Appliances 2019, Exterior Paint 2018, WiFi Irrigation System, Landscape Beds with Drip Irrigation, Landscape Up-Lighting, Single Car Garage is currently woodwork shop with 2-20 amp circuits. Roof being replaced after the holidays.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
Billie Stevenson Elementary School Primary Unknown 526 35 NA
Herman E. Utley Middle School Middle Regular 672 40 8
Rockwall High School High Regular 2,323 134 8

Billie Stevenson Elementary School

  • Education Level: Primary
  • # of students: 526
  • # of teachers: 35
NA
GreatSchools Rating

Herman E. Utley Middle School

  • Education Level: Middle
  • # of students: 672
  • # of teachers: 40
8
GreatSchools Rating

Rockwall High School

  • Education Level: High
  • # of students: 2,323
  • # of teachers: 134
8
GreatSchools Rating
 

$323,910$395,890$359,900

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,328
Property Tax -$804
Property Insurance -$192
HOA -$47
Property Management Fees -$99
CASH FLOW
-$159

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.

$359,900

PROJECTED PRICE

$2,310

PROJECTED RENT

0.64%

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) 8.00%
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-$6.0k-$4.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$7,258

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,000

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9503$2,0204$2,1455$2,310
$2,310
RENT COMPS ANALYSIS
  • 532 Hampton Drive Fate, TX 5
    • 4 beds 4 baths ∙ 2,847 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,847 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $0.81
    •  
  • 715 Hickory Lane Fate, TX 1
    • 4 beds 3 baths ∙ 2,705 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,705 Sqft ∙ Built 2006
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.66
    •  
  • 413 Sugarberry Lane Fate, TX 2
    • 5 beds 2 baths ∙ 2,972 Sqft ∙ Built 2006 5 beds 2 baths ∙ 2,972 Sqft ∙ Built 2006
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.66
    •  
  • 205 Hackberry Drive Fate, TX 3
    • 4 beds 3 baths ∙ 2,670 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,670 Sqft ∙ Built 2006
    property image
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.76
    •  
  • 111 Gaines Court Fate, TX 4
    • 4 beds 3 baths ∙ 2,920 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,920 Sqft ∙ Built 2007
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $0.73
    •  
PROPERTY LISTING DETAILS
Shelley Dudley
Keller Williams Rockwall
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14487812
Last Updated: 12/17/2020
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