Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

539 Sawyer Drive Fate, TX 75087

3 Beds 2 Baths 2,404 sqft Built 2005

$350,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $145.59
  • 3 Days on Market
  • MLS # : 14517385
  • Updated Date : 02/27/2021 at 22:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,404 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Come home to your Backyard Oasis! This beautiful 1 story open concept home with flex room and office located in Rockwall ISD has lots of upgrades & large windows with natural lighting! Some of the upgrades include wood floors throughout, crown molding, high ceilings, split bedroom arrangement, large front porch. Spacious kitchen showcases stunning granite countertops, island, 42 in cabinets, wine bar & opens to the living & dining areas. Entertain guests on large covered patio area or take a dip in the saltwater pool or hot tub! Hurry this home won't last long! Interior and exterior of home painted February 2021. Within walking distance to elementary school, clubhouse, pool, playground and dog park! Roof 2019

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
Herman E. Utley Middle School Middle Regular 672 40 8
Rockwall High School High Regular 2,323 134 8

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
 

$315,000$385,000$350,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,216
Property Tax -$782
Property Insurance -$166
HOA -$47
Property Management Fees -$99
CASH FLOW
-$79

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.

$350,000

PROJECTED PRICE

$2,230

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$9,131

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,290

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1953$2,2304$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 539 Sawyer Drive Fate, TX 3
    • 3 beds 2 baths ∙ 2,404 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,404 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.93
    •  
  • 321 Butternut Drive Fate, TX 1
    • 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2004
    property image
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.85
    •  
  • 606 Louder Way Fate, TX 2
    • 4 beds 3 baths ∙ 2,283 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,283 Sqft ∙ Built 2008
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.96
    •  
  • 616 Cayden Court Fate, TX 4
    • 4 beds 2 baths ∙ 2,303 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,303 Sqft ∙ Built 2015
    property image
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.00
    •  
  • 694 Cannon Fate, TX 5
    • 4 beds 3 baths ∙ 2,393 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,393 Sqft ∙ Built 2014
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.00
    •  
PROPERTY LISTING DETAILS
Stephanie Adams
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517385
Last Updated: 02/27/2021
BESbswy