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547 Bradley Drive Fate, TX 75087

3 Beds 2 Baths 1,736 sqft Built 2020

$329,930

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $190.05
  • 7 Days on Market
  • MLS # : 14501774
  • Updated Date : 01/18/2021 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,736 sqft
  • Baths : 2 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14501774 - Built by UnionMain Homes - February completion! ~ The spacious and open floorplan of the charming Pecos makes one-story living a dream. The enormous kitchen features ample counter space, a large center island with seating, an upgraded extended dining area, and access to the sizable family room featuring an indoor fireplace is perfect for gatherings. The upgraded and extended owner’s suite boasts a tray ceiling, a generous walk-in closet, and a lavish master bath with a dual-sink vanity, a shower with a separate soaking tub as well as a private toilet area. Additional highlights include: two spacious bedrooms with hall bath access, a tucked-away laundry, and a large outdoor living area.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

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
 

$296,937$362,923$329,930

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,146
Property Tax -$594
Property Insurance -$128
HOA -$47
Property Management Fees -$99
CASH FLOW
-$134

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.

$329,930

PROJECTED PRICE

$1,880

PROJECTED RENT

0.57%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$89,431

INVESTMENT

$89,431

Down Payment
$82,483
Rehab Estimate
$2,000
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,483
Loan Amount $247,448
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,583

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,884

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8803$1,9754$2,0005$2,050
$2,050
RENT COMPS ANALYSIS
  • 547 Bradley Drive Fate, TX 2
    • 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $1.08
    •  
  • 310 Meredith Drive Fate, TX 1
    • 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 2020
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.08
    •  
  • 778 Bosley Fate, TX 3
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2017
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.09
    •  
  • 532 La Grange Drive Fate, TX 4
    • 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
    •  
  • 616 Beltrand Lane Fate, TX 5
    • 4 beds 2 baths ∙ 1,837 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,837 Sqft ∙ Built 2020
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.12
    •  
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 #: 14501774
Last Updated: 01/18/2021
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