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555 Bassett Hall Road Fate, TX 75189

4 Beds 4 Baths 2,767 sqft Built 2016

$325,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $117.46
  • 3 Days on Market
  • MLS # : 14492205
  • Updated Date : 01/01/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,767 sqft
  • Baths : 3 full , 1 half
Listing Agent

Bray Real Estate Group

Listing Agent's Description

Charming 4 bedroom, 3.5 bath home located in the highly desirable Williamsburg subdivision. This one owner home has been extremely well maintained and provides a great opportunity to live in the award winning RISD. This home features an open concept with updates though-out the entire home. Large master suite with oversized master bath, upstairs provides two additional bedrooms, two full baths and a large game room. Gorgeous backyard oasis with an extended covered patio and Jacuzzi is great for entertaining friends and family. HOA offers multiple pools, walking paths, stocked ponds, fitness center, playgrounds, and splash pad for the kiddos.

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

Zip Code: 75189

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 75189

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
Sharon Shannon Elementary School Primary Regular 580 41 7
Herman E. Utley Middle School Middle Regular 672 40 8
Rockwall-heath High School High Regular 2,200 119 8

Sharon Shannon Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 41
7
GreatSchools Rating

Herman E. Utley Middle School

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

Rockwall-heath High School

  • Education Level: High
  • # of students: 2,200
  • # of teachers: 119
8
GreatSchools Rating
 

$292,500$357,500$325,000

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 -$1,199
Property Tax -$555
Property Insurance -$187
HOA -$63
Property Management Fees -$99
CASH FLOW
$207

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.

$325,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.4%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

7.75

YEARS SAVED

$38,691

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
  • $0.83

    LIST RENT PER SQFT
  • $2,290

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,2003$2,2504$2,3105$2,645
$2,645
RENT COMPS ANALYSIS
  • 555 Bassett Hall Road Fate, TX 4
    • 4 beds 4 baths ∙ 2,767 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,767 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $0.83
    •  
  • 520 Kensington Place Fate, TX 1
    • 3 beds 4 baths ∙ 2,582 Sqft ∙ Built 2016 3 beds 4 baths ∙ 2,582 Sqft ∙ Built 2016
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.76
    •  
  • 209 Campbell Court Fate, TX 2
    • 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 2012
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.84
    •  
  • 188 Baldwin Drive Fate, TX 3
    • 4 beds 4 baths ∙ 2,737 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,737 Sqft ∙ Built 2014
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.82
    •  
  • 126 Griffin Avenue Fate, TX 5
    • 4 beds 3 baths ∙ 2,962 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,962 Sqft ∙ Built 2012
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,645
    • $0.89
    •  
PROPERTY LISTING DETAILS
Gary Meyers
Bray Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492205
Last Updated: 01/01/2021
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