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564 Camber Street Saginaw, TX 76131

3 Beds 2 Baths 1,990 sqft Built 2019

$305,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $153.27
  • 4 Days on Market
  • MLS # : 14513639
  • Updated Date : 02/11/2021 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,990 sqft
  • Baths : 2 full
Listing Agent

Magnolia Realty Argyle

Listing Agent's Description

Welcome home to this gem nestled in a quiet neighborhood, minutes away from Saginaw HS & 35W. Less than 1 year old & includes limited builder warranty. When you walk in, you're met with a bright entry leading past the office & into the open floor plan. Your gourmet kitchen is filled with SS appliances, gas range & oven, oversized island, & more. The breakfast nook & living space are lined with windows letting natural light flow throughout the home. Your stunning master retreat offers a large walk-in closet and soaking tub, perfect for a relaxing evening. Spend evenings on your back porch enjoying TX sunsets and BBQ or tinkering in your spacious 3 car garage. Don't miss the resort-style community pool & park!

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

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $115k243k

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

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11021734

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,059
Property Tax -$662
Property Insurance -$142
HOA -$33
Property Management Fees -$99
CASH FLOW
-$256

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$305,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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

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$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$1,020

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,761

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,7004$1,7405$1,750
$1,750
RENT COMPS ANALYSIS
  • 564 Camber Street Saginaw, TX 4
    • 3 beds 2 baths ∙ 1,990 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,990 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.87
    •  
  • 720 Oriole Drive Saginaw, TX 1
    • 4 beds 3 baths ∙ 1,866 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,866 Sqft ∙ Built 2001
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
  • 736 Cardinal Drive Saginaw, TX 2
    • 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 2001
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
  • 1069 Pullman Drive Saginaw, TX 3
    • 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 2002
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
  • 804 Big Sky Lane Saginaw, TX 5
    • 4 beds 3 baths ∙ 2,074 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,074 Sqft ∙ Built 2000
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
PROPERTY LISTING DETAILS
Damion Brown
Magnolia Realty Argyle
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14513639
Last Updated: 02/11/2021
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