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608 Sunfish Drive Crowley, TX 76036

4 Beds 2 Baths 1,957 sqft Built 2004

$244,900

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $125.14
  • 4 Days on Market
  • MLS # : 14490565
  • Updated Date : 12/24/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,957 sqft
  • Baths : 2 full
Listing Agent

Keller Williams-johnson County

Listing Agent's Description

Just listed in the beautiful Deer Creek Estates neighborhood of Crowley. This spacious 4 bedroom 2 bathroom home has an additional dining room area that could be used for any purpose. The kitchen features a breakfast area, ample storage space, which is conveniently located next to the laundry room. The owners suite includes double vanity, stand alone shower, garden tub, and a huge walk in closet. The expansive backyard has a large patio with a retractable awning perfect for entertaining. Experience reduced electric bills with this homes energy efficient solar panels. Enjoy the community pool, walking trails, tennis courts, playground, and lake as part of your neighborhood amenities.

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: Deer Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Deer Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
S.h. Crowley Intermediate School Primary Regular 456 26 4
S.h. Crowley Intermediate School Middle Regular 456 26 4
Crowley High School High Regular 2,033 150 4

S.h. Crowley Intermediate School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 26
4
GreatSchools Rating

S.h. Crowley Intermediate School

  • Education Level: Middle
  • # of students: 456
  • # of teachers: 26
4
GreatSchools Rating

Crowley High School

  • Education Level: High
  • # of students: 2,033
  • # of teachers: 150
4
GreatSchools Rating
 

$220,410$269,390$244,900

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$904
Property Tax -$607
Property Insurance -$140
HOA -$53
Property Management Fees -$99
CASH FLOW
-$182

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.

$244,900

PROJECTED PRICE

$1,620

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.7%
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$100k$200k$300k$400k$500k$600k$700k$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,649

INVESTMENT

$70,649

Down Payment
$61,225
Rehab Estimate
$5,750
Closing Costs
$3,674

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,225
Loan Amount $183,675
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,680

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,761

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6203$1,7004$1,8255$1,895
$1,895
RENT COMPS ANALYSIS
  • 608 Sunfish Drive Crowley, TX 2
    • 4 beds 2 baths ∙ 1,957 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,957 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.83
    •  
  • 117 Downwood Drive Burleson, TX 1
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1994
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.86
    •  
  • 853 Canyon Cove Drive Burleson, TX 3
    • 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 2001
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
  • 1133 Mourning Dove Drive Burleson, TX 4
    • 4 beds 2 baths ∙ 2,104 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,104 Sqft ∙ Built 2007
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.87
    •  
  • 125 Phlox Lane Burleson, TX 5
    • 4 beds 2 baths ∙ 1,986 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,986 Sqft ∙ Built 2003
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jeb Bryant
Keller Williams-johnson County
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490565
Last Updated: 12/24/2020
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