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641 Mcneill Lane Saginaw, TX 76179

4 Beds 3 Baths 2,574 sqft Built 2021

$363,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $141.38
  • 7 Days on Market
  • MLS # : 14506034
  • Updated Date : 01/25/2021 at 12:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,574 sqft
  • Baths : 2 full , 1 half
Listing Agent

Silversage Realty

Listing Agent's Description

THIS BEAUTIFUL OPEN CONCEPT PLAN IS LOCATED IN THE POPULAR WILLOW VISTA ESTATES COMMUNITY IN SAGINAW. THIS PLAN HAS 4 BEDROOMS, 2 AND A HALF BATHS WITH A FLEX ROOM. THE 4TH BEDROOM CAN BE USED AS AN OPTIONAL STUDY. THE KITCHEN BOASTS CUSTOM MADE CABINETS, AN OVERSIZED ISLAND AND IS OPEN TO THE LARGE LIVING AND DINING AREA, GREAT FOR ENTERTAINING! 3 CAR TANDEM GARAGE FOR EXTRA STORAGE. ACROSS THE STREET FROM LARGE PARKS WITH WALKING TRAILS, SOFTBALL, VOLLEYBALL AND BASKETBALL COURTS. THERE ARE ALSO 2 DOG PARKS NEARBY. ACCESS TO THE COMMUNITY POOL!

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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: 76179

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76179

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Willow Creek Elementary School Primary Regular 715 43 4
Creekview Middle School Middle Regular 801 47 7
Boswell High School High Regular 1,605 106 7

Willow Creek Elementary School

  • Education Level: Primary
  • # of students: 715
  • # of teachers: 43
4
GreatSchools Rating

Creekview Middle School

  • Education Level: Middle
  • # of students: 801
  • # of teachers: 47
7
GreatSchools Rating

Boswell High School

  • Education Level: High
  • # of students: 1,605
  • # of teachers: 106
7
GreatSchools Rating
 

$327,510$400,290$363,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,264
Property Tax -$790
Property Insurance -$176
HOA -$33
Property Management Fees -$99
CASH FLOW
-$463

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$363,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 3.00%
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$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,434

INVESTMENT

$98,434

Down Payment
$90,975
Rehab Estimate
$2,000
Closing Costs
$5,459

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,264

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,975
Loan Amount $272,925
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$43

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,853

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6953$1,6954$1,7455$1,900
$1,900
RENT COMPS ANALYSIS
  • 641 Mcneill Lane Saginaw, TX 5
    • 4 beds 3 baths ∙ 2,574 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,574 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.74
    •  
  • 8405 Three Bars Drive Fort Worth, TX 1
    • 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 2003
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.67
    •  
  • 8229 Three Bars Drive Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,249 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,249 Sqft ∙ Built 2003
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.75
    •  
  • 4909 Wildcreek Way Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 2005
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.69
    •  
  • 4901 Water Ridge Lane Fort Worth, TX 4
    • 3 beds 3 baths ∙ 2,272 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,272 Sqft ∙ Built 2005
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.77
    •  
PROPERTY LISTING DETAILS
Sharon Mcbee
Silversage Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14506034
Last Updated: 01/25/2021
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