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679 Naylor Road Sherman, TX 75092

3 Beds 3 Baths 2,447 sqft Built 2003

$250,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $102.17
  • 2 Days on Market
  • MLS # : 14508345
  • Updated Date : 01/30/2021 at 15:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,447 sqft
  • Baths : 2 full , 1 half
Listing Agent

C-21 Dean Gilbert, Realtors

Listing Agent's Description

.. Location Location Location! Sherman, Whitesboro , Frisco, and McKinney are only minutes away! Also Hagerman NATIONAL Wildlife Refuge. The wonderful playground known as Lake Texoma and several casinos are just minutes to the North. Beautiful wooded 1 acre lot with lots of trees and nothing but nature behind this home. Large deck on back and huge covered front porch to enjoy nature and the great Texas weather. Nice open living area to the kitchen and dining room. The dining room could be an office, study, or other. Crown molding throughout. This home hasn't been remodeled since it was built but is Priced to allow new owner to decorate in their own style. PROPERTY IN FLOOD ZONE.

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: 75092

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170k180k190kPrice in $60k199k

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

Zip Code: 75092

No Data Available.

* 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 And S Cons Elementary School Primary Regular 383 26 4
S And S Cons Middle School Middle Regular 190 14 6
S And S Cons High School High Regular 268 25 5

S And S Cons Elementary School

  • Education Level: Primary
  • # of students: 383
  • # of teachers: 26
4
GreatSchools Rating

S And S Cons Middle School

  • Education Level: Middle
  • # of students: 190
  • # of teachers: 14
6
GreatSchools Rating

S And S Cons High School

  • Education Level: High
  • # of students: 268
  • # of teachers: 25
5
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$868
Property Tax -$474
Property Insurance -$160
Property Management Fees -$99
CASH FLOW
$339

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.

$250,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$35,375

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,210

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,940
1$1,9402$2,0003$2,2504$2,250
$2,250
RENT COMPS ANALYSIS
  • 679 Naylor Road Sherman, TX 1
    • 3 beds 3 baths ∙ 2,447 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,447 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.79
    •  
  • 3015 Preston Club Drive Sherman, TX 2
    • 3 beds 3 baths ∙ 2,179 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,179 Sqft ∙ Built 2007
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.92
    •  
  • 3112 Preston Club Drive Sherman, TX 3
    • 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 2010
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.90
    •  
  • 3205 Preston Club Drive Sherman, TX 4
    • 3 beds 3 baths ∙ 2,528 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,528 Sqft ∙ Built 2009
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.89
    •  
PROPERTY LISTING DETAILS
Ben Williams
C-21 Dean Gilbert, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508345
Last Updated: 01/30/2021
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