Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

702 Amber Greenville, TX 75401

3 Beds 3 Baths 1,928 sqft Built 2021

$235,753

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $122.28
  • 5 Days on Market
  • MLS # : 14526060
  • Updated Date : 03/03/2021 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,928 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14526060 - Built by Altura Homes - March completion! ~ The Jade 4 is a very open and inviting floor plan. 3 bedroom, 2.5 baths and 2 car garage. Beautiful first floor which includes family room, 12 bath, study, kitchen with nook and island bar for extra seating. The 2nd story has a grand master suite with spa feel bath that has separate shower, water closet, Garden tub and vanity with dual sinks. Secondary bedrooms on second level completes with a full bath. Lots of room for gatherings and entertainment.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Zip Code: 75401

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $67k243k

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

Zip Code: 75401

ZipNIR Market*Market2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Travis Elementary School Primary Regular 356 26 3
6th Grade Center Middle Regular 318 25 3
Greenville High School High Regular 1,077 89 5

Travis Elementary School

  • Education Level: Primary
  • # of students: 356
  • # of teachers: 26
3
GreatSchools Rating

6th Grade Center

  • Education Level: Middle
  • # of students: 318
  • # of teachers: 25
3
GreatSchools Rating

Greenville High School

  • Education Level: High
  • # of students: 1,077
  • # of teachers: 89
5
GreatSchools Rating
 

$212,178$259,328$235,753

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$819
Property Tax -$530
Property Insurance -$139
HOA -$100
Property Management Fees -$99
CASH FLOW
$74

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$235,753

PROJECTED PRICE

$1,760

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$64,475

INVESTMENT

$64,475

Down Payment
$58,938
Rehab Estimate
$2,000
Closing Costs
$3,536

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$819

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,938
Loan Amount $176,815
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$13,674

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,769

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6953$1,7254$1,7255$1,760
$1,760
RENT COMPS ANALYSIS
  • 702 Amber Greenville, TX 5
    • 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 2021 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.91
    •  
  • 6529 Graceland Drive Greenville, TX 1
    • 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 2006
    LEASED 02/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 117 Arrowhead Drive Greenville, TX 2
    • 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2006
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.90
    •  
  • 632 Teakwood Drive Greenville, TX 3
    • 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2017
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.91
    •  
  • 619 Beechwood Drive Greenville, TX 4
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2017
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.95
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14526060
Last Updated: 03/03/2021
BESbswy