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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $135.22
- 1 Days on Market
- MLS # : 14488916
- Updated Date : 12/20/2020 at 00:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,590 sqft
- Baths : 2 full
Listing Agent
Kile Properties
Listing Agent's Description
Beautiful less than one year old, 3 bed, 2 bath home with open concept. Kitchen has laminate wood floors, granite countertops, tons of cabinets, corner pantry, and under mount cabinet lighting. Nice backyard with covered porch. Located in Sunset Crossings. This is a well established and stable neighborhood close to shopping, restaurants, great schools and churches. Easy access to highway 75 and FM 1417. This is a perfect spot for growing families and families who commute to the DFW area, but want to stay in a smaller town.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Zip Code: 75092
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75092
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$793 |
| Property Tax | -$493 | |
| Property Insurance | -$114 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$71
|
||
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.
$215,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 6.1% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.00% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$58,975
LOAN DETAILS
$793
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $53,750 |
| Loan Amount | $161,250 |
4.5
YEARS SAVED
$11,447
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,578
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
705 Blanton Drive Sherman, TX 5
- 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 2019
![property image]()
- Rent
- Rent Per SQFT
- $1,570
- $0.99
-
823 N Branch Street Sherman, TX 1
- 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 2018
![property image]()
LEASED 10/27/19- Rent
- Rent Per SQFT
- $1,325
- $0.98
-
2219 Shady Oaks Lane Sherman, TX 2
- 3 beds 2 baths ∙ 1,479 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,479 Sqft ∙ Built 2017
![property image]()
LEASED 01/02/20- Rent
- Rent Per SQFT
- $1,450
- $0.98
-
2105 Shady Oaks Lane Sherman, TX 3
- 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 2017
![property image]()
LEASED 11/26/19- Rent
- Rent Per SQFT
- $1,475
- $1.01
-
315 E Brockett Street Sherman, TX 4
- 4 beds 2 baths ∙ 1,526 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,526 Sqft ∙ Built 2017
![property image]()
LEASED 08/12/20- Rent
- Rent Per SQFT
- $1,525
- $1.00
PROPERTY LISTING DETAILS
Kile Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488916
Last Updated: 12/20/2020
