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709 Auburn Court Savannah, TX 76227

5 Beds 4 Baths 2,930 sqft Built 2014

$369,900

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $126.25
  • 2 Days on Market
  • MLS # : 14505844
  • Updated Date : 01/30/2021 at 16:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,930 sqft
  • Baths : 4 full
Listing Agent

Denton County Property Mgmt, Inc

Listing Agent's Description

** MULTIPLE OFFERS RECEIVED. BEST AND FINAL OFFERS ARE DUE SUNDAY, 1-31-2021 BY 3:00 PM. ** Beautiful, open 5-4-2 in Savannah with upgrades throughout, built in 2014 with FOUR FULL BATHS! New carpet and laminate wood floors in January 2021! Open kitchen has granite, stainless appliances, gas stove, decorative lighting, island bar. Living room has vaulted ceilings, and Austin stone fireplace! Master bedroom is down with separate granite sinks, separate shower, and walk-in closet! Downstairs guest bathroom has a dedicated bath with easy-access shower. Owner pays HOA dues. Wonderful amenities in Savannah, including parks, pools, community center!

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: Savannah

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Savannah

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
Savannah Elementary School Primary Regular 640 42 6
Navo Middle School Middle Regular 1,077 65 7
Denton High School High Regular 2,166 140 6

Savannah Elementary School

  • Education Level: Primary
  • # of students: 640
  • # of teachers: 42
6
GreatSchools Rating

Navo Middle School

  • Education Level: Middle
  • # of students: 1,077
  • # of teachers: 65
7
GreatSchools Rating

Denton High School

  • Education Level: High
  • # of students: 2,166
  • # of teachers: 140
6
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,285
Property Tax -$842
Property Insurance -$197
HOA -$71
Property Management Fees -$99
CASH FLOW
-$153

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.

$369,900

PROJECTED PRICE

$2,340

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$5,614

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,285

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,2953$2,3404$2,5505$2,575
$2,575
RENT COMPS ANALYSIS
  • 709 Auburn Court Savannah, TX 3
    • 5 beds 4 baths ∙ 2,930 Sqft ∙ Built 2014 5 beds 4 baths ∙ 2,930 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.80
    •  
  • 1045 Holly Anne Lane Aubrey, TX 1
    • 4 beds 3 baths ∙ 2,830 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,830 Sqft ∙ Built 2015
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.70
    •  
  • 705 Lighthouse Lane Savannah, TX 2
    • 5 beds 3 baths ∙ 3,065 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,065 Sqft ∙ Built 2013
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.75
    •  
  • 1044 Marietta Lane Aubrey, TX 4
    • 5 beds 3 baths ∙ 3,062 Sqft ∙ Built 2015 5 beds 3 baths ∙ 3,062 Sqft ∙ Built 2015
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.83
    •  
  • 1001 Marietta Lane Aubrey, TX 5
    • 4 beds 3 baths ∙ 3,062 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,062 Sqft ∙ Built 2014
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $0.84
    •  
PROPERTY LISTING DETAILS
Paul Ilami
Denton County Property Mgmt, Inc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505844
Last Updated: 01/30/2021
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