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

713 Gull Circle Saginaw, TX 76131

5 Beds 3 Baths 2,410 sqft Built 2002

$270,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $112.03
  • 5 Days on Market
  • MLS # : 14467639
  • Updated Date : 11/12/2020 at 16:02
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,410 sqft
  • Baths : 3 full
Listing Agent

Chandler Crouch, Realtors

Listing Agent's Description

This gorgeous one owner home is ready for you! Located on a quiet cul-de-sac, and only one block away from the park and community pool, this home is perfectly located. You will fall in love as you walk in with the gorgeous new laminate wood flooring. The brick fireplace and vaulted ceiling with ceiling beam add extra character and provide a great place for the family to come together. The master suite is perfect to relax in with a garden tub, separate shower, and dual vanities. The backyard is huge and includes the jacuzzi on the covered back patio. This is a fantastic find and you don't want to miss it!

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: Heather Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $114k243k

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

Neighborhood: Heather Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11031734

* 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
High Country Elementary School Primary Regular 633 35 6
Highland Middle School Middle Regular 815 54 7
Saginaw High School High Regular 1,785 113 6

High Country Elementary School

  • Education Level: Primary
  • # of students: 633
  • # of teachers: 35
6
GreatSchools Rating

Highland Middle School

  • Education Level: Middle
  • # of students: 815
  • # of teachers: 54
7
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$996
Property Tax -$586
Property Insurance -$166
HOA -$20
Property Management Fees -$99
CASH FLOW
-$48

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.

$270,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.2%
Maintenance Year (1-5) 8.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,373

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,862

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,8204$1,8755$1,875
$1,875
RENT COMPS ANALYSIS
  • 713 Gull Circle Saginaw, TX 3
    • 5 beds 3 baths ∙ 2,410 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,410 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.76
    •  
  • 821 Flamingo Drive Saginaw, TX 1
    • 5 beds 3 baths ∙ 2,266 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,266 Sqft ∙ Built 2005
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.73
    •  
  • 1000 Peacock Drive Saginaw, TX 2
    • 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2001
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.75
    •  
  • 1105 Iron Horse Drive Saginaw, TX 4
    • 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 1999
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.82
    •  
  • 609 Redwing Drive Saginaw, TX 5
    • 4 beds 2 baths ∙ 2,362 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,362 Sqft ∙ Built 2006
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.79
    •  
PROPERTY LISTING DETAILS
Chandler Crouch
Chandler Crouch, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467639
Last Updated: 11/12/2020
BESbswy