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PROPERTY INFO
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
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Heather Ridge Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,300
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
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
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713 Gull Circle Saginaw, TX 3
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821 Flamingo Drive Saginaw, TX 1
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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, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14467639
Last Updated: 11/12/2020
