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716 Amber 
Greenville, TX
75401
3 Beds 3 Baths 1,450 sqft
Built 2020
INVESTimate
$195,094
List Price
$53,700
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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $134.55
- 3 Days on Market
- MLS # : 14419783
- Updated Date : 08/25/2020 at 16:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,450 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesusa.com
Listing Agent's Description
MLS# 14419783 - Built by Altura Homes - December completion! ~ This vibrant new community is just off the 380 & interstate 30 corridor, in the Greenville TX.. A very desirable proximity to schools, and shopping. Greenville is a vibrant and dynamic small town with a great big heart and lots of room to grow. Making this a wonderful place to call home! Perfect first time buyer townhome in a small, incredibly beautiful subdivision offers a serene setting. You will adore this family friendly floor plan and the quality of life it offers.
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
Zip Code: 75401
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75401
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,380 |
| EXPENSES | Loan Payment | -$720 |
| Property Tax | -$439 | |
| Property Insurance | -$111 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$88
|
||
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.
$195,094
PROJECTED PRICE
$1,380
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 8.89% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$53,700
LOAN DETAILS
$720
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $48,774 |
| Loan Amount | $146,321 |
2.08
YEARS SAVED
$3,248
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,381
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
716 Amber Greenville, TX 2
- 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,380
- $0.95
-
1421 Reiger Drive Greenville, TX 1
- 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 2014
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,350
- $0.97
-
1409 Jacksons Run Greenville, TX 3
- 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 2005
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,395
- $0.94
-
1417 Thibodaux Drive Greenville, TX 4
- 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2016
LEASED 09/28/19- Rent
- Rent Per SQFT
- $1,450
- $0.96
-
1410 Thibodaux Drive Greenville, TX 5
- 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2017
LEASED 04/16/20- Rent
- Rent Per SQFT
- $1,450
- $0.94
PROPERTY LISTING DETAILS
Homesusa.com
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419783
Last Updated: 08/25/2020
