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716 N Brents Avenue Sherman, TX 75090

4 Beds 2 Baths 1,292 sqft Built 1999

$179,900

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $139.24
  • 6 Days on Market
  • MLS # : 14464205
  • Updated Date : 11/03/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,292 sqft
  • Baths : 2 full
Listing Agent

Paragon Realtors

Listing Agent's Description

One step inside and the beauty begins! Beautiful 4 bedroom 2 bath home located within walking distance to Austin College. Luxury vinyl wood flooring throughout the home compliment the grey tone walls and crisp white trim. Flooring comes with a 10 yr wear guarantee. White cabinets in the kitchen are topped with sleek granite counter tops. Two pantries. Laundry area near the bedrooms for easy access. Four bedrooms provide plenty of space for family, home office, or craft rooms. Possibilities are endless! The Master bedroom has a private bathroom and walk in closet. A wooden fence surrounds the back yard so you can enjoy the private space. Please schedule a showing today! Buyers to verify all information.

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

Zip Code: 75090

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160kPrice in $52k166k

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

Zip Code: 75090

No Data Available.

* 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
Jefferson Elementary School Primary Regular 277 21 7
Dillingham Intermediate School Middle Regular 1,036 76 4
Sherman High School High Regular 1,780 119 5

Jefferson Elementary School

  • Education Level: Primary
  • # of students: 277
  • # of teachers: 21
7
GreatSchools Rating

Dillingham Intermediate School

  • Education Level: Middle
  • # of students: 1,036
  • # of teachers: 76
4
GreatSchools Rating

Sherman High School

  • Education Level: High
  • # of students: 1,780
  • # of teachers: 119
5
GreatSchools Rating
 

$161,910$197,890$179,900

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$664
Property Tax -$413
Property Insurance -$98
Property Management Fees -$99
CASH FLOW
$37

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.

$179,900

PROJECTED PRICE

$1,310

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 9.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,424

INVESTMENT

$53,424

Down Payment
$44,975
Rehab Estimate
$5,750
Closing Costs
$2,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,975
Loan Amount $134,925
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$7,982

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,253

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2503$1,3104$1,3255$1,325
$1,325
RENT COMPS ANALYSIS
  • 716 N Brents Avenue Sherman, TX 3
    • 4 beds 2 baths ∙ 1,292 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,292 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $1.01
    •  
  • 1417 N Hoard Avenue Sherman, TX 1
    • 3 beds 2 baths ∙ 1,251 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,251 Sqft ∙ Built 2014
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.92
    •  
  • 1721 N Brents Avenue Sherman, TX 2
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2018
    LEASED 05/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.96
    •  
  • 620 E Mcgee Street Sherman, TX 4
    • 3 beds 2 baths ∙ 1,347 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,347 Sqft ∙ Built 2019
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.98
    •  
  • 2128 E Mulberry Sherman, TX 5
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2019
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.02
    •  
PROPERTY LISTING DETAILS
Robin Phillips
Paragon Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464205
Last Updated: 11/03/2020
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