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721 Auburn Court Savannah, TX 76227

4 Beds 4 Baths 3,413 sqft Built 2014

$479,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $140.35
  • 4 Days on Market
  • MLS # : 14506414
  • Updated Date : 01/30/2021 at 15:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,413 sqft
  • Baths : 3 full , 1 half
Listing Agent

Fathom Realty, Llc

Listing Agent's Description

Chip and Joanna Gaines inspired and executed beautifully! Meticulously maintained! Kitchen remodeled this year with new quartz countertops, sink, custom lighting and touch less faucet! The master bath has been totally updated with gorgeous claw foot tub and frameless shower! Custom molding on all downstair doorways! Custom cabinets with pull out drawers, custom pantry with additional storage and custom doors! Plantation shutters and custom draperies for the floor to ceiling windows. Back yard includes total privacy, adorable patio with pergola and vines. Front office includes plantation shutters, glass french doors and crown molding. The community park is steps away. Every update has already been done for you

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
 

$431,100$526,900$479,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,664
Property Tax -$1,090
Property Insurance -$224
HOA -$71
Property Management Fees -$99
CASH FLOW
-$668

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.

$479,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.52%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,664

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$16

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,654

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4803$2,6004$2,8005$2,995
$2,995
RENT COMPS ANALYSIS
  • 721 Auburn Court Savannah, TX 2
    • 4 beds 4 baths ∙ 3,413 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,413 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.73
    •  
  • 1218 Long Leaf Drive Savannah, TX 1
    • 4 beds 3 baths ∙ 3,487 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,487 Sqft ∙ Built 2010
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.69
    •  
  • 2004 State Street Aubrey, TX 3
    • 5 beds 3 baths ∙ 3,585 Sqft ∙ Built 2016 5 beds 3 baths ∙ 3,585 Sqft ∙ Built 2016
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.73
    •  
  • 4520 Canopy Street Little Elm, TX 4
    • 4 beds 4 baths ∙ 3,277 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,277 Sqft ∙ Built 2017
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.85
    •  
  • 825 Patio Street Little Elm, TX 5
    • 4 beds 4 baths ∙ 3,568 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,568 Sqft ∙ Built 2015
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.84
    •  
PROPERTY LISTING DETAILS
Sarah Hamilton
Fathom Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14506414
Last Updated: 01/30/2021
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