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722 La Paloma Road Sanger, TX 76266

3 Beds 2 Baths 2,191 sqft Built 2019

$349,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $159.29
  • 3 Days on Market
  • MLS # : 14512838
  • Updated Date : 02/06/2021 at 19:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,191 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful home that is only 1 year old! This lovely one story home is impeccable, lovingly maintained and elegantly designed. You will find stainless steel appliances, subway style backsplash, and glass front cabinets in the kitchen. Open floor plan of the living spaces looking out into the backyard has a lot of natural light filling the spaces, making them the perfect place to entertain. Laundry room is located off the master closet for convenience. The custom built workshop is 10 by 12, brick front and has electricity. Ceramic wood look tile through out except for bedrooms. Office has beautiful wood trimmed French doors, hall bath has tiled arch over tub and a covered patio with ceiling fan.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Ranger Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $94k336k

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

Neighborhood: Ranger Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800190020002100Rent in $7772171

* 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
Butterfield Elementary School Primary Regular 501 32 7
Sanger Middle School Middle Regular 415 28 6
Sanger High School High Regular 796 52 5

Butterfield Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 32
7
GreatSchools Rating

Sanger Middle School

  • Education Level: Middle
  • # of students: 415
  • # of teachers: 28
6
GreatSchools Rating

Sanger High School

  • Education Level: High
  • # of students: 796
  • # of teachers: 52
5
GreatSchools Rating
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,212
Property Tax -$662
Property Insurance -$154
Property Management Fees -$99
CASH FLOW
-$457

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.

$349,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.9%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$48

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,895

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,670
1$1,6702$1,6953$1,7004$1,8505$1,950
$1,950
RENT COMPS ANALYSIS
  • 722 La Paloma Road Sanger, TX 1
    • 3 beds 2 baths ∙ 2,191 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,191 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.76
    •  
  • 311 Quail Crossing Drive Sanger, TX 2
    • 4 beds 3 baths ∙ 1,955 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,955 Sqft ∙ Built 2004
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.87
    •  
  • 41 Kramer Lane Sanger, TX 3
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 2016
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
  • 28 Heron Drive Sanger, TX 4
    • 4 beds 3 baths ∙ 2,189 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,189 Sqft ∙ Built 2015
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
  • 4013 Park Lane Sanger, TX 5
    • 3 beds 3 baths ∙ 2,215 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,215 Sqft ∙ Built 2019
    property image
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.88
    •  
PROPERTY LISTING DETAILS
Chrissy Mallouf
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14512838
Last Updated: 02/06/2021
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