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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $118.19
- 4 Days on Market
- MLS # : 14513304
- Updated Date : 02/04/2021 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,326 sqft
- Baths : 2 full , 1 half
Listing Agent
Oyezz Real Estate
Listing Agent's Description
Charming brick home in a Great west Sherman neighborhood! Its on a beautiful and quiet block and comes with a 2 car attached garage, 2 HVAC zones, solar screens and a 3 year old roof. Home is freshly painted and includes living room with tray ceiling, fireplace and 3 dining areas. Master bathroom with jet tub, separate shower and walk-in closet. The finished bonus room upstairs can be used as an office, game room, theatre or additional bedroom. Large fenced in yard with brick patio great for entertaining. Right across from cul-de-sac and only minutes away from HWY 75, Stone Creek Golf Club, restaurants and shopping. Don't miss out on this one!
SEE MORE
- 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
Zip Code: 75092
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75092
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$630 | |
| Property Insurance | -$154 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$108
|
||
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.
$274,900
PROJECTED PRICE
$1,730
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 6.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.00% |
| 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
$78,599
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,725 |
| Loan Amount | $206,175 |
1.33
YEARS SAVED
$1,933
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,853
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
723 Clay Lane Sherman, TX 1
- 3 beds 3 baths ∙ 2,326 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,326 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,730
- $0.74
-
4101 Cardinal Drive Sherman, TX 2
- 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2004
LEASED 08/12/19- Rent
- Rent Per SQFT
- $1,750
- $0.76
-
4105 Cardinal Drive Sherman, TX 3
- 4 beds 3 baths ∙ 2,395 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,395 Sqft ∙ Built 2003
LEASED 09/30/20- Rent
- Rent Per SQFT
- $1,800
- $0.75
-
2904 Sedalia Trail Sherman, TX 4
- 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2014
LEASED 07/20/20- Rent
- Rent Per SQFT
- $2,200
- $0.88
PROPERTY LISTING DETAILS
Oyezz Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14513304
Last Updated: 02/04/2021
