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748 Bridle Trail Saginaw, TX 76179

5 Beds 3 Baths 2,692 sqft Built 2001

$297,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $110.33
  • 4 Days on Market
  • MLS # : 14531152
  • Updated Date : 03/13/2021 at 18:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,692 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Multiple offers rec'd. Asking for highest and best offers by Sat., March 13th at 6PM. Thanks! Spacious Living in Saginaw! Looking for a home where everyone has their own space? Look no further than this beautiful home in Whisperwood Estates! With five bedrooms and two and a half baths, there's plenty of room for everyone to enjoy a little private time or gather together! This open and airy home also has many smart features, so you can remotely control lighting, temperature and security. Lovingly maintained with a new roof and exterior paint in 2020, HVAC units in 2018. The front door, fencing and golf course-like Bermuda sod in the front yard are all recent additions. Eagle MT-Saginaw ISD schools.

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: Whisperwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $115k243k

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

Neighborhood: Whisperwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100115012001250130013501400145015001550160016501700Rent in $10921734

* 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
Willow Creek Elementary School Primary Regular 715 43 4
Boswell High School High Regular 1,605 106 7
Boswell High School High Unknown NA

Willow Creek Elementary School

  • Education Level: Primary
  • # of students: 715
  • # of teachers: 43
4
GreatSchools Rating

Boswell High School

  • Education Level: High
  • # of students: 1,605
  • # of teachers: 106
7
GreatSchools Rating

Boswell High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$267,300$326,700$297,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,032
Property Tax -$645
Property Insurance -$183
Property Management Fees -$99
CASH FLOW
-$48

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.

$297,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$84,455

INVESTMENT

$84,455

Down Payment
$74,250
Rehab Estimate
$5,750
Closing Costs
$4,455

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,032

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,250
Loan Amount $222,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$9,200

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,851

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$1,7504$1,7955$1,910
$1,910
RENT COMPS ANALYSIS
  • 748 Bridle Trail Saginaw, TX 5
    • 5 beds 3 baths ∙ 2,692 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,692 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.71
    •  
  • 4909 Wildcreek Way Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 2005
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.69
    •  
  • 4900 Parkrise Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,572 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,572 Sqft ∙ Built 2006
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.68
    •  
  • 4861 Parkview Hills Lane Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2004
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.68
    •  
  • 4948 Creek Ridge Trail Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2005
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.70
    •  
PROPERTY LISTING DETAILS
Linn Mcauliffe
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531152
Last Updated: 03/13/2021
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