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7811 Cypress Greenville, TX 75402

3 Beds 2 Baths 1,812 sqft Built 2020

$251,391

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $138.74
  • 3 Days on Market
  • MLS # : 14466939
  • Updated Date : 11/06/2020 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,812 sqft
  • Baths : 2 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14466939 - Built by Altura Homes - December completion! ~ Cypress is a single-story home with three bedrooms two bathrooms study and two car garage sprawling family room the open kitchen with Island leads into a naturally bright nook and corner walk in pantry perfectly stunning master is Tucked away with spa like bathroom features garden tub separate shower his and hers large walk-in closets.. Designed with you in mind designer colors throughout and includes gas range, granite countertops, ceramic tile, carpet and pad, full side sprinkler fence with beautiful stone elevation energy saving features include tankless water heater radiant barrier decking vinyl window windows plus more.

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: 75402

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $68k243k

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

Zip Code: 75402

ZipNIR Market*Market2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Lamar Elementary School Primary Regular 594 39 5
Greenville Middle School Middle Regular 687 46 5
Greenville High School High Regular 1,077 89 5

Lamar Elementary School

  • Education Level: Primary
  • # of students: 594
  • # of teachers: 39
5
GreatSchools Rating

Greenville Middle School

  • Education Level: Middle
  • # of students: 687
  • # of teachers: 46
5
GreatSchools Rating

Greenville High School

  • Education Level: High
  • # of students: 1,077
  • # of teachers: 89
5
GreatSchools Rating
 

$226,252$276,530$251,391

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$928
Property Tax -$565
Property Insurance -$132
HOA -$10
Property Management Fees -$99
CASH FLOW
-$44

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$251,391

PROJECTED PRICE

$1,690

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,619

INVESTMENT

$68,619

Down Payment
$62,848
Rehab Estimate
$2,000
Closing Costs
$3,771

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$928

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,848
Loan Amount $188,543
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$9,271

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,690

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6903$1,6954$1,7255$1,725
$1,725
RENT COMPS ANALYSIS
  • 7811 Cypress Greenville, TX 2
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.93
    •  
  • 603 Redwood Drive Greenville, TX 1
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 2019
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.97
    •  
  • 117 Arrowhead Drive Greenville, TX 3
    • 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2006
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.90
    •  
  • 632 Teakwood Drive Greenville, TX 4
    • 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2017
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.91
    •  
  • 619 Beechwood Drive Greenville, TX 5
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2017
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.95
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466939
Last Updated: 11/06/2020
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