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7959 Fm 2728 Terrell, TX 75161

3 Beds 3 Baths 2,286 sqft Built 2006

$539,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $235.78
  • 6 Days on Market
  • MLS # : 14504047
  • Updated Date : 01/26/2021 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,286 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Beautiful, and Meticulously maintained Satterwhite Log home, sits on 2 ac, and features a 6 ac shared lake, Wrap around porches, 20x20 work shop with water and elect, and a storage shed with elect. Custom rock fireplace with blower, soaring vaulted ceiling, and lots of windows for natural light. Kitchen overlooks family room, breakfast bar with beautiful granite counters, built in appliances and walk in pantry. Large laundry w sink. Great size rooms, including second living office or game room. Nice master with his and hers closet and walk in shower. Guest room has on suite. enjoy your coffee overlooking lake. Bradford pear trees line the long concreate drive, plenty of room for RV Or Boat. easy access to I-20.

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: Farm View Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Farm View Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9451840

* 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
W. H. Burnett Elementary School Primary Regular 595 32 NA
Herman Furlough Jr. Middle School Middle Regular 593 41 4
Terrell High School High Regular 1,087 79 3

W. H. Burnett Elementary School

  • Education Level: Primary
  • # of students: 595
  • # of teachers: 32
NA
GreatSchools Rating

Herman Furlough Jr. Middle School

  • Education Level: Middle
  • # of students: 593
  • # of teachers: 41
4
GreatSchools Rating

Terrell High School

  • Education Level: High
  • # of students: 1,087
  • # of teachers: 79
3
GreatSchools Rating
 

$485,100$592,900$539,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,872
Property Tax -$1,388
Property Insurance -$159
Property Management Fees -$99
CASH FLOW
-$1,599

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.

$539,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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-$25k-$20k-$15k-$10k-$5.0k$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$148,585

INVESTMENT

$148,585

Down Payment
$134,750
Rehab Estimate
$5,750
Closing Costs
$8,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,872

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $134,750
Loan Amount $404,250
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$6,235

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,737

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,920
$1,920
RENT COMPS ANALYSIS
  • 7959 Fm 2728 Terrell, TX 2
    • 3 beds 3 baths ∙ 2,286 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,286 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.84
    •  
  • 1154 Anglin Way Terrell, TX 1
    • 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2008
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.76
    •  
PROPERTY LISTING DETAILS
Julie Henderson
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504047
Last Updated: 01/26/2021
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