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808 Hemlock Trail Saginaw, TX 76131

4 Beds 2 Baths 2,438 sqft Built 2003

$316,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $129.98
  • 5 Days on Market
  • MLS # : 14499520
  • Updated Date : 01/15/2021 at 18:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,438 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Come see this beautifully updated gem! This 4 bedroom, 2 full bathroom home has been updated with new carpet, paint throughout, new kitchen tile flooring, and a water heater! Darling drive-up appeal with a cozy front porch to relax and watch the neighbors drive by. The gourmet kitchen features dark cabinetry, under-mount dual sink and is open to the light and bright breakfast nook and living room. The peaceful primary bedroom is very spacious with high ceilings and an en-suite bathroom that features dual vanities, a soothing garden tub with a separate shower, and a nice walk-in closet with built-ins. Step out to the backyard and be impressed with the awesome pergola and extended patio!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Creekwood

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k286k

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

Neighborhood: Creekwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9191858

* 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
Comanche Springs Elementary School Primary Regular 586 34 5
Prairie Vista Middle School Middle Regular 866 53 5
Saginaw High School High Regular 1,785 113 6

Comanche Springs Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 34
5
GreatSchools Rating

Prairie Vista Middle School

  • Education Level: Middle
  • # of students: 866
  • # of teachers: 53
5
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$285,210$348,590$316,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,101
Property Tax -$688
Property Insurance -$168
HOA -$42
Property Management Fees -$99
CASH FLOW
-$328

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.

$316,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 4.2%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,729

INVESTMENT

$89,729

Down Payment
$79,225
Rehab Estimate
$5,750
Closing Costs
$4,754

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,101

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,225
Loan Amount $237,675
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$315

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,835

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7703$1,8004$1,8155$1,850
$1,850
RENT COMPS ANALYSIS
  • 808 Hemlock Trail Saginaw, TX 2
    • 3 beds 2 baths ∙ 2,438 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,438 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.73
    •  
  • 1000 Peacock Drive Saginaw, TX 1
    • 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2001
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.75
    •  
  • 8532 Cactus Flower Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2002
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.79
    •  
  • 1164 Union Drive Saginaw, TX 4
    • 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 1995
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,815
    • $0.73
    •  
  • 1300 Pepperidge Lane Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,514 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,514 Sqft ∙ Built 2006
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.74
    •  
PROPERTY LISTING DETAILS
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14499520
Last Updated: 01/15/2021
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