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808 White Buffalo Lane Heath, TX 75032

4 Beds 4 Baths 3,862 sqft Built 2000

$650,000

List Price

$3,580

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $168.31
  • 2 Days on Market
  • MLS # : 14527133
  • Updated Date : 03/06/2021 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,862 sqft
  • Baths : 4 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Beautiful custom home in Buffalo Creek-2 bedrooms on 1st floor+2 bedrooms, study, gameroom & separate cubby area on 2nd floor-perfect for ZOOM meetings or virtual learning w-built-in desk+bookcases! Wood floors+gorgeous stone fireplace hilite spacious family room overlooking huge backyard w-tons of patio areas, pool w-waterfall+spa. Open kitchen offers great counter space, Bosch dishwasher, tons of cabinets, island w-sink, dble ovens+pantry. Private master suite w-separate vanities, jetted tub, separate shower+walk-in closet. 2 secondary bedrooms upstairs share Jack-n-Jill Bath, oversized gameroom also has private full bath. Solid core doors downstairs, split staircase, butler's pantry, updated roof & gutters.

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: Buffalo Creek

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Buffalo Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263597

* 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
Cain Middle School Middle Regular 941 50 7
Rockwall-heath High School High Regular 2,200 119 8
Cain Middle School Middle Unknown NA

Cain Middle School

  • Education Level: Middle
  • # of students: 941
  • # of teachers: 50
7
GreatSchools Rating

Rockwall-heath High School

  • Education Level: High
  • # of students: 2,200
  • # of teachers: 119
8
GreatSchools Rating

Cain Middle School

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

$585,000$715,000$650,000

PURCHASE PRICE

$3,222$3,938$3,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,580
EXPENSES Loan Payment -$2,258
Property Tax -$1,163
Property Insurance -$250
HOA -$54
Property Management Fees -$99
CASH FLOW
-$244

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.

$650,000

PROJECTED PRICE

$3,580

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 3.1%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$12,747

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,580

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $3,630

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$3,575
1$3,5752$3,5803$3,600
$3,600
RENT COMPS ANALYSIS
  • 808 White Buffalo Lane Heath, TX 2
    • 4 beds 4 baths ∙ 3,862 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,862 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,580
    • $0.93
    •  
  • 1815 Morrish Lane Heath, TX 1
    • 4 beds 4 baths ∙ 3,883 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,883 Sqft ∙ Built 1999
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,575
    • $0.92
    •  
  • 20 Center Court Heath, TX 3
    • 5 beds 5 baths ∙ 3,750 Sqft ∙ Built 2013 5 beds 5 baths ∙ 3,750 Sqft ∙ Built 2013
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.96
    •  
PROPERTY LISTING DETAILS
Dell Osborn
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14527133
Last Updated: 03/06/2021
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