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809 Hartsfield Street Savannah, TX 76227

4 Beds 3 Baths 3,062 sqft Built 2014

$339,900

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $111.01
  • 6 Days on Market
  • MLS # : 14518128
  • Updated Date : 02/27/2021 at 18:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,062 sqft
  • Baths : 2 full , 1 half
Listing Agent

Truhome Real Estate

Listing Agent's Description

Beautiful open concept floorplan in highly desired community of Savannah! Enjoy the wood floors, formal dining room, office space, kitchen with granite counters, large island with breakfast bar, 42 inch cabinets and a butlers pantry. Flexible space in upstairs loft. All wet areas are upgraded to ceramic tile flooring. Master bathroom has double sinks, separate shower and garden tub. Sit and enjoy a view of the catch and release pond and Savannah's 4th of July fireworks from your very own balcony! Walking distance to Savannah Elementary.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Georgia Village at Savannah

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Georgia Village at Savannah

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Savannah Elementary School Primary Regular 640 42 6
Navo Middle School Middle Regular 1,077 65 7
Denton High School High Regular 2,166 140 6

Savannah Elementary School

  • Education Level: Primary
  • # of students: 640
  • # of teachers: 42
6
GreatSchools Rating

Navo Middle School

  • Education Level: Middle
  • # of students: 1,077
  • # of teachers: 65
7
GreatSchools Rating

Denton High School

  • Education Level: High
  • # of students: 2,166
  • # of teachers: 140
6
GreatSchools Rating
 

$305,910$373,890$339,900

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,181
Property Tax -$773
Property Insurance -$204
HOA -$71
Property Management Fees -$99
CASH FLOW
-$28

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.

$339,900

PROJECTED PRICE

$2,300

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$11,291

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,457

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,3003$2,4504$2,5505$2,575
$2,575
RENT COMPS ANALYSIS
  • 809 Hartsfield Street Savannah, TX 2
    • 4 beds 3 baths ∙ 3,062 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,062 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.75
    •  
  • 1009 Grey Fox Drive Savannah, TX 1
    • 4 beds 3 baths ∙ 2,924 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,924 Sqft ∙ Built 2006
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.74
    •  
  • 1101 Marietta Lane Aubrey, TX 3
    • 4 beds 4 baths ∙ 3,062 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,062 Sqft ∙ Built 2015
    LEASED 09/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.80
    •  
  • 1044 Marietta Lane Aubrey, TX 4
    • 5 beds 3 baths ∙ 3,062 Sqft ∙ Built 2015 5 beds 3 baths ∙ 3,062 Sqft ∙ Built 2015
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.83
    •  
  • 1001 Marietta Lane Aubrey, TX 5
    • 4 beds 3 baths ∙ 3,062 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,062 Sqft ∙ Built 2014
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $0.84
    •  
PROPERTY LISTING DETAILS
Milan Titus
Truhome Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14518128
Last Updated: 02/27/2021
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