Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

835 Sherry Lane Krugerville, TX 76227

4 Beds 3 Baths 2,582 sqft Built 2002

$413,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $159.95
  • 3 Days on Market
  • MLS # : 14474097
  • Updated Date : 11/20/2020 at 08:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,582 sqft
  • Baths : 3 full
Listing Agent

Fathom Realty, Llc

Listing Agent's Description

Offering this Beautiful 4 bed 3 bath 3 car garage situated on a half acre lot, READY TO MOVE IN HOME! Step inside this single story home and you will notice the beautiful wood floor's and tall ceiling's throughout. 2 dining area's, Bonus room and an office space makes this home perfect for any home owner. Oversized living room With picturesque wood burning fireplace. This home is highlighted by an open kitchen with a quantity of cabinets, Skylight, and Island. Split Bedroom layout, Oversized Master bedroom and en suite, Guest bedrooms fit a king size bed in every room. Fresh carpet and paint makes this home perfect for the pickiest buyer. NO HOA, LRG backyard with covered patio. 45 min from DFW

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: Fairview Farms

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k336k

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

Neighborhood: Fairview Farms

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
Brockett Elementary School Primary Regular 500 30 7
Aubrey Middle School Middle Regular 484 29 7
Aubrey High School High Regular 585 36 6

Brockett Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 30
7
GreatSchools Rating

Aubrey Middle School

  • Education Level: Middle
  • # of students: 484
  • # of teachers: 29
7
GreatSchools Rating

Aubrey High School

  • Education Level: High
  • # of students: 585
  • # of teachers: 36
6
GreatSchools Rating
 

$371,700$454,300$413,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,524
Property Tax -$759
Property Insurance -$176
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 15% of earned rent to cover both maintenance and periods of vacancy.

$413,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,195

INVESTMENT

$115,195

Down Payment
$103,250
Rehab Estimate
$5,750
Closing Costs
$6,195

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,524

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,250
Loan Amount $309,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,329

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,208

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$1,9953$2,230
$2,230
RENT COMPS ANALYSIS
  • 835 Sherry Lane Krugerville, TX 3
    • 5 beds 3 baths ∙ 2,582 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,582 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.86
    •  
  • 1250 Acmite Avenue Cross Roads, TX 1
    • 4 beds 3 baths ∙ 2,372 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,372 Sqft ∙ Built 2018
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.83
    •  
  • 1008 Diane Street Aubrey, TX 2
    • 4 beds 2 baths ∙ 2,272 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,272 Sqft ∙ Built 2003
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.88
    •  
PROPERTY LISTING DETAILS
Curtis Petersen
Fathom Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474097
Last Updated: 11/20/2020
BESbswy