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841 Sandbox Drive Little Elm, TX 76227

3 Beds 2 Baths 2,208 sqft Built 2016

$349,900

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $158.47
  • 2 Days on Market
  • MLS # : 14501029
  • Updated Date : 01/16/2021 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,208 sqft
  • Baths : 2 full
Listing Agent

The Real Estate Company

Listing Agent's Description

Beautiful home with all the features. Home includes stainless steel appliances with granite counter tops. It has 3 Bedrooms and 2 baths, study, dining and covered patio. For a list of all the neighborhood amenities included with this amazing home please visit, www.unionparkbyhillwood.com

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: Union Park

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Union Park

ZipNIR 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
 

$314,910$384,890$349,900

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 -$1,215
Property Tax -$734
Property Insurance -$155
HOA -$9
Property Management Fees -$99
CASH FLOW
$18

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.

$349,900

PROJECTED PRICE

$2,230

PROJECTED RENT

0.64%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$16,492

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
  • $1.01

    LIST RENT PER SQFT
  • $2,076

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9953$1,9954$2,2305$2,300
$2,300
RENT COMPS ANALYSIS
  • 841 Sandbox Drive Little Elm, TX 4
    • 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $1.01
    •  
  • 844 Countryside Way Little Elm, TX 1
    • 3 beds 2 baths ∙ 2,081 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,081 Sqft ∙ Built 2016
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
  • 1513 Habersham Street Aubrey, TX 2
    • 3 beds 2 baths ∙ 2,261 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,261 Sqft ∙ Built 2017
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.88
    •  
  • 708 Lighthouse Lane Savannah, TX 3
    • 4 beds 2 baths ∙ 2,041 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,041 Sqft ∙ Built 2013
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.98
    •  
  • 861 Countryside Way Little Elm, TX 5
    • 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 2016
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.04
    •  
PROPERTY LISTING DETAILS
Kimberly Cain
The Real Estate Company
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14501029
Last Updated: 01/16/2021
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