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

8818 Spaugh Court White Settlement, TX 76108

3 Beds 2 Baths 1,186 sqft Built 1983

$199,999

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $168.63
  • 4 Days on Market
  • MLS # : 14492013
  • Updated Date : 12/31/2020 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,186 sqft
  • Baths : 1 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Cute home with large private backyard. Come by and take a look at this gem of a find. Located just off of 820 and close to shopping and dining. Home features a new roof just recently installed back in Sept. AC installed in June 2019. New flooring throughout. New lighting and fixtures and newer fans throughout the home as well. Home has good space for growing family and backyard to hos large parties or the perfect space to build your private retreat in. Bring your buyers to see this one before it is gone (Property is listed as two separate homes on the tax roll, 8820 Spaugh, is the property to the left of the driveway in back)

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: White Settlement Gardens

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $73k243k

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

Neighborhood: White Settlement Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8311734

* 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
North Elementary School Primary Regular 840 44 6
Brewer Middle School Middle Regular 986 55 6
Brewer Middle School High Regular 986 55 6

North Elementary School

  • Education Level: Primary
  • # of students: 840
  • # of teachers: 44
6
GreatSchools Rating

Brewer Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating

Brewer Middle School

  • Education Level: High
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating
 

$179,999$219,999$199,999

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$738
Property Tax -$479
Property Insurance -$96
Property Management Fees -$99
CASH FLOW
-$122

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.

$199,999

PROJECTED PRICE

$1,290

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,000
Loan Amount $149,999
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,425

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,216

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2903$1,3954$1,3955$1,475
$1,475
RENT COMPS ANALYSIS
  • 8818 Spaugh Court White Settlement, TX 2
    • 3 beds 2 baths ∙ 1,186 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,186 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $1.09
    •  
  • 9020 Rowland Drive White Settlement, TX 1
    • 4 beds 2 baths ∙ 1,152 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,152 Sqft ∙ Built 1999
    property image
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.00
    •  
  • 405 Allencrest Drive White Settlement, TX 3
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1985
    property image
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.02
    •  
  • 408 Allencrest Drive White Settlement, TX 4
    • 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1985
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.06
    •  
  • 500 Branch Circle White Settlement, TX 5
    • 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1965
    property image
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.02
    •  
PROPERTY LISTING DETAILS
Matthew Crites
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492013
Last Updated: 12/31/2020
BESbswy