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901 Robin Drive Saginaw, TX 76179

4 Beds 3 Baths 1,867 sqft Built 2001

$290,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $155.33
  • 3 Days on Market
  • MLS # : 14500642
  • Updated Date : 01/15/2021 at 20:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,867 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Trinity

Listing Agent's Description

No HOA! A great home located on a corner lot with a saltwater pool for summer fun. This well maintained, family home has only had 1 owner. The home features a formal dining, eat-in kitchen, and cozy living space with wood burning fireplace. The Master Bedroom is located downstairs, as is an additional half bath, and laundry area. Upstairs features 3 bedrooms, 1 full bath and loft space. The home has had 2 replacement AC units as of 2018, the roof was replaced 5 years ago, fresh paint throughout the house, and the backyard has a storage shed for pool equipment and toys. This home is a gem in the heart of Saginaw!

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: The Dominion

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $115k258k

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

Neighborhood: The Dominion

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211501200125013001350140014501500155016001650170017501800Rent in $11261819

* 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
Willow Creek Elementary School Primary Regular 715 43 4
Creekview Middle School Middle Regular 801 47 7
Boswell High School High Regular 1,605 106 7

Willow Creek Elementary School

  • Education Level: Primary
  • # of students: 715
  • # of teachers: 43
4
GreatSchools Rating

Creekview Middle School

  • Education Level: Middle
  • # of students: 801
  • # of teachers: 47
7
GreatSchools Rating

Boswell High School

  • Education Level: High
  • # of students: 1,605
  • # of teachers: 106
7
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,007
Property Tax -$630
Property Insurance -$135
Property Management Fees -$99
CASH FLOW
-$171

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$290,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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

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$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,910

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,671

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,6954$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 901 Robin Drive Saginaw, TX 5
    • 4 beds 3 baths ∙ 1,867 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,867 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
  • 505 Cambridge Drive Saginaw, TX 1
    • 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2002
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 612 Mooney Drive Saginaw, TX 2
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2006
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
  • 609 Carriage Lane Saginaw, TX 3
    • 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 2003
    LEASED 12/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.89
    •  
  • 1121 Little John Drive Saginaw, TX 4
    • 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 2015
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.87
    •  
PROPERTY LISTING DETAILS
Carrie Behm
Re/max Trinity
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500642
Last Updated: 01/15/2021
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