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PROPERTY INFO
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
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Dominion
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,600
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,500 |
| Loan Amount | $217,500 |
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
-
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
Re/max Trinity
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14500642
Last Updated: 01/15/2021
