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902 Decker Drive Fate, TX 75189

4 Beds 3 Baths 2,069 sqft Built 2018

$239,990

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $115.99
  • 1 Days on Market
  • MLS # : 14481660
  • Updated Date : 12/05/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,069 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Rockwall

Listing Agent's Description

WOW! Don't miss out on this wonderful like new home located in Woodcreek! This home has a very functional, open concept floor plan with 4 bedrooms and 3 full bathrooms! There is also a bonus room that could be used as an office and or game room. Tasteful color selections were made throughout the interior and carpet only in the bedrooms. The kitchen features lots of cabinet space, island, stainless steel appliances, granite countertops and a walk in pantry. The spacious master suite boast a large vanity, decorative tile, separate shower and a walk in closet. Enjoy the covered patio out back with a great yard space for kids or pets to play! Come take a tour today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Woodcreek

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Woodcreek

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8882171

* 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
Harry Herndon Intermediate School Primary Regular 408 27 7
Harry Herndon Intermediate School Middle Regular 408 27 7
Royse City High School High Regular 1,410 88 5

Harry Herndon Intermediate School

  • Education Level: Primary
  • # of students: 408
  • # of teachers: 27
7
GreatSchools Rating

Harry Herndon Intermediate School

  • Education Level: Middle
  • # of students: 408
  • # of teachers: 27
7
GreatSchools Rating

Royse City High School

  • Education Level: High
  • # of students: 1,410
  • # of teachers: 88
5
GreatSchools Rating
 

$215,991$263,989$239,990

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$885
Property Tax -$608
Property Insurance -$147
HOA -$47
Property Management Fees -$99
CASH FLOW
$144

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.

$239,990

PROJECTED PRICE

$1,930

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.0%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,347

INVESTMENT

$69,347

Down Payment
$59,998
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,998
Loan Amount $179,993
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$24,479

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,888

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7953$1,8504$1,9255$1,930
$1,930
RENT COMPS ANALYSIS
  • 902 Decker Drive Fate, TX 5
    • 4 beds 3 baths ∙ 2,069 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,069 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.93
    •  
  • 807 Windflower Drive Fate, TX 1
    • 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 2009
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
  • 965 Decker Drive Fate, TX 2
    • 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2018
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.92
    •  
  • 1096 Decker Drive Fate, TX 3
    • 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 2017
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.88
    •  
  • 950 Decker Drive Fate, TX 4
    • 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 2018
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.92
    •  
PROPERTY LISTING DETAILS
Aaron Stokes
Keller Williams Rockwall
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481660
Last Updated: 12/05/2020
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