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9101 Giant Drive Joshua, TX 76058

3 Beds 2 Baths 1,560 sqft Built 2011

$210,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $134.62
  • 6 Days on Market
  • MLS # : 14515978
  • Updated Date : 02/09/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,560 sqft
  • Baths : 2 full
Listing Agent

One Stop Home Buyers Llc

Listing Agent's Description

OWNER FINANCING AVAILABLE! Tired of having cash down and still not being able to get financing? Here's your opportunity! Come see this 3 bedroom, 2 bathroom house sitting on over half an acre in Joshua with a large circle drive and a workshop with double bay doors. In addition to the house being fully updated, it also comes with an outdoor kitchen area and a shop with electric! The backyard has a high end pool deck that would be perfect for an aboveground pool for the coming summer months. Want to see the house? Text 9101 to 682.628.0024 to be contacted for a showing. Must TEXT to receive showing. If you are an agent, text 9101 Agent to be contacted directly. This property is ONLY available for owner financing.

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: Grand Ranch

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $73k243k

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

Neighborhood: Grand Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8511734

* 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
Joshua Ninth Grade Campus High Regular 391 29 7
Joshua High School High Regular 995 75 5

Joshua Ninth Grade Campus

  • Education Level: High
  • # of students: 391
  • # of teachers: 29
7
GreatSchools Rating

Joshua High School

  • Education Level: High
  • # of students: 995
  • # of teachers: 75
5
GreatSchools Rating
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$729
Property Tax -$503
Property Insurance -$117
Property Management Fees -$99
CASH FLOW
$131

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.

$210,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.5%
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$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$18,533

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,602

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,6003$1,6504$1,800
$1,800
RENT COMPS ANALYSIS
  • 9101 Giant Drive Joshua, TX 1
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.01
    •  
  • 8400 County Road 1014 Joshua, TX 2
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2002
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
  • 5908 Elm Court Joshua, TX 3
    • 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 2012
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 4524 Highland Trail Joshua, TX 4
    • 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 2012
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.16
    •  
PROPERTY LISTING DETAILS
Megan Leija
One Stop Home Buyers Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14515978
Last Updated: 02/09/2021
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