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912 Hummingbird Trail Saginaw, TX 76131

3 Beds 3 Baths 2,979 sqft Built 2001

$279,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $93.66
  • 1 Days on Market
  • MLS # : 14531765
  • Updated Date : 03/13/2021 at 03:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,979 sqft
  • Baths : 2 full , 1 half
Listing Agent

Randy White Real Estate Svcs

Listing Agent's Description

Spacious living in this custom 2 story home with wood floors & oversized rooms, perfect for everyday living & entertaining. Kitchen has tile backsplash, great island for prep space, electric cooktop & range and spacious walk-in pantry, double sink with great window view and opens to the breakfast room. Large family room has a fireplace & views of extensive backyard. All bedrooms are generously sized with master suite on first floor with ensuite bath, jetted tub, separate shower & dual vanity. Upstairs offers 2 guest bedrooms, 1 full bathroom & great game room area. Huge backyard for garden, pets or play space. Enjoy nearby schools, shops, dining & easy access to Hwy 35 & downtown Fort Worth. Move In Ready!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Heather Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $114k243k

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

Neighborhood: Heather Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11031734

* 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
High Country Elementary School Primary Regular 633 35 6
Highland Middle School Middle Regular 815 54 7
Saginaw High School High Regular 1,785 113 6

High Country Elementary School

  • Education Level: Primary
  • # of students: 633
  • # of teachers: 35
6
GreatSchools Rating

Highland Middle School

  • Education Level: Middle
  • # of students: 815
  • # of teachers: 54
7
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$969
Property Tax -$606
Property Insurance -$199
HOA -$21
Property Management Fees -$99
CASH FLOW
$16

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.

$279,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.2%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$969

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$12,331

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $2,145

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$1,9104$2,2505$2,495
$2,495
RENT COMPS ANALYSIS
  • 912 Hummingbird Trail Saginaw, TX 3
    • 3 beds 3 baths ∙ 2,979 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,979 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.64
    •  
  • 720 Pheasant Road Saginaw, TX 1
    • 3 beds 3 baths ∙ 2,955 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,955 Sqft ∙ Built 2005
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.63
    •  
  • 1044 Lindstrom Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,803 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,803 Sqft ∙ Built 2003
    LEASED 01/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.68
    •  
  • 768 Red Elm Lane Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,982 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,982 Sqft ∙ Built 2007
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.75
    •  
  • 8029 Black Sumac Drive Fort Worth, TX 5
    • 4 beds 4 baths ∙ 3,048 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,048 Sqft ∙ Built 2017
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.82
    •  
PROPERTY LISTING DETAILS
Randy White
Randy White Real Estate Svcs
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531765
Last Updated: 03/13/2021
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