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912 Saint Andrews Place Desoto, TX 75115

3 Beds 2 Baths 1,833 sqft Built 1994

$259,900

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $141.79
  • 4 Days on Market
  • MLS # : 14483091
  • Updated Date : 12/11/2020 at 10:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,833 sqft
  • Baths : 2 full
Listing Agent

Robert Elliott And Associates

Listing Agent's Description

**Please submit best and final offers by Saturday, Dec. 12 at 5pm** Beautiful appointed one-story home on sought after Saint Andrews Place at Thorntree Golf Club. Walking distance to Clubhouse and Hole#1! Meticulously maintained by one owner, this home is open concept, perfectly updated. Custom glass front door, high ceiling entry & coat closet. Light and bright living room boasts hardwoods, floor to ceiling windows, and cozy fireplace. Pristine kitchen is updated with sleek granite and eat-in bar. Spacious master suite features walk-in closet, jetted tub, updated shower, plantation shutters. Outdoor patio is covered, has porch swing and custom landscaping. This lovely home is move in ready!

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: St. George's Place

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k372k

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

Neighborhood: St. George's Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10602805

* 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
Ruby Young Elementary School Primary Regular 617 34 3
Desoto West Middle School Middle Regular 709 49 3

Ruby Young Elementary School

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 34
3
GreatSchools Rating

Desoto West Middle School

  • Education Level: Middle
  • # of students: 709
  • # of teachers: 49
3
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$959
Property Tax -$750
Property Insurance -$133
HOA -$77
Property Management Fees -$99
CASH FLOW
$122

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.

$259,900

PROJECTED PRICE

$2,140

PROJECTED RENT

0.82%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.9%
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$200k$400k$600k$800k$1.0M

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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$21,798

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $1,489

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,449
1$1,4492$1,4993$1,6504$1,6505$2,140
$2,140
RENT COMPS ANALYSIS
  • 912 Saint Andrews Place Desoto, TX 5
    • 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $1.17
    •  
  • 1706 Highgate Drive Duncanville, TX 1
    • 3 beds 2 baths ∙ 2,030 Sqft ∙ Built 1975 3 beds 2 baths ∙ 2,030 Sqft ∙ Built 1975
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.71
    •  
  • 1707 Limetree Lane Duncanville, TX 2
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1978
    property image
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.89
    •  
  • 430 Timberline Drive Duncanville, TX 3
    • 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 1983
    property image
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
  • 1021 Canyon Ridge Drive Desoto, TX 4
    • 3 beds 2 baths ∙ 2,096 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,096 Sqft ∙ Built 1985
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.79
    •  
PROPERTY LISTING DETAILS
Stephanie Logan
Robert Elliott And Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14483091
Last Updated: 12/11/2020
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