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914 Sage Meadow Drive Glenn Heights, TX 75154

4 Beds 3 Baths 2,240 sqft Built 2016

$275,500

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $122.99
  • 3 Days on Market
  • MLS # : 14496505
  • Updated Date : 01/16/2021 at 08:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,240 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Trinity

Listing Agent's Description

Gorgeous 4 bedroom, 2.5 bathroom home with all the modern upgrades. This homes shows like a model home! Raised ceilings, bullnose corners, built-in kitchen with granite countertops, stainless steel appliances, island & tumbled marble backsplash, raised breakfast bar, pendant lighting, crown molding, wood flooring, master bathroom with dual undermount sinks, granite countertops, separate garden tub & walk-in shower, walk-in closets, oil rubbed bronze hardware, covered porch & patio, 2 car garage and wood fence. Sought-after location close to shopping, dining, schools and places of worship. Close proximity to major thoroughfares for a quick commute. WELCOME HOME!

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

Zip Code: 75154

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $110k243k

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

Zip Code: 75154

ZipNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10151734

* 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
Woodridge Elementary School Primary Regular 691 41 3
Curtistene S Mccowan Middle School Middle Regular 846 52 2

Woodridge Elementary School

  • Education Level: Primary
  • # of students: 691
  • # of teachers: 41
3
GreatSchools Rating

Curtistene S Mccowan Middle School

  • Education Level: Middle
  • # of students: 846
  • # of teachers: 52
2
GreatSchools Rating
 

$247,950$303,050$275,500

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$957
Property Tax -$695
Property Insurance -$157
HOA -$10
Property Management Fees -$99
CASH FLOW
$23

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.

$275,500

PROJECTED PRICE

$1,940

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.4%
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$78,758

INVESTMENT

$78,758

Down Payment
$68,875
Rehab Estimate
$5,750
Closing Costs
$4,133

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$957

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,875
Loan Amount $206,625
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$12,262

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,814

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7053$1,8004$1,8955$1,940
$1,940
RENT COMPS ANALYSIS
  • 914 Sage Meadow Drive Glenn Heights, TX 5
    • 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.87
    •  
  • 633 Snapdragon Lane Desoto, TX 1
    • 3 beds 2 baths ∙ 2,115 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,115 Sqft ∙ Built 2003
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.78
    •  
  • 819 Creekside Drive Glenn Heights, TX 2
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2003
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,705
    • $0.80
    •  
  • 1205 Beeblossom Drive Desoto, TX 3
    • 4 beds 2 baths ∙ 2,115 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,115 Sqft ∙ Built 2003
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.85
    •  
  • 720 Jewelflower Drive Desoto, TX 4
    • 4 beds 2 baths ∙ 2,349 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,349 Sqft ∙ Built 2016
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.81
    •  
PROPERTY LISTING DETAILS
Daniel Murphy
Re/max Trinity
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496505
Last Updated: 01/16/2021
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