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918 Saint Andrews Place Desoto, TX 75115

3 Beds 3 Baths 2,380 sqft Built 1995

$325,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $136.55
  • 2 Days on Market
  • MLS # : 14484525
  • Updated Date : 12/26/2020 at 10:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,380 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Welcome to a gorgeous, one-owner home at Thorntree Golf Club! Enter the home to find stunning hardwood floors, large rooms with high ceilings, crown molding, tray ceilings, decorative lighting, no carpet, & upgrades galore. French doors make the office a perfect place to work from home while the open-concept floorplan is a desirable place for family & friends to gather post pandemic. New appliances in 2018 will help you create a masterpiece in the kitchen while the sizable primary bedroom is the perfect retreat after a long day. Prepare to fall in love with the low-maintenance & tranquil backyard complete with two pergolas, stone walkway, & fresh landscaping. This well-loved, pristine home is ready for you!

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. Andrew's Place

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $88k302k

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

Neighborhood: St. Andrew's Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9452120

* 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
Martin Weiss Elementary School Primary Regular 515 35 3
William Hawley Atwell Law Academy Middle Magnet 834 68 2
David W. Carter High School High Regular 1,040 64 2

Martin Weiss Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 35
3
GreatSchools Rating

William Hawley Atwell Law Academy

  • Education Level: Middle
  • # of students: 834
  • # of teachers: 68
2
GreatSchools Rating

David W. Carter High School

  • Education Level: High
  • # of students: 1,040
  • # of teachers: 64
2
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,199
Property Tax -$777
Property Insurance -$165
HOA -$80
Property Management Fees -$99
CASH FLOW
-$80

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.

$325,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.9%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$9,261

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,874

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7953$1,8004$2,1005$2,240
$2,240
RENT COMPS ANALYSIS
  • 918 Saint Andrews Place Desoto, TX 5
    • 3 beds 3 baths ∙ 2,380 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,380 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.94
    •  
  • 1021 Canyon Ridge Drive Desoto, TX 1
    • 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
    •  
  • 1340 Grand Teton Drive Desoto, TX 2
    • 3 beds 2 baths ∙ 2,349 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,349 Sqft ∙ Built 1982
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.76
    •  
  • 1104 Lexington Circle Desoto, TX 3
    • 4 beds 3 baths ∙ 2,286 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,286 Sqft ∙ Built 1987
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.79
    •  
  • 1445 Thunderbrook Drive Desoto, TX 4
    • 3 beds 3 baths ∙ 2,589 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,589 Sqft ∙ Built 1981
    property image
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.81
    •  
PROPERTY LISTING DETAILS
Amy Allen
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484525
Last Updated: 12/26/2020
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