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923 Swift Drive Sherman, TX 75092

4 Beds 2 Baths 2,004 sqft Built 2020

$271,335

List Price

$1,700

$1.5K - $1.9K

Rent Est.

$73,904

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+6.1%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.5%
Cash Flow	$12
Value Increase	$16,673

10 YEAR

Cash On Cash	-2.5%
Total Return	10.8%

PROPERTY INFO

Built 2020 NEW CONSTRUCTION

January 19, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 2020
Price/Sqft : $135.40
6 Days on Market
MLS # : 14502861
Updated Date : 01/20/2021 at 13:49

CONSTRUCTION

Beds : 4
Floor Size : 2,004 sqft
Baths : 2 full

Listing Agent

Ntex Realty, Lp

Listing Agent's Description

This 3-bedroom, 2-bathroom home has a galley feel with an open floor plan. The flex room in the front of the home can be easily utilized as another bedroom if needed or a den for reading and relaxing. Through the kitchen, you’ll find the cabinets open to the dining and living rooms at the heart of the home. The owner’s suite is nicely situated in the back corner with its own hallway to create the feel of your own private getaway. Never track mud into your home again because the San Gabriel II has the laundry room situated off the garage. The unique layout of this home gives you the chance to do something different than all your friends while still providing a comfortable space to live and entertain.

MARKET HIGHLIGHTS

Dallas Market Report

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)

Zip Code: 75092

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

Zip Code: 75092

* 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
Sory Elementary School	Primary	Regular	593	41	7
Dillingham Intermediate School	Middle	Regular	1,036	76	4
Sherman High School	High	Regular	1,780	119	5

Sory Elementary School

Education Level: Primary
# of students: 593
# of teachers: 41

GreatSchools Rating

Dillingham Intermediate School

Education Level: Middle
# of students: 1,036
# of teachers: 76

GreatSchools Rating

Sherman High School

Education Level: High
# of students: 1,780
# of teachers: 119

GreatSchools Rating

FINANCIALS

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$244,202$298,46900$271,335

PURCHASE PRICE

$1,530$1,87000$1,700

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,700
EXPENSES	Loan Payment	-$942
	Property Tax	-$480
	Property Insurance	-$136
	HOA	-$42
	Property Management Fees	-$99



CASH FLOW $1

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$271,335

PROJECTED PRICE

$1,700

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.50%
Appreciation Year (1-5)	6.1%
Maintenance Year (1-5)	3.00%
Vacancy	6.00%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$73,904

Down Payment	$67,834
Rehab Estimate	$2,000
Closing Costs	$4,070

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$942

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$67,834
Loan Amount	$203,501

See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$7,429

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,700
LIST RENT
$0.85
LIST RENT PER SQFT

$1,723
COMP ESTIMATED VALUE
$0.86
COMP AVG. RENT PER SQFT

Comps Range

$1,500

1$1,5002$1,5503$1,5504$1,6955$1,700

$1,700

RENT COMPS ANALYSIS

2,004
PROPERTY SQFT
$0.86
AVG RENT PER SQFT
$1,723
ESTIMATED VALUE
$1,700
LIST RENT

923 Swift Drive Sherman, TX 4

3 beds 2 baths ∙ 2,004 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 2020
Price

Price Per SQFT

$271,335

$135.40
4634 Cormorant Drive Sherman, TX 1

3 beds 2 baths ∙ 2,055 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 2020
SOLD 09/18/20
Price

Price Per SQFT

$259,900

$126.47
4717 Cormorant Drive Sherman, TX 2

3 beds 2 baths ∙ 2,055 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 2020
SOLD 08/06/20
Price

Price Per SQFT

$263,425

$128.19
920 Blackbird Drive Sherman, TX 3

3 beds 2 baths ∙ 2,055 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 2020
SOLD 12/29/20
Price

Price Per SQFT

$269,200

$131.00
4627 Cormorant Drive Sherman, TX 5

3 beds 2 baths ∙ 2,003 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 2020
SOLD 12/15/20
Price

Price Per SQFT

$273,000

$136.30

923 Swift Drive Sherman, TX 5

3 beds 2 baths ∙ 2,004 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 2020
Rent

Rent Per SQFT

$1,700

$0.85
1210 Pintail Sherman, TX 1

3 beds 3 baths ∙ 1,870 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 2005
LEASED 09/01/20
Rent

Rent Per SQFT

$1,500

$0.80
4512 Blue Jay Lane Sherman, TX 2

3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2005
LEASED 07/29/19
Rent

Rent Per SQFT

$1,550

$0.89
4519 Falcon Drive Sherman, TX 3

3 beds 3 baths ∙ 1,848 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 2005
LEASED 08/11/20
Rent

Rent Per SQFT

$1,550

$0.84
4413 Hummingbird Drive Sherman, TX 4

4 beds 3 baths ∙ 1,863 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,863 Sqft ∙ Built 2016
LEASED 06/12/20
Rent

Rent Per SQFT

$1,695

$0.91

PROPERTY LISTING DETAILS

Clinton Shipley
Ntex Realty, Lp

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14502861
Last Updated: 01/20/2021

923 Swift Drive Sherman, TX 75092

$271,335

$1,700

$73,904

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Sory Elementary School

Dillingham Intermediate School

Sherman High School

FINANCIALS

$244,202$298,46900$271,335

$1,530$1,87000$1,700

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$271,335

$1,700

0.63%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$942

3.25

$7,429

$271,335

$135.4

$261,502

$130.49

COMPS RANGE

PRICE COMPS ANALYSIS

$1,700

$0.85

$1,723

$0.86

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS