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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $140.03
- 3 Days on Market
- MLS # : 14519748
- Updated Date : 02/19/2021 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,006 sqft
- Baths : 2 full
Listing Agent
Lgi Homes
Listing Agent's Description
The Topeka plan is now available at Willowwood! This spacious single-story home has 4 bedrooms, 2 full baths and a spacious, open layout. This new home comes with a host of impressive upgrades all included at no additional cost. Upgrades included in this home are energy-efficient kitchen appliances, granite countertops, designer wood cabinetry with crown molding, a WiFi-enabled garage door opener, programmable thermostats and more! In addition, this home has a beautiful brick exterior, a professionally landscaped front yard and fully fenced back yard. Elevation of the front of the house may vary.
SEE MORE
- 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
Zip Code: 76266
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76266
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,860 |
| EXPENSES | Loan Payment | -$976 |
| Property Tax | -$383 | |
| Property Insurance | -$143 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$230
|
||
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.
$280,900
PROJECTED PRICE
$1,860
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.9% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$76,439
LOAN DETAILS
$976
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $70,225 |
| Loan Amount | $210,675 |
9.5
YEARS SAVED
$39,289
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,835
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
924 Primrose Drive Sanger, TX 5
- 4 beds 2 baths ∙ 2,006 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,006 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,860
- $0.93
-
127 Ringneck Drive Sanger, TX 1
- 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 2006
LEASED 04/04/20- Rent
- Rent Per SQFT
- $1,595
- $0.91
-
121 Ringneck Drive Sanger, TX 2
- 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2005
LEASED 10/18/20- Rent
- Rent Per SQFT
- $1,600
- $0.91
-
5 Grouse Run Sanger, TX 3
- 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 2020
LEASED 11/07/20- Rent
- Rent Per SQFT
- $1,750
- $0.90
-
112 Bluebonnet Drive Sanger, TX 4
- 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 2020
LEASED 01/29/21- Rent
- Rent Per SQFT
- $1,750
- $0.94
PROPERTY LISTING DETAILS
Lgi Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519748
Last Updated: 02/19/2021
