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924 Wrigley Way Saginaw, TX 76179

3 Beds 2 Baths 1,563 sqft Built 1999

$235,900

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $150.93
  • 5 Days on Market
  • MLS # : 14515269
  • Updated Date : 02/13/2021 at 16:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,563 sqft
  • Baths : 2 full
Listing Agent

Real Texas

Listing Agent's Description

Don't miss out on this beautiful and captivating home. Recently expanded the driveway for better car space. The house has been well-maintained with wood-like laminated flooring that lead to the kitchen. Open concept kitchen with an adorable island, very nice light fixtures in the eating area. Rooms all have walk-in closets nice neutral colors through out the home. Enjoy the Texas weather out on the covered patio. This home will not last long schedule a showing before it is gone.

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: 76179

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $115k243k

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

Zip Code: 76179

ZipNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11251734

* 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
Bryson Elementary School Primary Regular 473 34 5
Boswell High School High Regular 1,605 106 7
Bryson Elementary School Primary Unknown NA

Bryson Elementary School

  • Education Level: Primary
  • # of students: 473
  • # of teachers: 34
5
GreatSchools Rating

Boswell High School

  • Education Level: High
  • # of students: 1,605
  • # of teachers: 106
7
GreatSchools Rating

Bryson Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$212,310$259,490$235,900

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$819
Property Tax -$512
Property Insurance -$118
Property Management Fees -$99
CASH FLOW
-$8

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.

$235,900

PROJECTED PRICE

$1,540

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.5%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,264

INVESTMENT

$68,264

Down Payment
$58,975
Rehab Estimate
$5,750
Closing Costs
$3,539

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$819

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,975
Loan Amount $176,925
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$9,585

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,532

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,5003$1,5254$1,5405$1,570
$1,570
RENT COMPS ANALYSIS
  • 924 Wrigley Way Saginaw, TX 4
    • 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.99
    •  
  • 404 Greenway Drive Saginaw, TX 1
    • 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1982
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.98
    •  
  • 969 Fenway Lane Saginaw, TX 2
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 2000
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 537 Greenway Drive Saginaw, TX 3
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1982
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.01
    •  
  • 409 Candlestick Trail Saginaw, TX 5
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2000
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.97
    •  
PROPERTY LISTING DETAILS
Frances Villagran
Real Texas
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14515269
Last Updated: 02/13/2021
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