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926 Primrose Drive Sanger, TX 76266

3 Beds 2 Baths 1,649 sqft Built 2020

$262,900

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $159.43
  • 5 Days on Market
  • MLS # : 14516658
  • Updated Date : 02/11/2021 at 17:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,649 sqft
  • Baths : 2 full
Listing Agent

Lgi Homes

Listing Agent's Description

The Atchison by LGI Homes is our newest plan in the community of Willowwood. This 3-bedroom, 2-bath home features an open and functional layout with a large family room and fully loaded kitchen leading to a spacious dining area. The Atchison comes with incredible upgrades all included such as granite countertops, energy-efficient appliances (including refrigerator), stunning wood cabinets with crown molding and a WiFi-enabled garage door opener. In addition, this new home has a beautifully landscaped front and back yard, which includes a fully fenced back yard perfect for enjoying outdoor activities. Elevation of the front of the house may vary.

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: 76266

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $94k243k

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

Zip Code: 76266

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7771734

* 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
Butterfield Elementary School Primary Regular 501 32 7
Sanger Middle School Middle Regular 415 28 6
Sanger High School High Regular 796 52 5

Butterfield Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 32
7
GreatSchools Rating

Sanger Middle School

  • Education Level: Middle
  • # of students: 415
  • # of teachers: 28
6
GreatSchools Rating

Sanger High School

  • Education Level: High
  • # of students: 796
  • # of teachers: 52
5
GreatSchools Rating
 

$236,610$289,190$262,900

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$913
Property Tax -$359
Property Insurance -$123
HOA -$29
Property Management Fees -$99
CASH FLOW
$48

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.

$262,900

PROJECTED PRICE

$1,570

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,669

INVESTMENT

$71,669

Down Payment
$65,725
Rehab Estimate
$2,000
Closing Costs
$3,944

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$913

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,725
Loan Amount $197,175
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$17,149

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,583

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,570
1$1,5702$1,5953$1,6004$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 926 Primrose Drive Sanger, TX 1
    • 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.95
    •  
  • 127 Ringneck Drive Sanger, TX 2
    • 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 3
    • 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
    •  
  • 128 Ringneck Drive Sanger, TX 4
    • 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2006
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
  • 138 Kincaid Drive Sanger, TX 5
    • 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 2007
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
PROPERTY LISTING DETAILS
Mona Hill
Lgi Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14516658
Last Updated: 02/11/2021
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