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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $142.14
- 1 Days on Market
- MLS # : 14528297
- Updated Date : 03/07/2021 at 00:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,794 sqft
- Baths : 2 full
Listing Agent
Better Homes & Gardens, Winans
Listing Agent's Description
Looking for a WONDERFUL home in Saginaw-Fort Worth located to shopping, schools, entertainment, walking trails, lake or highway access?? THIS IS IT! Open concept with spacious bedrooms, living room, formal dining room and eat in kitchen allow entertaining opportunities or plenty of room for a growing family. Freshly painted interior walls allow any decor preference to make moving in a breeze. You will find many flowerbeds and a corner garden set up to be used for flowers, vegetables etc.. Front yard had new sod placed in the fall, and should encompass all the blooming placements throughout the front and backyard. Don't forget the HOA's Private Community pool is just a stroll down the street! Welcome home!
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
Neighborhood: Commons at Willow Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Commons at Willow Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$886 |
| Property Tax | -$554 | |
| Property Insurance | -$131 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$4
|
||
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.
$255,000
PROJECTED PRICE
$1,690
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$73,325
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $63,750 |
| Loan Amount | $191,250 |
4.25
YEARS SAVED
$10,363
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,690
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,772
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
932 Virginia Lane Saginaw, TX 3
- 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,690
- $0.94
-
825 Silverbrook Drive Saginaw, TX 1
- 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2001
LEASED 03/16/20- Rent
- Rent Per SQFT
- $1,550
- $0.97
-
409 Candlestick Trail Saginaw, TX 2
- 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
-
544 Cambridge Drive Saginaw, TX 4
- 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 2001
LEASED 02/25/21- Rent
- Rent Per SQFT
- $1,745
- $0.99
-
917 Virginia Lane Saginaw, TX 5
- 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 2011
LEASED 12/29/20- Rent
- Rent Per SQFT
- $1,850
- $1.02
PROPERTY LISTING DETAILS
Better Homes & Gardens, Winans
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14528297
Last Updated: 03/07/2021
