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2106 S Branch Street 
Sherman, TX
75090
3 Beds 2 Baths 1,090 sqft
Built 2020
INVESTimate
$155,990
List Price
$43,337
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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $143.11
- 3 Days on Market
- MLS # : 14419537
- Updated Date : 08/24/2020 at 11:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,090 sqft
- Baths : 2 full
Listing Agent
Homesusa.com
Listing Agent's Description
MLS# 14419537 - Built by Ameritex Homes - September completion! ~ 3 bedrooms; 2 bathrooms; two motion exterior floodlights; low E insulated glass windows with screens; weather stripping on all exterior doors; smooth two square 6ft interior doors; 3.25 in baseboard moulding; 30in flat panel kitchen cabinets; vinyl flooring; 50-gallon electric water heater; programmable smart thermostat; keyless smart locks; granite countertops; microwave; electric range; energy-efficient dishwasher; refrigerator; 50-50 stainless steel kitchen sink.**Photos and 3D tour may be representative of the house plan, but not actual photos of the home**
SEE MORE
- . 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: 75090
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75090
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,090 |
| EXPENSES | Loan Payment | -$576 |
| Property Tax | -$350 | |
| Property Insurance | -$87 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$21
|
||
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.
$155,990
PROJECTED PRICE
$1,090
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 9.02% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.00% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$43,337
LOAN DETAILS
$576
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $38,998 |
| Loan Amount | $116,993 |
2.58
YEARS SAVED
$3,789
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,090
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,101
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
2106 S Branch Street Sherman, TX 1
- 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,090
- $1.00
-
209 West Forest Sherman, TX 2
- 3 beds 3 baths ∙ 1,238 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,238 Sqft ∙ Built 2019
LEASED 02/14/20- Rent
- Rent Per SQFT
- $1,175
- $0.95
-
207 West Forest Sherman, TX 3
- 3 beds 3 baths ∙ 1,238 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,238 Sqft ∙ Built 2019
LEASED 12/19/19- Rent
- Rent Per SQFT
- $1,275
- $1.03
-
203 West Forest Sherman, TX 4
- 3 beds 3 baths ∙ 1,238 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,238 Sqft ∙ Built 2019
LEASED 02/06/20- Rent
- Rent Per SQFT
- $1,275
- $1.03
-
201 West Forest Sherman, TX 5
- 3 beds 3 baths ∙ 1,238 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,238 Sqft ∙ Built 2019
LEASED 02/05/20- Rent
- Rent Per SQFT
- $1,275
- $1.03
PROPERTY LISTING DETAILS
Homesusa.com
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419537
Last Updated: 08/24/2020
