click to enable zoom
Searching...
We didn't find any results
open map
View Roadmap Satellite Hybrid Terrain My location Fullscreen
Advanced search
Advanced search

$ 0 to $ 600,000

we found 0 results
Your search results

11 Rented 2014 Built Townhomes – 35 Mins North to Dallas

add to favorites
310

Property Description

MUST-READ

  1. Great location with a high demand for rentals, and good schools + 2014 built + rented/occupied
  2. This deal is NOT a cash-flow strategy – cash flow on all units is low!
  3. This deal is an equity play on newer built units in a strong location and a strong metro (DFW)
  4. The suggested (aggressive) Simply Do It (SDI) offer/prices are based on group purchases and multiple offers submitted to the same seller
    1. Suggested offers have not been negotiated yet – prices are not confirmed
  5. Priority will be given to investor-buyers that are able to buy multiple units
  6. An additional 2% of the purchase price fee is added to your normal SDI fee per property, paid directly to SDI at closing
  7. Huge Double College Town 31k students – located approx. 10 mins from the community – the university creates another strong local layer of demand for rentals (not students)
  8. Rapid growing area

Rents

  • Current rents are All units are  $1475 – $1750
  • Market rents are estimated at $1600 – $1750

Next Steps

  1. Let SDI know which unit/s you are interested in
  2. Let us know if your offer is cash or financing, and your down payment
  3. Priority is given to SDI active investors
  4. Non-active investors would need to sign the SDI fee schedule and release – can be sent upon request
  5. Full address/location will be provided to active investors upon request
  6. Questions should be posted in the comments section below

Site Visits

Agent and property management plan to visit the site in the next 2-3 days and after the seller has accepted the bulk offer.

Townhome Info

Townhomes are located on the same street and in 2 buildings.

  • One building holds 6 units townhomes (5401-5421)
  • The second building holds 5 townhomes (5500-5516)

Every townhome has:

  1. Individual title
  2. Garage: 2
  3. Built 2014
  4. HOA: $20/mo
  5. Insurance $136/mo – as reported by the seller

Pricing

Unit # Asking Price SDI’s Suggested Offer Discount
5401 $240,278 $200,000 $40,278
5405 $279,285 $225,834 $53,451
5409 $292,235 $236,306 $55,929
5413 $281,157 $227,348 $53,809
5417 $278,505 $225,203 $53,301
5421 $253,541 $205,017 $48,524
5500 $250,851 $220,000 $30,851
5504 $252,252 $218,500 $33,752
5508 $261,922 $224,946 $36,976
5512 $272,152 $233,732 $38,420
5516 $237,818 $204,244 $33,573

 

Pricing & rent info

Unit # Bed- rooms Baths SF FT Rental Sale Price Lease Ends 2019 Taxes SDI’s Suggested Offer Discount SDI’s Additional Fee (2%) Comment
5401 3 2.5 1,540 $1,725 $240,278 7/31/2021 $4,686 $200,000 $40,278 $4,000 end unit
5405 4 2.5 1,790 $1,750 $279,285 7/31/2021 $4,800 $225,834 $53,451 $4,517 middle unit
5409 4 2.5 1,873 $1,700 $292,235 7/31/2021 $4,800 $236,306 $55,929 $4,726 middle unit
5413 4 2.5 1,802 $1,700 $281,157 9/30/2021 $4,800 $227,348 $53,809 $4,547 middle unit
5417 4 2.5 1,785 $1,650 $278,505 1/1/2022 $4,800 $225,203 $53,301 $4,504 middle unit
5421 3 2.5 1,625 $1,550 $253,541 5/31/2021 $4,800 $205,017 $48,524 $4,100 end unit
5500 3 2.5 1,790 $1,700 $250,851 6/30/2021 $5,029 $220,000 $30,851 $4,400 end unit
5504 4 2.5 1,800 $1,700 $252,252 10/31/2021 $5,029 $218,500 $33,752 $4,370 middle unit
5508 4 2.5 1,869 $1,530 $261,922 7/31/2021 $5,029 $224,946 $36,976 $4,499 middle unit
5512 4 2.5 1,942 $1,700 $272,152 9/30/2021 $5,029 $233,732 $38,420 $4,675 middle unit
5516 3 2.5 1,697 $1,475 $237,818 6/30/2021 $5,029 $204,244 $33,573 $4,085 end unit

 

Side-by-side analysis

1 Specifications
Property 5401 5405 5409 5413 5417 5421 5500 5504 5508 5512 5516
Bedrooms 3 4 4 4 4 3 3 4 4 4 3
Bathrooms 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5
Square Feet 1540 1790 1873 1802 1785 1625 1790 1800 1869 1942 1697
Year Built 2014 2014 2014 2014 2014 2014 2014 2014 2014 2014 2014
Garage Size 2 2 2 2 2 2 2 2 2 2 2
Schools Rating (on scale of 0-10) B B B B B B B B B B B
2 Purchase Assumptions
Purchase Price $200,000 $226,000 $236,000 $227,000 $225,000 $205,000 $220,000 $218,500 $220,000 $234,000 $200,000
Market Value (after improvements) $240,000 $280,000 $292,000 $281,000 $278,500 $253,500 $251,000 $252,000 $262,000 $272,000 $238,000
Improvements $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500
Closing Costs $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500
Mortgage Costs $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500
Other Fees At Closing $4,000 $4,520 $4,720 $4,540 $4,500 $4,100 $4,400 $4,370 $4,400 $4,680 $4,000
Total Cost $212,500 $239,020 $249,220 $240,040 $238,000 $217,600 $232,900 $231,370 $232,900 $247,180 $212,500
3 Financing Assumptions
Down Payment (%) 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%
Down Payment Amount $50,000 $56,500 $59,000 $56,750 $56,250 $51,250 $55,000 $54,625 $55,000 $58,500 $50,000
Financed Amount $150,000 $169,500 $177,000 $170,250 $168,750 $153,750 $165,000 $163,875 $165,000 $175,500 $150,000
Interest Rate 3.40% 3.40% 3.40% 3.40% 3.40% 3.40% 3.40% 3.40% 3.40% 3.40% 3.40%
Mortgage Term (Years) 30 30 30 30 30 30 30 30 30 30 30
Monthly Mortgage Payment $665 $752 $785 $755 $748 $682 $732 $727 $732 $778 $665
Cash Outlay (total cost of property) $62,500 $69,520 $72,220 $69,790 $69,250 $63,850 $67,900 $67,495 $67,900 $71,680 $62,500
4 Financial Assumptions (monthly)
Rent $1,763 $1,800 $1,738 $1,738 $1,688 $1,600 $1,738 $1,738 $1,568 $1,738 $1,513
Property Tax Rate (approximate) 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25%
Property Taxes $375 $424 $443 $426 $422 $384 $413 $410 $413 $439 $375
Insurance $135 $135 $135 $135 $135 $135 $135 $135 $135 $135 $135
Repairs $60 $60 $60 $60 $60 $60 $60 $60 $60 $60 $60
Variable-Cost PM 8.00% 8.00% 8.00% 8.00% 8.00% 8.00% 8.00% 8.00% 8.00% 8.00% 8.00%
Leasing Fee $59 $60 $58 $58 $56 $53 $58 $58 $52 $58 $50
HOA $20 $20 $20 $20 $20 $20 $20 $20 $20 $20 $20
Vacancy Rate 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0%
Total Fixed Monthly Expenses $815 $867 $881 $864 $857 $813 $851 $848 $838 $877 $797
Total Fixed Annual Expenses $9,783 $10,401 $10,571 $10,369 $10,280 $9,753 $10,211 $10,177 $10,061 $10,526 $9,563
A Analysis Summary (5 yrs)
 Net Cash Flow $19,241 $13,178 $6,395 $9,245 $6,984 $8,254 $11,461 $11,936 $1,623 $7,028 $4,774
 Equity Increase $67,683 $78,389 $81,773 $78,684 $77,986 $71,000 $71,636 $71,735 $74,019 $77,283 $67,250
 Total Gain $86,924 $91,567 $88,168 $87,929 $84,970 $79,254 $83,097 $83,671 $75,642 $84,311 $72,024
 Average Cash Flow/Year ____ $2,636 $1,279 $1,849 $1,397 $1,651 $2,292 $2,387 $325 $1,406 $955
 Average Cash Flow/Month $321 $220 $107 $154 $116 $138 $191 $199 $27 $117 $80
 Average Gain/Year $17,385 $18,313 $17,634 $17,586 $16,994 $15,851 $16,619 $16,734 $15,128 $16,862 $14,405
 Average ROI
 Annual ROI 27.8% 26.3% 24.4% 25.2% 24.5% 24.8% 24.5% 24.8% 22.3% 23.5% 23.0%
 Projected Property Value $291,997 $340,663 $355,263 $341,879 $338,838 $308,422 $305,380 $306,597 $318,763 $330,930 $289,563

 

Neighborhood

 

Additional info about the community and townhomes

  • ZONING: Residential
  • POTENTIAL USE: Residential
  • LAND: Lots vary from 2,400 SF to 3,713 SF
  • TRACT CONFIGURATION: Rectangular
  • TOPOGRAPHY: Level
  • GROUND COVER: Typical landscaping
  • UTILITIES: Existing to each unit; No Gas; Each unit has individually metered electric service from the City; Each unit pays water / sewer / trash to City.
  • HVAC: Central HVAC
  • HOT WATER: Each unit has a 50 gallon electric water heater
  • CEILING HEIGHT: 8 – 10’
  • FIREWALL: There is a firewall in the attic between each unit.
  • TAXES: $4,600 – $5,029 per unit
  • HOA: There is an HOA covering the common elements of this property.
  • HOA fees are due in January and are billed on an annual basis at $240 per year.
  • HOA Amenities: Community pool and kids playground
  • LAWN MAINTENANCE: Lawn maintenance is responsibility of landlord / tenant
  • APPLIANCE PACKAGE: Each unit includes: Washer, Dryer, Refrigerator, Stove, Microwave, DW, Disposal
  • PARKING: Each unit has a 2 car garage at the rear of the unit.
  • FLOODPLAIN: Not believed to be in the flood plain
  • LEASE: All units are leased out
  • AGE: Built in 2014

Disclaimer

Information contained herein was obtained from sources deemed reliable, however, Simply Do It and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice.

The analysis is provided “As Is”. All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Simply Do It and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info.

State/county:
Zip: 75067
Country: United States
Open in Google maps
Property ID: 27954
Year Built: 2014
Garage: Garage
Garage Size: 2 Cars
Insurance (mo): 135
Management Fee (mo): 100
HOA (mo): 20
Vacancy Rate (ann): 4
pool
washer and dryer
walkscore0 / Car-Dependent more details here

Leave a reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Contact me

Schedule a showing?

Compare listings