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1001 Hyde Park Boulevard Cleburne, TX 76033

3 Beds 2 Baths 1,899 sqft Built 1980

$237,375

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $125.00
  • 2 Days on Market
  • MLS # : 14473461
  • Updated Date : 11/21/2020 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,899 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Well maintained home on corner lot in established neighborhood featuring 3 bedrooms, 2 baths, 2 car garage, backyard deck, and large fenced backyard. Luxury wood look vinyl plank floors throughout. No carpet. Open concept kitchen with service window to back patio. Large living room with vaulted ceiling offers a brick fireplace with gas logs and opens to dining space and kitchen. Master features ensuite updated bath with separate walk in closets and large separate shower. The bedrooms offer walk in closets. Separate utility room for full size washer and dryer includes built in cabinets. New roof and new garage door. Extra wide garage.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Westhill Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $93k243k

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

Neighborhood: Westhill Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9011734

* 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
Gerard Elementary School Primary Regular 531 31 5
Smith Middle School Middle Regular 775 53 4
Cleburne High School High Regular 1,653 110 4

Gerard Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 31
5
GreatSchools Rating

Smith Middle School

  • Education Level: Middle
  • # of students: 775
  • # of teachers: 53
4
GreatSchools Rating

Cleburne High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 110
4
GreatSchools Rating
 

$213,638$261,113$237,375

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$876
Property Tax -$585
Property Insurance -$137
Property Management Fees -$99
CASH FLOW
-$166

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.

$237,375

PROJECTED PRICE

$1,530

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.6%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$68,654

INVESTMENT

$68,654

Down Payment
$59,344
Rehab Estimate
$5,750
Closing Costs
$3,561

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$876

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,344
Loan Amount $178,031
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,159

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,647

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4253$1,5304$1,7505$2,000
$2,000
RENT COMPS ANALYSIS
  • 1001 Hyde Park Boulevard Cleburne, TX 3
    • 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.81
    •  
  • 1510 Surry Place Drive Cleburne, TX 1
    • 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 1980
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.80
    •  
  • 504 S Colonial Drive Cleburne, TX 2
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1974
    LEASED 07/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.88
    •  
  • 1805 Danny Ray Drive Cleburne, TX 4
    • 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 1983
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
  • 802 S Colonial Drive Cleburne, TX 5
    • 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 1961 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 1961
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.92
    •  
PROPERTY LISTING DETAILS
Cheri White
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473461
Last Updated: 11/21/2020
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