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1025 Portsmouth Place Crowley, TX 76036

4 Beds 3 Baths 2,675 sqft Built 2011

INVESTimate

$365,000

List Price

$1,860

$1,674 - $2,046

Rent Est.

$102,475

Investment Est.

$388,579 ( +6.46%) 1 YR EST. FORECAST

AVAILABLE

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AVAILABLE

1 YEAR
Gross Yield	6.12%
NOI	$4,767

15 YEAR
Yield	-3.79%
Appreciation	3.80%
TOTAL RETURN	12.34%

PROPERTY INFO

August 26, 2020 RECENTLY ADDED

FACTS

Built In 2011
Price/Sqft : $136.45
1 Days on Market
MLS # : 14417512
Updated Date : 08/26/2020 at 04:00

CONSTRUCTION

Beds : 4
Floor Size : 2,675 sqft
Baths : 3 full

Listing Agent

Jp And Associates Fort Worth

Listing Agent's Description

Beautiful Steve Hawkins home with stunning upgrades built in 2011 with a custom beach style pool with rock waterfalls for these hot summer days! Half acre with electric cast iron gate and new roof and HVAC in spring of 2020. Priced to sell! Open house Saturday August 22 from 11-1. Check out the 3D matterport walk through video in the video supplement section. At this price, it won't last long! Seller has a contingent offer on a new build that is just about completed!

1 of 36 X

MARKET HIGHLIGHTS

Dallas Market Report

. 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)

Neighborhood: Mayfair South

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

Neighborhood: Mayfair South

* 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
S.h. Crowley Intermediate School	Primary	Regular	456	26	4
S.h. Crowley Intermediate School	Middle	Regular	456	26	4
Crowley High School	High	Regular	2,033	150	4

S.h. Crowley Intermediate School

Education Level: Primary
# of students: 456
# of teachers: 26

GreatSchools Rating

S.h. Crowley Intermediate School

Education Level: Middle
# of students: 456
# of teachers: 26

GreatSchools Rating

Crowley High School

Education Level: High
# of students: 2,033
# of teachers: 150

GreatSchools Rating

FINANCIALS

Learn how to read this

$328,500$401,50000$365,000

PURCHASE PRICE

$1,674$2,04600$1,860

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,860
EXPENSES	Loan Payment	-$1,347
	Property Tax	-$904
	Property Insurance	-$182
	HOA	-$13
	Property Management Fees	-$99



CASH FLOW -$684

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$365,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.94%
Appreciation Year (1-5)	6.46%
Maintenance Year (1-5)	8.00%
Vacancy	6.93%
Length of Stay Years	2

TOTAL CASH OUT OF POCKET

INVESTMENT

$102,475

Down Payment	$91,250
Rehab Estimate	$5,750
Closing Costs	$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$91,250
Loan Amount	$273,750

See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$21

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,860
LIST RENT
$0.7
LIST RENT PER SQFT

$1,859
COMP ESTIMATED VALUE
$0.7
COMP AVG. RENT PER SQFT

Comps Range

$1,650

1$1,6502$1,7503$1,7504$1,8605$1,975

$1,975

RENT COMPS ANALYSIS

2,675
PROPERTY SQFT
$0.7
AVG RENT PER SQFT
$1,859
ESTIMATED VALUE
$1,860
LIST RENT

1025 Portsmouth Place Crowley, TX 5

4 beds 3 baths ∙ 2,675 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,675 Sqft ∙ Built 2011
Price

Price Per SQFT

$365,000

$136.45
10311 Fort Crockett Trail Fort Worth, TX 1

5 beds 3 baths ∙ 2,772 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,772 Sqft ∙ Built 2019
SOLD 03/18/20
Price

Price Per SQFT

$248,990

$89.82
1017 Oarlock Drive Crowley, TX 2

4 beds 4 baths ∙ 2,671 Sqft ∙ Built 2011 4 beds 4 baths ∙ 2,671 Sqft ∙ Built 2011
SOLD 03/06/20
Price

Price Per SQFT

$249,900

$93.56
10230 Fort Brown Trail Fort Worth, TX 3

4 beds 3 baths ∙ 2,541 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,541 Sqft ∙ Built 2020
SOLD 08/18/20
Price

Price Per SQFT

$250,990

$98.78
2820 London Lane Crowley, TX 4

4 beds 3 baths ∙ 2,699 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 1998
SOLD 08/11/20
Price

Price Per SQFT

$360,000

$133.38

1025 Portsmouth Place Crowley, TX 4

4 beds 3 baths ∙ 2,675 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,675 Sqft ∙ Built 2011
Rent

Rent Per SQFT

$1,860

$0.70
1209 Saltgrass Drive Crowley, TX 1

4 beds 3 baths ∙ 2,532 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 2006
LEASED 07/12/19
Rent

Rent Per SQFT

$1,650

$0.65
1004 Junegrass Lane Crowley, TX 2

4 beds 3 baths ∙ 2,339 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,339 Sqft ∙ Built 2014
LEASED 03/01/19
Rent

Rent Per SQFT

$1,750

$0.75
2716 Birmingham Briar Drive Crowley, TX 3

3 beds 3 baths ∙ 2,501 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,501 Sqft ∙ Built 1995
LEASED 11/23/19
Rent

Rent Per SQFT

$1,750

$0.70
1133 Beaverwood Lane Crowley, TX 5

5 beds 3 baths ∙ 2,912 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,912 Sqft ∙ Built 2006
LEASED 02/22/20
Rent

Rent Per SQFT

$1,975

$0.68

PROPERTY LISTING DETAILS

Sarah Dieter
Jp And Associates Fort Worth

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417512
Last Updated: 08/26/2020

1025 Portsmouth Place Crowley, TX 76036

INVESTimate

$365,000

$1,860

$102,475

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

S.h. Crowley Intermediate School

S.h. Crowley Intermediate School

Crowley High School

FINANCIALS

$328,500$401,50000$365,000

$1,674$2,04600$1,860

Acquisition Concierge

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$365,000

$1,860

0.51%

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,347

-0.17

-$21

$365,000

$136.45

$277,892

$103.89

COMPS RANGE

PRICE COMPS ANALYSIS

$1,860

$0.7

$1,859

$0.7

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS