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103 Doublehorn Street Stephenville, TX 76401

3 Beds 2 Baths 1,449 sqft Built 1984

$150,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $103.52
  • 4 Days on Market
  • MLS # : 14505785
  • Updated Date : 01/30/2021 at 13:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,449 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Handyman Special, Investor and Flippers Welcome. Home being sold As-Is, Seller will not negotiate repairs. 3 bed 2 bath home on a treed lot in the River North Subdivision, just a block from the Soccer Park. This house needs work and is not move in ready. It needs updating and a thorough cleaning as it has not been lived in for 10 years. Slab has a crack in master bedroom, otherwise in great condition. All carpeting has been removed, no appliances, basically a blank canvass that needs to have all of your own touches inside and out. This is an Investors Dream, bring all offers. Open house planned for January 29 and 30, no showings prior to January28.

SEE MORE

MARKET HIGHLIGHTS

  • . 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: 76401

ZipNIR Market*CityMarket2010Year2005 Q3201960k70k80k90k100k110k120k130k140kPrice in $57k146k

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

Zip Code: 76401

No Data Available.

* 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
Hook Elementary School Primary Regular 570 37 6
Stephenville High School High Regular 971 73 6
Central Elementary School Primary Regular 393 23 NA

Hook Elementary School

  • Education Level: Primary
  • # of students: 570
  • # of teachers: 37
6
GreatSchools Rating

Stephenville High School

  • Education Level: High
  • # of students: 971
  • # of teachers: 73
6
GreatSchools Rating

Central Elementary School

  • Education Level: Primary
  • # of students: 393
  • # of teachers: 23
NA
GreatSchools Rating
 

$135,000$165,000$150,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$521
Property Tax -$284
Property Insurance -$108
Property Management Fees -$99
CASH FLOW
$288

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.

$150,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.87%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,500

INVESTMENT

$45,500

Down Payment
$37,500
Rehab Estimate
$5,750
Closing Costs
$2,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$521

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $37,500
Loan Amount $112,500
See What Happens When You Reinvest Cash Flow

12.17

YEARS SAVED

$28,595

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,297

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3003$1,4004$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 103 Doublehorn Street Stephenville, TX 2
    • 3 beds 2 baths ∙ 1,449 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,449 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.90
    •  
  • 1333 Inglewood Drive Stephenville, TX 1
    • 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 1984
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.84
    •  
  • 1202 Meadowlark Lane Stephenville, TX 3
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1977
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.89
    •  
  • 905 Mockingbird Street Stephenville, TX 4
    • 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 1970
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
  • 1357 Inglewood Drive Stephenville, TX 5
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1984
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.02
    •  
PROPERTY LISTING DETAILS
Darrell Best
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505785
Last Updated: 01/30/2021
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