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104 Private Road 1295 Fairfield, TX 75840

3 Beds 2 Baths 2,469 sqft Built 1998

$375,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

October 27, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $151.88
  • 8 Days on Market
  • MLS # : 14461323
  • Updated Date : 10/27/2020 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,469 sqft
  • Baths : 2 full
Listing Agent

Premier Realty

Listing Agent's Description

If you want the finest it's yours in this marvelous 3 bedroom, 2 bath traditional style home complete with a newly remodeled kitchen and a luscious master. Your family will love the open concept with spilt bedroom floor plan, swimming in the hot summer days in the inground pool, working on projecting in the shop, practicing batting in the batting cage, and throwing horse shoes while hanging out under the covered porch on the shop! Grab the opportunity to come view this quality & superb comfort listing today!

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: 75840

ZipNIR Market*CityMarket20102015Year2007201970k80k90k100k110k120k130k140k150k160k170kPrice in $61k175k

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

Zip Code: 75840

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
Fairfield Elementary School Primary Regular 466 29 NA
Fairfield Junior High School Middle Regular 398 31 5
Fairfield High School High Regular 495 46 7

Fairfield Elementary School

  • Education Level: Primary
  • # of students: 466
  • # of teachers: 29
NA
GreatSchools Rating

Fairfield Junior High School

  • Education Level: Middle
  • # of students: 398
  • # of teachers: 31
5
GreatSchools Rating

Fairfield High School

  • Education Level: High
  • # of students: 495
  • # of teachers: 46
7
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,384
Property Tax -$708
Property Insurance -$164
HOA -$17
Property Management Fees -$99
CASH FLOW
-$982

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.

$375,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 2.0%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$18k-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$1,624

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.56

    LIST RENT PER SQFT
  • $1,284

    COMP ESTIMATED VALUE
  • $0.52

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,400
$1,400
RENT COMPS ANALYSIS
  • 104 Private Road 1295 Fairfield, TX 1
    • 3 beds 2 baths ∙ 2,469 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,469 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.56
    •  
  • 105 Pr 1279 Fairfield, TX 2
    • 3 beds 3 baths ∙ 2,697 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,697 Sqft ∙ Built 1981
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.52
    •  
PROPERTY LISTING DETAILS
Taylor German
Premier Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461323
Last Updated: 10/27/2020
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