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105 Palomino Lane Krum, TX 76249

4 Beds 3 Baths 2,665 sqft Built 2004

$280,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $105.07
  • 2 Days on Market
  • MLS # : 14526348
  • Updated Date : 03/06/2021 at 16:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,665 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp And Associates Southlake

Listing Agent's Description

Nestled in the quiet, sought-after neighborhood of Saddlebrook Estates, this Four-bedroom Stunner offers an open floorplan with wood floors, Ceramic Tile, NEW Carpet, and Modern lighting throughout. The Spacious eat-in kitchen boasts the finest environment for Creating Meals, and Memories and You'll love the Sizeable Walk-in Pantry. The Gi-normous master suite (w sitting area) has two separate closets, features split vanities, a standing shower, and a tranquil garden tub. With generously sized 2nd & 3rd bedrooms, the 4th could easily be used as a flex space or an in-home office. Settled on a Huge Corner Lot with a Tremendous Backyard, You'll have ample space to install a Pool, and Play. Check it out Today.

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: Saddlebrook Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $114k251k

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

Neighborhood: Saddlebrook Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8371734

* 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
Dodd Intermediate School Primary Regular 309 24 5
Krum Middle School Middle Regular 486 33 5
Krum High School High Regular 596 43 6

Dodd Intermediate School

  • Education Level: Primary
  • # of students: 309
  • # of teachers: 24
5
GreatSchools Rating

Krum Middle School

  • Education Level: Middle
  • # of students: 486
  • # of teachers: 33
5
GreatSchools Rating

Krum High School

  • Education Level: High
  • # of students: 596
  • # of teachers: 43
6
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$973
Property Tax -$563
Property Insurance -$181
HOA -$21
Property Management Fees -$99
CASH FLOW
$113

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.

$280,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 4.2%
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$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$21,048

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,025

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,950
$1,950
RENT COMPS ANALYSIS
  • 105 Palomino Lane Krum, TX 2
    • 4 beds 3 baths ∙ 2,665 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,665 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.73
    •  
  • 1216 Wenatchee Drive Krum, TX 1
    • 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 2004
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.76
    •  
PROPERTY LISTING DETAILS
Robert Echols
Jp And Associates Southlake
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14526348
Last Updated: 03/06/2021
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