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106 Beech Court Hudson Oaks, TX 76087

3 Beds 2 Baths 2,502 sqft Built 1986

$335,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $133.89
  • 8 Days on Market
  • MLS # : 14467687
  • Updated Date : 11/13/2020 at 09:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,502 sqft
  • Baths : 2 full
Listing Agent

Century 21 Judge Fite Company

Listing Agent's Description

Nice home on a quiet street in Diamond Oaks with 3 bedrooms, 2 baths, 2 large living & 2 dining areas. Kitchen has granite countertops, quality 42 inch raised panel oak cabinets, deep double stainless steel sink & smooth cooktop. Appalachian Stove Model 30-CD fireplace insert in an attractive brick hearth for supplemental heat. Built in china cabinet in the formal dining room. Large walk in shower in the master bath. 23 X 10 covered patio. 12 X 9 workshop with electricity & workbench. 16 X 8 storage building in the back corner. Semicircular drive with lots of trees front & back. Close to HEB store and I-20.

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: 76087

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k392k

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

Zip Code: 76087

ZipNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262325

* 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
Bose Ikard Elementary School Primary Regular 662 45 4
Tison Middle School Middle Regular 554 39 5
Weatherford High School High Regular 2,238 148 6

Bose Ikard Elementary School

  • Education Level: Primary
  • # of students: 662
  • # of teachers: 45
4
GreatSchools Rating

Tison Middle School

  • Education Level: Middle
  • # of students: 554
  • # of teachers: 39
5
GreatSchools Rating

Weatherford High School

  • Education Level: High
  • # of students: 2,238
  • # of teachers: 148
6
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,236
Property Tax -$604
Property Insurance -$172
HOA -$2
Property Management Fees -$99
CASH FLOW
$127

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.

$335,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$31,571

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,277

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,2404$2,495
$2,495
RENT COMPS ANALYSIS
  • 106 Beech Court Hudson Oaks, TX 3
    • 3 beds 2 baths ∙ 2,502 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,502 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.90
    •  
  • 1105 Thistle Hill Trail Weatherford, TX 1
    • 4 beds 2 baths ∙ 2,226 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,226 Sqft ∙ Built 2006
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.94
    •  
  • 123 Crestview Drive Hudson Oaks, TX 2
    • 4 beds 2 baths ∙ 2,445 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,445 Sqft ∙ Built 2002
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.90
    •  
  • 413 Big Creek Road Willow Park, TX 4
    • 3 beds 3 baths ∙ 2,818 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,818 Sqft ∙ Built 1984
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.89
    •  
PROPERTY LISTING DETAILS
Todd Limbocker
Century 21 Judge Fite Company
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467687
Last Updated: 11/13/2020
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