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1094 County Road 141 Kaufman, TX 75142

3 Beds 2 Baths 1,288 sqft Built 1997

$200,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $155.28
  • 4 Days on Market
  • MLS # : 14469619
  • Updated Date : 11/12/2020 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,288 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Central

Listing Agent's Description

Charming Kaufman home sits on an acre of land that features a 30x30 workshop with electricity! This home offers 3 spacious bedrooms, 2 full baths & additional room that can be used as study, playroom or mancave. Laminate flooring in main living areas & bedrooms and tile in kitchen & wet areas. Kitchen has plenty of cabinets, built-in micro, electric oven, dishwasher & separate eating area. Separate laundry room with built-in cabinets and storage area can be used as walk-in pantry. Tall ceiling in master gives great natural light. PLUS an amazing extensive covered porch, great for entertaining or relaxing and enjoying the beautiful land. New paint throughout. Come on by and take a look, this one won't last!

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: 75142

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $80k243k

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

Zip Code: 75142

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Lucille Nash Intermediate School Primary Regular 538 34 5
Lucille Nash Intermediate School Middle Regular 538 34 5
Kaufman High School High Regular 957 69 4

Lucille Nash Intermediate School

  • Education Level: Primary
  • # of students: 538
  • # of teachers: 34
5
GreatSchools Rating

Lucille Nash Intermediate School

  • Education Level: Middle
  • # of students: 538
  • # of teachers: 34
5
GreatSchools Rating

Kaufman High School

  • Education Level: High
  • # of students: 957
  • # of teachers: 69
4
GreatSchools Rating
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$738
Property Tax -$529
Property Insurance -$102
Property Management Fees -$99
CASH FLOW
-$128

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.

$200,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,000

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,288

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,550
$1,550
RENT COMPS ANALYSIS
  • 1094 County Road 141 Kaufman, TX 1
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $1.04
    •  
  • 2432 County Road 141 Kaufman, TX 2
    • 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1994
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.00
    •  
PROPERTY LISTING DETAILS
Amy Downs
Keller Williams Central
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469619
Last Updated: 11/12/2020
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