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1116 Princeton Place Euless, TX 76040

3 Beds 2 Baths 1,672 sqft Built 1991

$270,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $161.48
  • 4 Days on Market
  • MLS # : 14515652
  • Updated Date : 02/13/2021 at 23:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,672 sqft
  • Baths : 2 full
Listing Agent

Beam Real Estate, Llc

Listing Agent's Description

Great central location, MOVE IN READY, single story home has 3 bedroom split plan, 2 bath. New Granite countertop, dishwasher, range and microwave oven. New huge covered patio. Open living to dining and kitchen. Nice storage shed in the backyard. No HOA. All of this situated in a convenient, friendly neighborhood with outstanding schools, close to major freeways, DFW airport, shopping, entertainment, restaurants and medical facilities. This one won't last long!!

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: 76040

ZipNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240kPrice in $122k243k

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

Zip Code: 76040

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9471808

* 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
Trinity High School High Regular 2,416 136 7

Trinity High School

  • Education Level: High
  • # of students: 2,416
  • # of teachers: 136
7
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$938
Property Tax -$524
Property Insurance -$124
Property Management Fees -$99
CASH FLOW
$25

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.

$270,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.5%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$14,176

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,781

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,645
1$1,6452$1,6503$1,6854$1,7005$1,710
$1,710
RENT COMPS ANALYSIS
  • 1116 Princeton Place Euless, TX 5
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $1.02
    •  
  • 1202 Trenton Lane Euless, TX 1
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1990
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.09
    •  
  • 1210 Trenton Lane Euless, TX 2
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1989
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
  • 1107 Middlebury Lane Euless, TX 3
    • 3 beds 2 baths ∙ 1,541 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,541 Sqft ∙ Built 1992
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $1.09
    •  
  • 1204 Saratoga Drive Euless, TX 4
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1988
    property image
    LEASED 01/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.06
    •  
PROPERTY LISTING DETAILS
Sheeba Mathai
Beam Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14515652
Last Updated: 02/13/2021
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