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112 Chloe Court Boyd, TX 76023

4 Beds 2 Baths 2,024 sqft Built 2015

$363,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $179.35
  • 3 Days on Market
  • MLS # : 14503694
  • Updated Date : 01/22/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,024 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

BEAUTIFY COUNTRY HOME IN QUIET SURROUNDINGS WITH ROOM TO BREATH. THIS ONE OWNER HOME ON 1 PARTIALLY FENCED ACRE WAS CUSTOMIZED WITH SPECIAL LIGHTING, HIGHEND TRIM AND APPOINTMENT FEATURES. WARM AND INVITING SPLIT FLOORPLAN WITH GRAND HIGH CEILINGS. LOTS OF SPECIAL TOUCHES THAT MAKE A HOUSE A HOME. IT HAS TRUELY BEEN LOVED AND IT SHOWS.

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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

Zip Code: 76023

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $96k243k

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

Zip Code: 76023

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7861734

* 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
Reno Elementary School Primary Regular 337 25 3
Springtown Middle School Middle Regular 530 35 6
Springtown High School High Regular 912 72 5

Reno Elementary School

  • Education Level: Primary
  • # of students: 337
  • # of teachers: 25
3
GreatSchools Rating

Springtown Middle School

  • Education Level: Middle
  • # of students: 530
  • # of teachers: 35
6
GreatSchools Rating

Springtown High School

  • Education Level: High
  • # of students: 912
  • # of teachers: 72
5
GreatSchools Rating
 

$326,700$399,300$363,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,261
Property Tax -$597
Property Insurance -$144
Property Management Fees -$99
CASH FLOW
-$311

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.

$363,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 11.7%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,945

INVESTMENT

$101,945

Down Payment
$90,750
Rehab Estimate
$5,750
Closing Costs
$5,445

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,261

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,750
Loan Amount $272,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,692

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,741

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,800
$1,800
RENT COMPS ANALYSIS
  • 112 Chloe Court Boyd, TX 1
    • 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.88
    •  
  • 377 Mcvoid Road Springtown, TX 2
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2008
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
PROPERTY LISTING DETAILS
Liz Longoria
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14503694
Last Updated: 01/22/2021
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