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112 E Young Street Howe, TX 75459

3 Beds 2 Baths 1,375 sqft Built 2020

INVESTimate

$209,000

List Price

$1,180

$1,062 - $1,298

Rent Est.

$229,043  ( +9.59%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $152.00
  • 7 Days on Market
  • MLS # : 14417919
  • Updated Date : 08/22/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,375 sqft
  • Baths : 2 full
Listing Agent

Bian Realty

Listing Agent's Description

More photos coming in the next 2 days. Brand new construction to be completed Aug 28. Can be shown anytime. Call or text listing agent.

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: 75459

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $65k202k

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

Zip Code: 75459

No Data Available.

* 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
Howe Elementary School Primary Regular 410 24 5
Howe Middle School Middle Regular 314 26 5
Howe High School High Regular 300 29 5

Howe Elementary School

  • Education Level: Primary
  • # of students: 410
  • # of teachers: 24
5
GreatSchools Rating

Howe Middle School

  • Education Level: Middle
  • # of students: 314
  • # of teachers: 26
5
GreatSchools Rating

Howe High School

  • Education Level: High
  • # of students: 300
  • # of teachers: 29
5
GreatSchools Rating
 

$188,100$229,900$209,000

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$5.0k-$4.0k-$3.0k-$2.0k-$1.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$771
Property Tax -$477
Property Insurance -$102
Property Management Fees -$99
CASH FLOW
-$269

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$209,000

PROJECTED PRICE

$1,180

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 9.59%
Maintenance Year (1-5) 3.00%
Vacancy 6.00%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,385

INVESTMENT

$57,385

Down Payment
$52,250
Rehab Estimate
$2,000
Closing Costs
$3,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,250
Loan Amount $156,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$15

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,416

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,180
1$1,1802$1,4953$1,5454$1,5505$1,575
$1,575
RENT COMPS ANALYSIS
  • 112 E Young Street Howe, TX 1
    • 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.86
    •  
  • 1105 Southridge Lane Sherman, TX 2
    • 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 2020
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.06
    •  
  • 1101 Southridge Lane Sherman, TX 3
    • 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 2020
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.05
    •  
  • 1313 James Street Howe, TX 4
    • 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 2017
    LEASED 04/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.00
    •  
  • 1315 Clegg Street Howe, TX 5
    • 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 2017
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.01
    •  
PROPERTY LISTING DETAILS
Eric Popp
Bian Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417919
Last Updated: 08/22/2020
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