Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

114 Candlewood Circle Gainesville, TX 76240

3 Beds 2 Baths 1,575 sqft Built 2015

$174,900

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $111.05
  • 1 Days on Market
  • MLS # : 14475757
  • Updated Date : 11/22/2020 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,575 sqft
  • Baths : 2 full
Listing Agent

Re/max First Realty

Listing Agent's Description

This home will not last long! Schedule a viewing today! Its a beautiful 3 bedroom, 2 bathroom, 2 car garage home on a huge lot in a quiet neighborhood outside the hustle and bustle of the city of Gainesville! This cute home has an open floor plan and split bedrooms! Island kitchen with 42 inch wood cabinets. Master suite with large walk-in closet. The backyard has a 6 foot privacy fence and a nice shed. Come quick!

SEE MORE

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: 76240

ZipNIR Market*CityMarket20102015Year2006201980k90k100k110k120k130k140k150k160kPrice in $74k167k

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

Zip Code: 76240

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
Robert E Lee Intermediate School Primary Regular 449 30 3
Gainesville Middle School Middle Regular 391 29 5
Gainesville High School High Regular 719 55 3

Robert E Lee Intermediate School

  • Education Level: Primary
  • # of students: 449
  • # of teachers: 30
3
GreatSchools Rating

Gainesville Middle School

  • Education Level: Middle
  • # of students: 391
  • # of teachers: 29
5
GreatSchools Rating

Gainesville High School

  • Education Level: High
  • # of students: 719
  • # of teachers: 55
3
GreatSchools Rating
 

$157,410$192,390$174,900

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$645
Property Tax -$387
Property Insurance -$115
Property Management Fees -$99
CASH FLOW
$144

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.

$174,900

PROJECTED PRICE

$1,390

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
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$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,099

INVESTMENT

$52,099

Down Payment
$43,725
Rehab Estimate
$5,750
Closing Costs
$2,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$645

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $43,725
Loan Amount $131,175
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$16,743

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,528

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,6003$1,6504$1,675
$1,675
RENT COMPS ANALYSIS
  • 114 Candlewood Circle Gainesville, TX 1
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.88
    •  
  • 211 Candlewood Circle Gainesville, TX 2
    • 4 beds 2 baths ∙ 1,794 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,794 Sqft ∙ Built 2015
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
  • 1123 Vintage Avenue Gainesville, TX 3
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2020
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
  • 3502 Columbus Street Gainesville, TX 4
    • 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 2014
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.98
    •  
PROPERTY LISTING DETAILS
Kelly Bob Bayer
Re/max First Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475757
Last Updated: 11/22/2020
BESbswy