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11555 Buttercup Lane Justin, TX 76247

3 Beds 2 Baths 1,120 sqft Built 1989

$200,000

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $178.57
  • 5 Days on Market
  • MLS # : 14463197
  • Updated Date : 10/30/2020 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,120 sqft
  • Baths : 2 full
Listing Agent

United Real Estate Dfw

Listing Agent's Description

Two acres out in the country. This will be sold AS-IS with acreage. Great access to 156 and to 114 and the area in the Northwest ISD area. This has potential to be fixed up or you can start from scratch! This will not last long! Bring your buyers!

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: 76247

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 76247

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10532171

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

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

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$738
Property Tax -$417
Property Insurance -$92
Property Management Fees -$99
CASH FLOW
-$106

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

$1,240

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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$6.0k

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 65% 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

2.33

YEARS SAVED

$3,952

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,232

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,240
1$1,2402$1,4503$1,4504$1,4755$1,550
$1,550
RENT COMPS ANALYSIS
  • 11555 Buttercup Lane Justin, TX 1
    • 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $1.11
    •  
  • 1700 Thorntree Lane Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 2007
    property image
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.05
    •  
  • 1900 Foxfield Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 2007
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.15
    •  
  • 16701 Windthorst Way Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 2006
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.07
    •  
  • 16128 Windsong Court Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 2004
    property image
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.13
    •  
PROPERTY LISTING DETAILS
Shelly Woodcox Unruh
United Real Estate Dfw
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463197
Last Updated: 10/30/2020
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