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116 Bowie Circle Brownwood, TX 76801

3 Beds 2 Baths 1,849 sqft Built 1982

$169,000

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $91.40
  • 7 Days on Market
  • MLS # : 14475666
  • Updated Date : 11/23/2020 at 11:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,849 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Wonderful family home full of space and updates for the growing little family. The home has been handsomely updated with fresh paint and flooring. This will make a excellent home for the family looking for a little more space in a nice neighborhood. Large back patio for family gatherings. Close to great schools and parks. Give us a call today for a private tour of this beautiful home.

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: 76801

ZipNIR Market*CityMarket2010Year2005 Q3201960k70k80k90k100k110k120k130kPrice in $58k135k

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

Zip Code: 76801

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
Coggin Elementary School Primary Regular 285 17 3
Brownwood Middle School Middle Regular 506 40 5
Brownwood High School High Regular 865 66 4

Coggin Elementary School

  • Education Level: Primary
  • # of students: 285
  • # of teachers: 17
3
GreatSchools Rating

Brownwood Middle School

  • Education Level: Middle
  • # of students: 506
  • # of teachers: 40
5
GreatSchools Rating

Brownwood High School

  • Education Level: High
  • # of students: 865
  • # of teachers: 66
4
GreatSchools Rating
 

$152,100$185,900$169,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$624
Property Tax -$242
Property Insurance -$130
Property Management Fees -$99
CASH FLOW
$156

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.

$169,000

PROJECTED PRICE

$1,250

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 2.9%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,535

INVESTMENT

$50,535

Down Payment
$42,250
Rehab Estimate
$5,750
Closing Costs
$2,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$624

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,250
Loan Amount $126,750
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$20,076

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,461

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,500
$1,500
RENT COMPS ANALYSIS
  • 116 Bowie Circle Brownwood, TX 1
    • 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.68
    •  
  • 2003 Belmeade Street Brownwood, TX 2
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1968
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.79
    •  
PROPERTY LISTING DETAILS
Earl Bilbrey
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475666
Last Updated: 11/23/2020
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