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116 Easy Goer Trail Caddo Mills, TX 75135

4 Beds 2 Baths 1,836 sqft Built 2020

INVESTimate

$210,990

List Price

$1,290

$1,161 - $1,419

Rent Est.

$227,025  ( +7.60%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $114.92
  • 4 Days on Market
  • MLS # : 14419271
  • Updated Date : 08/23/2020 at 07:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,836 sqft
  • Baths : 2 full
Listing Agent

Jeanette Anderson Real Estate

Listing Agent's Description

New! Super cute, four bedroom, two bath with open floor plan and covered patio. Home includes, island kitchen, granite counters throughout, LED lighting, full sprinkler system and much more! Located in a desirable neighborhood in Caddo Mills ISD with community pool and playground, easy access to surrounding areas. Schedule a tour today! Stage 5

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: 75135

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $84k243k

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

Zip Code: 75135

ZipNIR Market*Market2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

* 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
Caddo Mills High School High Regular 447 33 6

Caddo Mills High School

  • Education Level: High
  • # of students: 447
  • # of teachers: 33
6
GreatSchools Rating
 

$189,891$232,089$210,990

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$778
Property Tax -$387
Property Insurance -$133
HOA -$38
Property Management Fees -$99
CASH FLOW
-$145

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.

$210,990

PROJECTED PRICE

$1,290

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.60%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,912

INVESTMENT

$57,912

Down Payment
$52,748
Rehab Estimate
$2,000
Closing Costs
$3,165

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$778

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,748
Loan Amount $158,243
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,415

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,248

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,075
1$1,0752$1,2503$1,290
$1,290
RENT COMPS ANALYSIS
  • 116 Easy Goer Trail Caddo Mills, TX 3
    • 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.70
    •  
  • 3571 W County Road 2621 Road Caddo Mills, TX 1
    • 4 beds 2 baths ∙ 2,016 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,016 Sqft ∙ Built 2000
    LEASED 03/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $0.53
    •  
  • 3437 W Caddo Drive Caddo Mills, TX 2
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2017
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.83
    •  
PROPERTY LISTING DETAILS
Bryan Reasor
Jeanette Anderson Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419271
Last Updated: 08/23/2020
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