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117 Frank Street Greenville, TX 75402

3 Beds 2 Baths 1,605 sqft Built 2019

$245,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $152.65
  • 4 Days on Market
  • MLS # : 14533493
  • Updated Date : 03/26/2021 at 11:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,605 sqft
  • Baths : 2 full
Listing Agent

Lucky Bamboo Realty Llc

Listing Agent's Description

Nice sweet home, located in south Greenville with nice neighborhood. open kitchen floor plan with granite countertop & stainless steel appliance..Charming back yard with nice cover porch.A MUST SEE!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Zip Code: 75402

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $68k243k

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

Zip Code: 75402

ZipNIR Market*Market2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Bowie Elementary School Primary Regular 480 31 4
6th Grade Center Middle Regular 318 25 3
Greenville High School High Regular 1,077 89 5

Bowie Elementary School

  • Education Level: Primary
  • # of students: 480
  • # of teachers: 31
4
GreatSchools Rating

6th Grade Center

  • Education Level: Middle
  • # of students: 318
  • # of teachers: 25
3
GreatSchools Rating

Greenville High School

  • Education Level: High
  • # of students: 1,077
  • # of teachers: 89
5
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$851
Property Tax -$551
Property Insurance -$120
Property Management Fees -$99
CASH FLOW
-$211

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.

$245,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$700

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,577

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,410
1$1,4102$1,5003$1,6004$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 117 Frank Street Greenville, TX 1
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.88
    •  
  • 141 Frank Greenville, TX 2
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2020
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.93
    •  
  • 119 Frank Street Greenville, TX 3
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2019
    property image
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
  • 107 Frank Street Greenville, TX 4
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2019
    property image
    LEASED 02/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
  • 104 Frank Street Greenville, TX 5
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2019
    property image
    LEASED 03/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
PROPERTY LISTING DETAILS
Eva Tsai
Lucky Bamboo Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14533493
Last Updated: 03/26/2021
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