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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $114.38
- 1 Days on Market
- MLS # : 14505586
- Updated Date : 01/23/2021 at 23:02
CONSTRUCTION
- Beds : 4
- Floor Size : 2,482 sqft
- Baths : 3 full
Listing Agent
Century 21 Mike Bowman, Inc.
Listing Agent's Description
NEW CONSTRUCTION in D.R. HORTON'S BEAUTIFUL COMMUNITY of BELCLAIRE in CLEBURNE & CLEBURNE ISD!~Striking 2 Story Cimarron Floorplan with front Study on corner lot~(Elev C)~Est completion January*2 story 4-3-2 car Garage,(with storage bump out)*Primary Bedroom & 2 Bedrooms down*1 Bedroom,Gameroom,full bath upstairs*Open concept Living,Dining & Kitchen with Granite countertops,tiled Backsplash,SS Gas Range & walk-in Pantry*Designer Pkg including Tiled Entry,Halls & Wet areas*Privacy fenced backyard,*Covered oversize back Patio,Landscape Package with Full Sod & Sprinkler System*Tankless gas water heater,Garage Door opener,Home is connected Smart Home technology*High-efficiency 16 SEER HVAC System & much more!
SEE MORE
- 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: 76033
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76033
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$986 |
| Property Tax | -$699 | |
| Property Insurance | -$171 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$338
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$283,900
PROJECTED PRICE
$1,650
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 7.5% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,234
LOAN DETAILS
$986
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $70,975 |
| Loan Amount | $212,925 |
0.17
YEARS SAVED
$40
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$0.66
LIST RENT PER SQFT
-
$1,688
COMP ESTIMATED VALUE -
$0.68
COMP AVG. RENT PER SQFT
Comps Range
-
1219 Dublin Drive Cleburne, TX 1
- 4 beds 3 baths ∙ 2,482 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,482 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $1,650
- $0.66
-
1721 Cross Creek Lane Cleburne, TX 2
- 5 beds 3 baths ∙ 2,633 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,633 Sqft ∙ Built 2018
LEASED 07/30/19- Rent
- Rent Per SQFT
- $1,800
- $0.68
PROPERTY LISTING DETAILS
Century 21 Mike Bowman, Inc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14505586
Last Updated: 01/23/2021
