Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1226 Hitching Post Circle Bullard, TX 75757

4 Beds 3 Baths 1,889 sqft Built 2020

$279,900

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $148.17
  • 5 Days on Market
  • MLS # : 14463382
  • Updated Date : 10/30/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,889 sqft
  • Baths : 2 full , 1 half
Listing Agent

Newberry Real Estate

Listing Agent's Description

Fantastic new build in Bullard Creek Ranch! Open floorplan, vaulted ceilings, & large windows all make the living & dining area look and feel spacious. Spectacular kitchen with large island, granite countertops, gas cooktop, stainless appliances, gorgeous backsplash, and huge walk-in pantry. Split floorplan gives the master extra privacy. En suite bath has all the amenities you'll enjoy like a garden tub, separate shower, dual vanities, water closet, and large walk-in closet that connects to the upgraded utility room. Three guest bedrooms all have great closet space. A guest bath and half bath complete the inside of this home. Nice back porch and a private, fenced back yard. Come see this one before it's gone!

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: 75757

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $68k235k

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

Zip Code: 75757

ZipNIR Market*CityMarket2015Year20102019 Q2100010501100115012001250130013501400145015001550160016501700Rent in $10001718

* 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
Bullard Elementary School Primary Regular 522 37 8
Bullard Middle School Middle Regular 375 27 8
Bullard Middle School High Regular 375 27 8

Bullard Elementary School

  • Education Level: Primary
  • # of students: 522
  • # of teachers: 37
8
GreatSchools Rating

Bullard Middle School

  • Education Level: Middle
  • # of students: 375
  • # of teachers: 27
8
GreatSchools Rating

Bullard Middle School

  • Education Level: High
  • # of students: 375
  • # of teachers: 27
8
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,033
Property Tax -$602
Property Insurance -$136
HOA -$21
Property Management Fees -$99
CASH FLOW
-$70

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$279,900

PROJECTED PRICE

$1,820

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 1.9%
Maintenance Year (1-5) 3.00%
Vacancy 10.10%
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$8.0k

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$76,174

INVESTMENT

$76,174

Down Payment
$69,975
Rehab Estimate
$2,000
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,839

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,757

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,820
$1,820
RENT COMPS ANALYSIS
  • 1226 Hitching Post Circle Bullard, TX 2
    • 4 beds 3 baths ∙ 1,889 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,889 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.96
    •  
  • 1122 Nate Circle Bullard, TX 1
    • 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 2018
    property image
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.93
    •  
PROPERTY LISTING DETAILS
Brad Newberry
Newberry Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463382
Last Updated: 10/30/2020
BESbswy