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1260 Nate Circle Bullard, TX 75757

3 Beds 2 Baths 1,749 sqft Built 2019

$262,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $149.80
  • 2 Days on Market
  • MLS # : 14481886
  • Updated Date : 12/05/2020 at 09:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,749 sqft
  • Baths : 2 full
Listing Agent

The Standard Realty Group, Llc

Listing Agent's Description

Unique Design and well maintained home in Bullard. This charming 3 bedroom home has all the latest design touches. Upon entering the home you notice the expansive living room with wood beam ceilings. The LR offers you views of the large backyard as well as being open to the dining room and kitchen. The kitchen has a large island, granite, tile backsplash, stainless appliances and a great flow. The home features a split bedroom floor plan. The master bathroom is awesome and there is a large master closet as well with shelves and tons of storage. The backyard is fully fenced and sodded and there is a large covered patio. Put this house on your must see list!

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: 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
 

$235,800$288,200$262,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$967
Property Tax -$505
Property Insurance -$128
Property Management Fees -$99
CASH FLOW
-$68

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.

$262,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.62%

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$71,430

INVESTMENT

$71,430

Down Payment
$65,500
Rehab Estimate
$2,000
Closing Costs
$3,930

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$967

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,500
Loan Amount $196,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,141

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,627

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,630
$1,630
RENT COMPS ANALYSIS
  • 1260 Nate Circle Bullard, TX 2
    • 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.93
    •  
  • 1122 Nate Circle Bullard, TX 1
    • 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 2018
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.93
    •  
PROPERTY LISTING DETAILS
Myriah Boles
The Standard Realty Group, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481886
Last Updated: 12/05/2020
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