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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $132.71
- 4 Days on Market
- MLS # : 14499682
- Updated Date : 01/14/2021 at 03:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,014 sqft
- Baths : 2 full
Listing Agent
Century 21 Mike Bowman, Inc.
Listing Agent's Description
BEAUTIFUL NEW HOME IN THE FABULOUS D.R. HORTON COMMUNITY OF BELCLAIRE IN CLEBURNE & CLEBURNE ISD!~Over 2000 sq ft Single Story Blanco Floorplan Elevation B!*Open Concept with spacious Living,Dining & lrg Chef's Kitchen with gas Range,Seating Island,Granite Countertops,tiled back splash,Butlers Pantry & W-I Pantry*Primary Bedroom & 3 secondary Bedrooms*Mini office in Living area*Light color Designer pkg with Ceramic tiled Entry,Hallways,Kitchen & wet areas*Home is Connected Smart Home Technology,gas tankless water heater,garage door opener,6 foot fenced backyard,covered back Patio,Landscape Package,full Sprinkler System,High-efficiency 16 SEER HVAC*Catch & release pond,Gazebo,Playground,walking trails & more
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
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 | $1,940 |
| EXPENSES | Loan Payment | -$928 |
| Property Tax | -$658 | |
| Property Insurance | -$144 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$78
|
||
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.
$267,280
PROJECTED PRICE
$1,940
PROJECTED RENT
0.73%
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
$72,829
LOAN DETAILS
$928
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,820 |
| Loan Amount | $200,460 |
5.33
YEARS SAVED
$15,438
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,903
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
1300 Dublin Drive Cleburne, TX 3
- 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,940
- $0.96
-
806 Chestnut Grove Drive Cleburne, TX 1
- 4 beds 2 baths ∙ 2,072 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,072 Sqft ∙ Built 2004
LEASED 11/20/19- Rent
- Rent Per SQFT
- $1,695
- $0.82
-
702 Hillcrest Cleburne, TX 2
- 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 2002
LEASED 07/16/20- Rent
- Rent Per SQFT
- $1,795
- $1.07
PROPERTY LISTING DETAILS
Century 21 Mike Bowman, Inc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14499682
Last Updated: 01/14/2021
