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1300 Rodden Drive Decatur, TX 76234

3 Beds 2 Baths 1,963 sqft Built 2000

$273,900

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $139.53
  • 1 Days on Market
  • MLS # : 14488890
  • Updated Date : 12/19/2020 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,963 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Beautiful drive-up to this single story home on a cul-de-sac lot! This home offers 3 bedrooms, 2 full bathrooms and is situated on almost a quarter acre. Grand entry flows into the spacious living room that offers vaulted beamed ceilings and a gorgeous wall of windows and french doors that filter in an abundance of natural light. You will enjoy the kitchen and the generous amount of cabinetry and the charming breakfast nook that has a pleasing view of the large backyard. Primary bedroom is separate from the secondary bedrooms and features trayed ceilings and an ensuite bathroom that is sure to please with a jetted tub and a large walk-in closet. Convenient location between Hwy 287 and 380.

SEE MORE

MARKET HIGHLIGHTS

  • # 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: 76234

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $96k243k

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

Zip Code: 76234

ZipNIR Market*Market2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

* 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
Decatur High School High Regular 897 59 5

Decatur High School

  • Education Level: High
  • # of students: 897
  • # of teachers: 59
5
GreatSchools Rating
 

$246,510$301,290$273,900

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,011
Property Tax -$566
Property Insurance -$141
Property Management Fees -$99
CASH FLOW
-$6

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$273,900

PROJECTED PRICE

$1,810

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$78,334

INVESTMENT

$78,334

Down Payment
$68,475
Rehab Estimate
$5,750
Closing Costs
$4,109

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,011

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,475
Loan Amount $205,425
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$14,597

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,042

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,810
1$1,8102$2,0003$2,200
$2,200
RENT COMPS ANALYSIS
  • 1300 Rodden Drive Decatur, TX 1
    • 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.92
    •  
  • 316 College Court Decatur, TX 2
    • 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 2017
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.12
    •  
  • 2924 Josie Drive Decatur, TX 3
    • 3 beds 2 baths ∙ 2,287 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,287 Sqft ∙ Built 2019
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.96
    •  
PROPERTY LISTING DETAILS
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488890
Last Updated: 12/19/2020
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