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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $126.95
- 6 Days on Market
- MLS # : 14479401
- Updated Date : 12/04/2020 at 12:37
CONSTRUCTION
- Beds : 3
- Floor Size : 1,410 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
This great home is the perfect size for any stage in life. Have kids? This home is close to Gerard grade school and Smith middle school. Commute to Ft. Worth? It is so easy to get onto Chisholm Trail. Featuring beautiful wood floors, the spacious living room showcases a brick wood burning fireplace to keep you cozy warm on these cold winter nights. Not enough, how about split bedrooms? Or a street facing sunlit kitchen offering a suite of stainless appliances? Or a garden tub to soak away the days worries? Or a pretty landscaped, fenced yard? Or, a Sprinkler system? Or, a storage building for all your extra goodies? Or a nice covered patio? What are you waiting for? You know you want to see it.
SEE MORE
- 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
Neighborhood: Winchester
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Winchester
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,330 |
| EXPENSES | Loan Payment | -$660 |
| Property Tax | -$465 | |
| Property Insurance | -$109 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$3
|
||
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.
$179,000
PROJECTED PRICE
$1,330
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$53,185
LOAN DETAILS
$660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $44,750 |
| Loan Amount | $134,250 |
4.25
YEARS SAVED
$8,554
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,330
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,234
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
1314 Hyde Park Boulevard Cleburne, TX 3
- 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $1,330
- $0.94
-
1202 Spell Avenue Cleburne, TX 1
- 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1998
LEASED 10/20/19- Rent
- Rent Per SQFT
- $1,300
- $0.88
-
1107 Hemphill Court Cleburne, TX 2
- 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1984
LEASED 07/08/19- Rent
- Rent Per SQFT
- $1,325
- $0.87
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14479401
Last Updated: 12/04/2020
