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1314 Hyde Park Boulevard Cleburne, TX 76033

3 Beds 2 Baths 1,410 sqft Built 1996

$179,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
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

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

Neighborhood: Winchester

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $93k243k

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

Neighborhood: Winchester

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9011734

* 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
Gerard Elementary School Primary Regular 531 31 5
Smith Middle School Middle Regular 775 53 4
Cleburne High School High Regular 1,653 110 4

Gerard Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 31
5
GreatSchools Rating

Smith Middle School

  • Education Level: Middle
  • # of students: 775
  • # of teachers: 53
4
GreatSchools Rating

Cleburne High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 110
4
GreatSchools Rating
 

$161,100$196,900$179,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,185

INVESTMENT

$53,185

Down Payment
$44,750
Rehab Estimate
$5,750
Closing Costs
$2,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,750
Loan Amount $134,250
See What Happens When You Reinvest Cash Flow

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
$1,300
1$1,3002$1,3253$1,330
$1,330
RENT COMPS ANALYSIS
  • 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
Shirley Johnson
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14479401
Last Updated: 12/04/2020
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