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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $144.12
- 2 Days on Market
- MLS # : 14475659
- Updated Date : 11/28/2020 at 15:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,242 sqft
- Baths : 2 full
Listing Agent
Listing Spark
Listing Agent's Description
Beautiful new construction in a well-maintained neighborhood with mature trees. Quick access to Main St., toll road. This quality home has 3 bedrooms, 2 full bathrooms, and a 1-car garage. The island kitchen has beautiful granite countertops with gray cabinets with soft close doors and drawers. Stainless steel range, microwave, and dishwasher included. Kitchen-Living-dining is open concept accented with decorative beams, crown molding, and 10' ceilings. Each bathroom has a ceramic tile tub surround, as well as granite countertops. Bonus features include full-encapsulation foam insulation, high-efficiency HVAC and a 430 s.f. previously built shop. Alley access available.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 76031
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76031
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,320 |
| EXPENSES | Loan Payment | -$660 |
| Property Tax | -$441 | |
| Property Insurance | -$99 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$21
|
||
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.
$179,000
PROJECTED PRICE
$1,320
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 7.0% |
| 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
$49,435
LOAN DETAILS
$660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $44,750 |
| Loan Amount | $134,250 |
4.83
YEARS SAVED
$10,333
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,320
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,317
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
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- $1,320
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207 Robbins Street Cleburne, TX 1
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LEASED 04/28/20- Rent
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- $1,195
- $1.10
-
802 N Walnut Street Cleburne, TX 2
- 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 2003
LEASED 11/24/20- Rent
- Rent Per SQFT
- $1,200
- $1.00
-
216 Lovelady Cleburne, TX 4
- 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 2020
LEASED 07/14/20- Rent
- Rent Per SQFT
- $1,550
- $1.06
-
1506 N Buffalo Avenue Cleburne, TX 5
- 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 2020
LEASED 11/02/20- Rent
- Rent Per SQFT
- $1,600
- $1.08
PROPERTY LISTING DETAILS
Listing Spark
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14475659
Last Updated: 11/28/2020
