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1342 Green Field Gainesville, TX 76240

3 Beds 2 Baths 2,005 sqft Built 2021

$295,297

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $147.28
  • 5 Days on Market
  • MLS # : 14512216
  • Updated Date : 02/03/2021 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,005 sqft
  • Baths : 2 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14512216 - Built by McClintock Homes - March completion! ~ 3 bedroom, 2 bath with an optional study. Granite countertops, a kitchen island, and a covered patio are just a few of the amenities that await you in the spacious Cogburn floorplan. Walk to schools! Visit us in Sable Creek today!!!

SEE MORE

MARKET HIGHLIGHTS

  • 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: 76240

ZipNIR Market*CityMarket20102015Year2006201980k90k100k110k120k130k140k150k160kPrice in $74k167k

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

Zip Code: 76240

No Data Available.

* 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
Robert E Lee Intermediate School Primary Regular 449 30 3
Gainesville Middle School Middle Regular 391 29 5
Gainesville High School High Regular 719 55 3

Robert E Lee Intermediate School

  • Education Level: Primary
  • # of students: 449
  • # of teachers: 30
3
GreatSchools Rating

Gainesville Middle School

  • Education Level: Middle
  • # of students: 391
  • # of teachers: 29
5
GreatSchools Rating

Gainesville High School

  • Education Level: High
  • # of students: 719
  • # of teachers: 55
3
GreatSchools Rating
 

$265,767$324,827$295,297

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,026
Property Tax -$654
Property Insurance -$139
HOA -$60
Property Management Fees -$99
CASH FLOW
-$237

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$295,297

PROJECTED PRICE

$1,740

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 3.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$80,254

INVESTMENT

$80,254

Down Payment
$73,824
Rehab Estimate
$2,000
Closing Costs
$4,429

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,026

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,824
Loan Amount $221,473
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$241

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,684

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,740
$1,740
RENT COMPS ANALYSIS
  • 1342 Green Field Gainesville, TX 2
    • 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2021 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.87
    •  
  • 1403 S Howeth Street Gainesville, TX 1
    • 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 2003
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.84
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14512216
Last Updated: 02/03/2021
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