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135 Chillacothe Trail Mabank, TX 75156

3 Beds 2 Baths 1,568 sqft Built 1989

$107,000

List Price

$1,070

$963 - $1.2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $68.24
  • 4 Days on Market
  • MLS # : 14507509
  • Updated Date : 01/27/2021 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,568 sqft
  • Baths : 2 full
Listing Agent

Texas Legacy Property Group

Listing Agent's Description

A Must see... Move in ready remodeled home close to lake. Beautiful views and quiet neighborhood. Enjoy lake life on the weekends, or a place to escape the city and settle down. This one won't last long!

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 75156

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $70k200k

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

Zip Code: 75156

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
Eustace Intermediate School Primary Regular 274 21 6
Eustace Middle School Middle Regular 351 25 5
Eustace High School High Regular 451 40 5

Eustace Intermediate School

  • Education Level: Primary
  • # of students: 274
  • # of teachers: 21
6
GreatSchools Rating

Eustace Middle School

  • Education Level: Middle
  • # of students: 351
  • # of teachers: 25
5
GreatSchools Rating

Eustace High School

  • Education Level: High
  • # of students: 451
  • # of teachers: 40
5
GreatSchools Rating
 

$96,300$117,700$107,000

PURCHASE PRICE

$963$1,177$1,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,070
EXPENSES Loan Payment -$372
Property Tax -$179
Property Insurance -$114
HOA -$15
Property Management Fees -$99
CASH FLOW
$292

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.

$107,000

PROJECTED PRICE

$1,070

PROJECTED RENT

1.00%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 9.6%
Maintenance Year (1-5) 8.00%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$34,105

INVESTMENT

$34,105

Down Payment
$26,750
Rehab Estimate
$5,750
Closing Costs
$1,605

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $26,750
Loan Amount $80,250
See What Happens When You Reinvest Cash Flow

14.58

YEARS SAVED

$25,694

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,070

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $925

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$850
1$8502$1,070
$1,070
RENT COMPS ANALYSIS
  • 135 Chillacothe Trail Mabank, TX 2
    • 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,070
    • $0.68
    •  
  • 101 Circle Drive Mabank, TX 1
    • 3 beds 1 baths ∙ 1,448 Sqft ∙ Built 1974 3 beds 1 baths ∙ 1,448 Sqft ∙ Built 1974
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $850
    • $0.59
    •  
PROPERTY LISTING DETAILS
Scott Wheeler
Texas Legacy Property Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507509
Last Updated: 01/27/2021
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