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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $127.11
- 3 Days on Market
- MLS # : 14499720
- Updated Date : 01/15/2021 at 00:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,110 sqft
- Baths : 2 full
Listing Agent
Century 21 Mike Bowman, Inc.
Listing Agent's Description
STUNNING SINGLE STORY 4-2-2 in D.R. HORTON'S COMMUNITY of BELCLAIRE in CLEBURNE & CLEBURNE ISD!~Crownpoint Floor Plan~(Elev B)Est completion March~This is the home that feels bigger*Unique & spacious Living,Dining & Chef's Kitchen,Gas Range,Seating Island,Granite Countertops,Tiled back splash & walk-in Pantry*Lrg primary Bedroom with dual sink Vanity,over sized Shower & Walk-in Closet with built-ins*Designer Pkg including Wood look tiled Entry,Halls & Wet areas,Home is Connected Smart Home Technology,6 foot fenced backyard,lrg covered back Patio,full Sprinkler System,16 SEER HVAC system & more!*Neighborhood has a catch & release fishing pond,gazebo,playground & beautiful walking trails with amazing scenery
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Zip Code: 76033
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76033
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$932 |
| Property Tax | -$660 | |
| Property Insurance | -$149 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$143
|
||
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.
$268,195
PROJECTED PRICE
$1,730
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 7.5% |
| 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
$73,072
LOAN DETAILS
$932
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,049 |
| Loan Amount | $201,146 |
1.5
YEARS SAVED
$2,392
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,730
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
1404 Dublin Drive Cleburne, TX 2
- 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $1,730
- $0.82
-
806 Chestnut Grove Drive Cleburne, TX 1
- 4 beds 2 baths ∙ 2,072 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,072 Sqft ∙ Built 2004
![property image]()
LEASED 11/20/19- Rent
- Rent Per SQFT
- $1,695
- $0.82
PROPERTY LISTING DETAILS
Century 21 Mike Bowman, Inc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14499720
Last Updated: 01/15/2021
