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1404 Shirley Street Bridgeport, TX 76426

3 Beds 2 Baths 1,750 sqft Built 2012

$190,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $108.57
  • 2 Days on Market
  • MLS # : 14505353
  • Updated Date : 01/23/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,750 sqft
  • Baths : 1 full , 1 half
Listing Agent

Trinity Realty

Listing Agent's Description

NEW YEAR, NEW YOU, NEW HOME!! This house has been completely updated with the newest trends and is screaming for you to make it home. Equipped with an abundance of windows offers natural lighting and an open and airy feel throughout the home. Upon entry, you are greeted with a cozy and at home atmosphere. This house features a full 3 bedroom, 1.1 bath, massive living area, over 0.25 of an acre, with a workshop out back. Completely move in ready for you and your family!

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: 76426

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $81k243k

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

Zip Code: 76426

ZipNIR Market*Market2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

* 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
Bridgeport Intermediate School Primary Regular 428 34 5
Bridgeport Middle School Middle Regular 478 38 5
Bridgeport High School High Regular 628 49 6

Bridgeport Intermediate School

  • Education Level: Primary
  • # of students: 428
  • # of teachers: 34
5
GreatSchools Rating

Bridgeport Middle School

  • Education Level: Middle
  • # of students: 478
  • # of teachers: 38
5
GreatSchools Rating

Bridgeport High School

  • Education Level: High
  • # of students: 628
  • # of teachers: 49
6
GreatSchools Rating
 

$171,000$209,000$190,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$660
Property Tax -$365
Property Insurance -$128
Property Management Fees -$99
CASH FLOW
$198

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.

$190,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.3%
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$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$660

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$25,680

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,873

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,6503$1,6954$1,695
$1,695
RENT COMPS ANALYSIS
  • 1404 Shirley Street Bridgeport, TX 1
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
  • 2206 Wells Fargo Court Bridgeport, TX 2
    • 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2012
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.08
    •  
  • 2111 Stonegate Boulevard Bridgeport, TX 3
    • 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 2007
    property image
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.09
    •  
  • 2205 Cates Street Bridgeport, TX 4
    • 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 2018
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.04
    •  
PROPERTY LISTING DETAILS
Jessica Childers
Trinity Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505353
Last Updated: 01/23/2021
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