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150 Valley View Street Glen Rose, TX 76043

3 Beds 3 Baths 2,725 sqft Built 2016

$425,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $155.96
  • 4 Days on Market
  • MLS # : 14503478
  • Updated Date : 01/27/2021 at 20:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,725 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Quad J Realty

Listing Agent's Description

Absolutely amazing views from this hilltop Tuscan home! Open floor concept with gorgeous engineered hardwood flooring, expansive windows & Kiva fireplace from NM with 14' ceiling. Meticulously cared for 2 master bedrooms, guest bath, 2 living areas PLUS study & 3rd bedroom or den. Kitchen features sunny breakfast area & bar, walk-in pantry, KitchenAid appliances & touchless faucet. Master closet is 12'X12' Fabulous covered patio & deck to entertain guests. Move-in ready and can be occupied immediately. 3 car garage with insulated doors. 3rd garage has been used as workshop with built-in workbench. Common areas include pool, walking trail, club house, fishing pond & no maintenance front & side yards.

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: 76043

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $107k243k

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

Zip Code: 76043

ZipNIR Market*CityMarket2010Year20002019 Q21100115012001250130013501400145015001550160016501700Rent in $10601734

* 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
Glen Rose Intermediate School Primary Regular 384 26 8
Glen Rose Intermediate School Middle Regular 384 26 8
Glen Rose High School High Regular 475 43 7

Glen Rose Intermediate School

  • Education Level: Primary
  • # of students: 384
  • # of teachers: 26
8
GreatSchools Rating

Glen Rose Intermediate School

  • Education Level: Middle
  • # of students: 384
  • # of teachers: 26
8
GreatSchools Rating

Glen Rose High School

  • Education Level: High
  • # of students: 475
  • # of teachers: 43
7
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,476
Property Tax -$761
Property Insurance -$185
HOA -$100
Property Management Fees -$99
CASH FLOW
-$521

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.

$425,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 3.8%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$91

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,098

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,100
$2,100
RENT COMPS ANALYSIS
  • 150 Valley View Street Glen Rose, TX 2
    • 3 beds 3 baths ∙ 2,725 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,725 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 108 Valley View Court Glen Rose, TX 1
    • 3 beds 3 baths ∙ 2,605 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,605 Sqft ∙ Built 2006
    property image
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.77
    •  
PROPERTY LISTING DETAILS
Ymke Condy
Century 21 Quad J Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14503478
Last Updated: 01/27/2021
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