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1505 Eldorado Street Bowie, TX 76230

3 Beds 2 Baths 1,204 sqft Built 1984

$170,000

List Price

$1,080

$972 - $1.2K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $141.20
  • 4 Days on Market
  • MLS # : 14474140
  • Updated Date : 11/19/2020 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,204 sqft
  • Baths : 1 full , 1 half
Listing Agent

Parker Properties

Listing Agent's Description

Don't miss out!! Very nice 3 BR, 1.1 BA in quiet, established neighborhood with nice upgrades. Garage with opener and attached carport; nice covered back patio; shop; nice wood with privacy fence with cement border; newly remodeled laundry room with custom cabinets the offers great storage; new roof less than 6 months old; central heat and ac unit only 4 years old. Must see this home!

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: 76230

ZipCityMarket20102015Year2007 Q2201980k90k100k110k120k130k140kPrice in $71k145k

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

Zip Code: 76230

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
Bowie Intermediate School Primary Regular 389 25 4
Bowie Junior High School Middle Regular 365 28 5
Bowie High School High Regular 460 37 5

Bowie Intermediate School

  • Education Level: Primary
  • # of students: 389
  • # of teachers: 25
4
GreatSchools Rating

Bowie Junior High School

  • Education Level: Middle
  • # of students: 365
  • # of teachers: 28
5
GreatSchools Rating

Bowie High School

  • Education Level: High
  • # of students: 460
  • # of teachers: 37
5
GreatSchools Rating
 

$153,000$187,000$170,000

PURCHASE PRICE

$972$1,188$1,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,080
EXPENSES Loan Payment -$627
Property Tax -$325
Property Insurance -$94
Property Management Fees -$99
CASH FLOW
-$65

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.

$170,000

PROJECTED PRICE

$1,080

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$3.0k-$2.0k-$1.0k$0.0$1.0k$2.0k$3.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,800

INVESTMENT

$50,800

Down Payment
$42,500
Rehab Estimate
$5,750
Closing Costs
$2,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$627

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,500
Loan Amount $127,500
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$2,563

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,080

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $999

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$850
1$8502$1,0803$1,125
$1,125
RENT COMPS ANALYSIS
  • 1505 Eldorado Street Bowie, TX 2
    • 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,080
    • $0.90
    •  
  • 106 E Nelson Street Bowie, TX 1
    • 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1970
    property image
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $850
    • $0.70
    •  
  • 709 Elba Street Bowie, TX 3
    • 3 beds 2 baths ∙ 1,171 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,171 Sqft ∙ Built 1966
    property image
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.96
    •  
PROPERTY LISTING DETAILS
Carol Ann Head
Parker Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474140
Last Updated: 11/19/2020
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