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1512 Kennedy Street Bonham, TX 75418

4 Beds 2 Baths 1,750 sqft Built 2021

$239,075

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $136.61
  • 2 Days on Market
  • MLS # : 14504013
  • Updated Date : 01/23/2021 at 07:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,750 sqft
  • Baths : 2 full
Listing Agent

Re/max-3d Real Estate

Listing Agent's Description

New! Beautiful open floor plan with four bedrooms, two baths, two car garage and a covered patio. Granite counter tops, marble walk-in shower. Available for April-May 2021 move in.

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: 75418

ZipNIR Market*CityMarket2015Year2007 Q3201960k70k80k90k100k110k120k130k140kPrice in $58k141k

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

Zip Code: 75418

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
Finley-oates Elementary School Primary Regular 546 39 4
L.h. Rather Junior High School Middle Regular 273 17 4
Bonham High School High Regular 513 44 4

Finley-oates Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 39
4
GreatSchools Rating

L.h. Rather Junior High School

  • Education Level: Middle
  • # of students: 273
  • # of teachers: 17
4
GreatSchools Rating

Bonham High School

  • Education Level: High
  • # of students: 513
  • # of teachers: 44
4
GreatSchools Rating
 

$215,168$262,983$239,075

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$830
Property Tax -$529
Property Insurance -$124
Property Management Fees -$99
CASH FLOW
$27

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$239,075

PROJECTED PRICE

$1,610

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 3.00%
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$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,355

INVESTMENT

$65,355

Down Payment
$59,769
Rehab Estimate
$2,000
Closing Costs
$3,586

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,769
Loan Amount $179,306
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$7,238

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,558

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,610
$1,610
RENT COMPS ANALYSIS
  • 1512 Kennedy Street Bonham, TX 2
    • 4 beds 2 baths ∙ 1,750 Sqft ∙ Built 2021 4 beds 2 baths ∙ 1,750 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.92
    •  
  • 214 Braz Street Bonham, TX 1
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 2019
    property image
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.89
    •  
PROPERTY LISTING DETAILS
Shannon Smith
Re/max-3d Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504013
Last Updated: 01/23/2021
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