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157 County Road 167 Whitesboro, TX 76273

3 Beds 2 Baths 1,961 sqft Built 1994

$329,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $167.77
  • 3 Days on Market
  • MLS # : 14533913
  • Updated Date : 03/20/2021 at 11:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,961 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday Realtors-whitesboro

Listing Agent's Description

Country living less than a mile from town. This well maintained home is very inviting with its open living area, split bedrooms, and spacious lot size. The main living area has a Mt. Vernon pellet stove, and there are 3 additional split AC and heat units for energy efficiency along with solar screens on the windows. The exterior has covered storage for an RV and another covered parking that has a 15 x 13 decked storage building. There is also a 20 x 18 workshop with electric, storm shelter, no climb fence on the perimeter and a gated entrance! Please look at the list of amenities in documents to see how well cared for this property is!

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: 76273

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170kPrice in $64k175k

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

Zip Code: 76273

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
Whitesboro Intermediate School Primary Regular 354 20 6
Whitesboro Middle School Middle Regular 370 27 7
Whitesboro High School High Regular 420 36 6

Whitesboro Intermediate School

  • Education Level: Primary
  • # of students: 354
  • # of teachers: 20
6
GreatSchools Rating

Whitesboro Middle School

  • Education Level: Middle
  • # of students: 370
  • # of teachers: 27
7
GreatSchools Rating

Whitesboro High School

  • Education Level: High
  • # of students: 420
  • # of teachers: 36
6
GreatSchools Rating
 

$296,100$361,900$329,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,143
Property Tax -$569
Property Insurance -$134
Property Management Fees -$99
CASH FLOW
-$264

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.

$329,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 12.6%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$551

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,098

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$2,400
$2,400
RENT COMPS ANALYSIS
  • 157 County Road 167 Whitesboro, TX 1
    • 3 beds 2 baths ∙ 1,961 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,961 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.86
    •  
  • 11695 E Us Highway 82 Whitesboro, TX 2
    • 3 beds 3 baths ∙ 2,233 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,233 Sqft ∙ Built 2008
    property image
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.07
    •  
PROPERTY LISTING DETAILS
Lisa Moden
Ebby Halliday Realtors-whitesboro
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14533913
Last Updated: 03/20/2021
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