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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $120.74
- 3 Days on Market
- MLS # : 14473873
- Updated Date : 11/20/2020 at 15:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,615 sqft
- Baths : 2 full
Listing Agent
Fathom Realty, Llc
Listing Agent's Description
New homeowner wanted for this BEAUTIFUL 3 bedroom, 2 bath home on Hyde Park! Living, dining areas & master bedroom all feature crown molding. Neutral ceramic tile floor in kitchen with a bay window in the breakfast nook overlooking the backyard. Master bedroom has en-suite bath with a separate shower, garden tub & dual sinks with a vanity. Good sized secondary bedrooms would make great kid rooms or an office. Split bedrooms give you a little privacy to relax after a long day. Sunroom has stone flooring that is easy to clean and looks beautiful. Lg sliding glass doors let sunlight just flood into the home. Nice covered patio for those lovely family dinners. Storage building to store your lawnmower & other tools.
SEE MORE
- 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
Neighborhood: Winchester
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Winchester
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$719 |
| Property Tax | -$480 | |
| Property Insurance | -$121 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$71
|
||
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.
$195,000
PROJECTED PRICE
$1,490
PROJECTED RENT
0.76%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$57,425
LOAN DETAILS
$719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $48,750 |
| Loan Amount | $146,250 |
6.17
YEARS SAVED
$16,000
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,475
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
1604 Hyde Park Boulevard Cleburne, TX 3
- 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $1,490
- $0.92
-
1107 Hemphill Court Cleburne, TX 1
- 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1984
LEASED 07/08/19- Rent
- Rent Per SQFT
- $1,325
- $0.87
-
1510 Surry Place Drive Cleburne, TX 2
- 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 1980
LEASED 02/06/20- Rent
- Rent Per SQFT
- $1,400
- $0.80
-
1106 Murry Drive Cleburne, TX 4
- 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 1986
LEASED 11/17/20- Rent
- Rent Per SQFT
- $1,750
- $1.07
PROPERTY LISTING DETAILS
Fathom Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14473873
Last Updated: 11/20/2020
