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1625 Hinckley Avenue Providence Village, TX 76227

3 Beds 2 Baths 1,646 sqft Built 2019

$269,999

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $164.03
  • 7 Days on Market
  • MLS # : 14466045
  • Updated Date : 11/09/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,646 sqft
  • Baths : 2 full
Listing Agent

Vibrant Real Estate

Listing Agent's Description

Like brand new and shows like a model home! This Barely lived in immaculate 3 bed 2 baths makes incredible use of space. Enjoy upgraded light fixtures and your oversized backyard with fresh view. Includes covered 10x10 patio. Plenty of room for bbq time. Kitchen is spacious and perfectly positioned for entertaining. Enjoy an open concept from entry to back. You won't believe anyone lives here. This mint condition home with outstanding curb appeal will not last long. Welcome home!

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

Neighborhood: Island Village at Providence

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $116k336k

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

Neighborhood: Island Village at Providence

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Monaco Elementary School Primary Regular 642 36 6
Aubrey Middle School Middle Regular 484 29 7
Aubrey High School High Regular 585 36 6

Monaco Elementary School

  • Education Level: Primary
  • # of students: 642
  • # of teachers: 36
6
GreatSchools Rating

Aubrey Middle School

  • Education Level: Middle
  • # of students: 484
  • # of teachers: 29
7
GreatSchools Rating

Aubrey High School

  • Education Level: High
  • # of students: 585
  • # of teachers: 36
6
GreatSchools Rating
 

$242,999$296,999$269,999

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$996
Property Tax -$577
Property Insurance -$122
HOA -$22
Property Management Fees -$99
CASH FLOW
-$127

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$269,999

PROJECTED PRICE

$1,690

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,550

INVESTMENT

$73,550

Down Payment
$67,500
Rehab Estimate
$2,000
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,499
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$5,662

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,687

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,6804$1,6805$1,690
$1,690
RENT COMPS ANALYSIS
  • 1625 Hinckley Avenue Providence Village, TX 5
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.03
    •  
  • 2100 Alamandine Avenue Cross Roads, TX 1
    • 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 2019
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
  • 1705 Murphy Court Aubrey, TX 2
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2006
    property image
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
  • 2065 Alamandine Avenue Cross Roads, TX 3
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 2019
    property image
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.09
    •  
  • 2170 Alamandine Avenue Cross Roads, TX 4
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2019
    property image
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.09
    •  
PROPERTY LISTING DETAILS
Trisha Ramos
Vibrant Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466045
Last Updated: 11/09/2020
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