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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $129.78
- 3 Days on Market
- MLS # : 14466810
- Updated Date : 11/06/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,800 sqft
- Baths : 2 full
Listing Agent
Century 21 Mike Bowman, Inc.
Listing Agent's Description
MOVE IN READY!!~LOCATED IN D.R. HORTON'S BEAUTIFUL NEW COMMUNITY OF BELCLAIRE in CLEBURNE & CLEBURNE ISD!~The Los Alamos Floorplan(Elev B),1 Story 3-2-2 plus Front Study & oversize Garage!~Large Living & Primary Bedroom secluded in back with dual sink Vanity,oversize separate Shower & Walk-In Closet with built-ins! Kitchen with Granite countertops,SS Appliances,gas range & walk-in pantry*Generous secondary Bedrooms,full Bath & Utility Room*Ceramic Tiled Entry,Hallways & Wet Areas~Home is Connected Smart Home Technology,tankless gas water heater,6 ft fenced backyard,covered Patio,Landscape pkg with full Sprinkler System~Catch & release pond,Gazebo,Playground,walking trails & more
SEE MORE
- . 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
Zip Code: 76033
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76033
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$862 |
| Property Tax | -$575 | |
| Property Insurance | -$131 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$121
|
||
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.
$233,606
PROJECTED PRICE
$1,580
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 7.5% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.69% |
| 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
$63,906
LOAN DETAILS
$862
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,402 |
| Loan Amount | $175,205 |
1.67
YEARS SAVED
$3,252
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,593
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
1708 Millbrae Road Cleburne, TX 1
- 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,580
- $0.88
-
1211 Davis Street Cleburne, TX 2
- 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 2020
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,595
- $0.95
-
806 Chestnut Grove Drive Cleburne, TX 3
- 4 beds 2 baths ∙ 2,072 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,072 Sqft ∙ Built 2004
LEASED 11/20/19- Rent
- Rent Per SQFT
- $1,695
- $0.82
PROPERTY LISTING DETAILS
Century 21 Mike Bowman, Inc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14466810
Last Updated: 11/06/2020
