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178 Hopi Trail Mabank, TX 75156

3 Beds 2 Baths 1,712 sqft Built 1994

$449,900

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $262.79
  • 3 Days on Market
  • MLS # : 14516419
  • Updated Date : 02/13/2021 at 13:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,712 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday Realtors

Listing Agent's Description

Meticulously maintained lakehouse with many bonuses. This wow-factor home offers a wall of windows in the open living kitchen dining area so you can enjoy the spectacular view and gorgeous sunsets. The oversized master suite includes a recently remodeled bath. A queensize fold down murphy bed in the guest room saves space. The updated kitchen includes Bosch and GE appliances. The enclosed garage includes a heated and cooled storage closet plus additional storage.

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: Indian Harbor

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $70k200k

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

Neighborhood: Indian Harbor

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
Eustace Intermediate School Primary Regular 274 21 6
Eustace Middle School Middle Regular 351 25 5
Eustace High School High Regular 451 40 5

Eustace Intermediate School

  • Education Level: Primary
  • # of students: 274
  • # of teachers: 21
6
GreatSchools Rating

Eustace Middle School

  • Education Level: Middle
  • # of students: 351
  • # of teachers: 25
5
GreatSchools Rating

Eustace High School

  • Education Level: High
  • # of students: 451
  • # of teachers: 40
5
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,563
Property Tax -$751
Property Insurance -$122
HOA -$8
Property Management Fees -$99
CASH FLOW
-$1,183

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.

$449,900

PROJECTED PRICE

$1,360

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 9.6%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$2,501

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,010

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$850
1$8502$1,360
$1,360
RENT COMPS ANALYSIS
  • 178 Hopi Trail Mabank, TX 2
    • 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.79
    •  
  • 101 Circle Drive Mabank, TX 1
    • 3 beds 1 baths ∙ 1,448 Sqft ∙ Built 1974 3 beds 1 baths ∙ 1,448 Sqft ∙ Built 1974
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $850
    • $0.59
    •  
PROPERTY LISTING DETAILS
Jill Sparling
Ebby Halliday Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14516419
Last Updated: 02/13/2021
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