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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $118.14
- 3 Days on Market
- MLS # : 14473061
- Updated Date : 11/20/2020 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,200 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
Very well cared for home in Southwest Cleburne. Located close to Lake Pat, Cleburne Golf Links, Smith Middle School, & Gerard Elementary. 1811 Creekwood is calling you home for Christmas! Complete with a very large backyard, extended patio for outdoor entertaining or basketball, storage building & so much more! Step inside & find easily cared for grey wood look tiling. Large formal dining for Christmas Dinner flows into open concept kitchen & living room with work island, granite countertops and stainless appliances. Surround sound speakers are a bonus in the spacious living room. 4 bedrooms with split master. Master bedroom offers soaking tub and separate shower as well as a huge closet! Call to see it today!
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
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 | $1,700 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$640 | |
| Property Insurance | -$154 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$152
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$259,900
PROJECTED PRICE
$1,700
PROJECTED RENT
0.65%
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) | 8.00% |
| 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
$74,624
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,975 |
| Loan Amount | $194,925 |
1.58
YEARS SAVED
$2,977
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,804
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
1811 Creekwood Drive Cleburne, TX 2
- 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,700
- $0.77
-
806 Chestnut Grove Drive Cleburne, TX 1
- 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
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14473061
Last Updated: 11/20/2020
