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1812 Douglas Street Howe, TX 75459

4 Beds 2 Baths 1,666 sqft Built 2016

$214,999

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $129.05
  • 4 Days on Market
  • MLS # : 14482107
  • Updated Date : 12/09/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,666 sqft
  • Baths : 2 full
Listing Agent

Briggs Freeman Sotheby's Int’l

Listing Agent's Description

A must see! Great traditional style home in family oriented neighborhood. Built in 2016 with a multitude of upgrades including custom shutters, beautiful updated LVP flooring throughout, updated lighting- including 7 unique fixtures, custom accent wall in master, new baseboards, garage upgrades including custom shelving, cabinets, and speckled grey floor coating, new front door and outdoor gutters installed within the last 2 years! Get the feel of Country Living with quick access to amenities, schools, and the highway.

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

Zip Code: 75459

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $65k202k

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

Zip Code: 75459

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
Howe Elementary School Primary Regular 410 24 5
Howe Middle School Middle Regular 314 26 5
Howe High School High Regular 300 29 5

Howe Elementary School

  • Education Level: Primary
  • # of students: 410
  • # of teachers: 24
5
GreatSchools Rating

Howe Middle School

  • Education Level: Middle
  • # of students: 314
  • # of teachers: 26
5
GreatSchools Rating

Howe High School

  • Education Level: High
  • # of students: 300
  • # of teachers: 29
5
GreatSchools Rating
 

$193,499$236,499$214,999

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$793
Property Tax -$491
Property Insurance -$118
Property Management Fees -$99
CASH FLOW
$49

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.

$214,999

PROJECTED PRICE

$1,550

PROJECTED RENT

0.72%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,249
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$9,793

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,545

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,498
1$1,4982$1,5503$1,5504$1,5755$1,650
$1,650
RENT COMPS ANALYSIS
  • 1812 Douglas Street Howe, TX 3
    • 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
  • 1825 Douglas Street Howe, TX 1
    • 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 2016
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,498
    • $0.91
    •  
  • 1818 Clegg Drive Howe, TX 2
    • 4 beds 2 baths ∙ 1,658 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,658 Sqft ∙ Built 2016
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
  • 1826 Douglas Street Howe, TX 4
    • 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 2016
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.95
    •  
  • 1307 James Street Howe, TX 5
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2017
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jenna Gibbs
Briggs Freeman Sotheby's Int’l
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14482107
Last Updated: 12/09/2020
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