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1841 Halifax Street Roanoke, TX 76262

3 Beds 2 Baths 1,953 sqft Built 2014

$380,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $194.57
  • 2 Days on Market
  • MLS # : 14525216
  • Updated Date : 03/06/2021 at 02:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,953 sqft
  • Baths : 2 full
Listing Agent

Postmark Realty, Inc.

Listing Agent's Description

Beautiful home in Highlands Glen gated community. Open concept living with plenty of space to entertain. The kitchen is gorgeous, with granite counter tops, large center island, stainless appliances and beautiful cabinets with plenty of storage! Luxurious master bath has a modern, spa-like shower-tub room - a must see! The office boasts an incredible, custom built bookcase with ladder. Less than one mile to Beck Elementary, Medlin Middle and Byron Nelson schools. Close to downtown Roanoke with easy access to 114, 377 and I-35. Come make this house your home and enjoy the community pool, park, walking trail and wonderful neighbors.

SEE MORE

MARKET HIGHLIGHTS

  • 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: 76262

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k430k

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

Zip Code: 76262

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262792

* 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
Samuel Beck Elementary School Primary Regular 731 47 10
Medlin Middle School Middle Regular 1,078 65 8
Byron Nelson High School High Unknown NA

Samuel Beck Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 47
10
GreatSchools Rating

Medlin Middle School

  • Education Level: Middle
  • # of students: 1,078
  • # of teachers: 65
8
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,320
Property Tax -$662
Property Insurance -$140
HOA -$79
Property Management Fees -$99
CASH FLOW
-$120

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.

$380,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$9,460

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,958

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$1,9504$1,9755$2,180
$2,180
RENT COMPS ANALYSIS
  • 1841 Halifax Street Roanoke, TX 5
    • 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $1.12
    •  
  • 108 Oxford Drive Roanoke, TX 1
    • 3 beds 2 baths ∙ 1,889 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,889 Sqft ∙ Built 1999
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.98
    •  
  • 220 Benton Drive Roanoke, TX 2
    • 4 beds 2 baths ∙ 1,921 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,921 Sqft ∙ Built 2001
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.99
    •  
  • 2216 Collington Drive Roanoke, TX 3
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 2001
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.01
    •  
  • 221 Foreston Drive Roanoke, TX 4
    • 4 beds 2 baths ∙ 1,921 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,921 Sqft ∙ Built 2002
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.03
    •  
PROPERTY LISTING DETAILS
Pamela Gibbs
Postmark Realty, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14525216
Last Updated: 03/06/2021
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