Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

205 Ella Street Whitesboro, TX 76273

3 Beds 2 Baths 1,618 sqft Built 2020

$229,900

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $142.09
  • 3 Days on Market
  • MLS # : 14481143
  • Updated Date : 12/04/2020 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,618 sqft
  • Baths : 2 full
Listing Agent

Homelister, Inc.

Listing Agent's Description

New construction home near Godwin Park and the Whiteboro community pool. 3 bedroom 2 bathroom home with an open floor plan. The kitchen includes granite countertops and stainless steel appliances. Large yard with a covered patio.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Zip Code: 76273

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170kPrice in $64k175k

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

Zip Code: 76273

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
Whitesboro Intermediate School Primary Regular 354 20 6
Whitesboro Middle School Middle Regular 370 27 7
Whitesboro High School High Regular 420 36 6

Whitesboro Intermediate School

  • Education Level: Primary
  • # of students: 354
  • # of teachers: 20
6
GreatSchools Rating

Whitesboro Middle School

  • Education Level: Middle
  • # of students: 370
  • # of teachers: 27
7
GreatSchools Rating

Whitesboro High School

  • Education Level: High
  • # of students: 420
  • # of teachers: 36
6
GreatSchools Rating
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$848
Property Tax -$450
Property Insurance -$115
Property Management Fees -$99
CASH FLOW
$28

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$229,900

PROJECTED PRICE

$1,540

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 12.6%
Maintenance Year (1-5) 3.00%
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

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$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,924

INVESTMENT

$62,924

Down Payment
$57,475
Rehab Estimate
$2,000
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$9,848

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,553

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,4003$1,4754$1,5405$1,800
$1,800
RENT COMPS ANALYSIS
  • 205 Ella Street Whitesboro, TX 4
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.95
    •  
  • 402 White Street Whitesboro, TX 1
    • 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2020
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.96
    •  
  • 315 Water Street Whitesboro, TX 2
    • 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 2019
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.96
    •  
  • 800 Main Street Whitesboro, TX 3
    • 4 beds 2 baths ∙ 1,505 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,505 Sqft ∙ Built 2019
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.98
    •  
  • 526 Crow Road Whitesboro, TX 5
    • 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 2017
    property image
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.94
    •  
PROPERTY LISTING DETAILS
David Montalvo
Homelister, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481143
Last Updated: 12/04/2020
BESbswy