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205 N Sulphur Street Kennedale, TX 76060

3 Beds 2 Baths 1,644 sqft Built 2008

$240,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $145.99
  • 3 Days on Market
  • MLS # : 14531584
  • Updated Date : 03/11/2021 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,644 sqft
  • Baths : 2 full
Listing Agent

Mersal Realty

Listing Agent's Description

This home features an open floor plan that is great for entertaining or family gatherings. The backyard offers a private setting. This is a must-see!

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: 76060

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260kPrice in $122k275k

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

Zip Code: 76060

ZipNIR Market*CityMarket2010Year20002019 Q211501200125013001350140014501500155016001650170017501800Rent in $11261824

* 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
Kennedale Junior High School Middle Unknown NA
Kennedale High School High Regular 993 60 5
Kennedale High School High Unknown NA

Kennedale Junior High School

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

Kennedale High School

  • Education Level: High
  • # of students: 993
  • # of teachers: 60
5
GreatSchools Rating

Kennedale High School

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

$216,000$264,000$240,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$834
Property Tax -$554
Property Insurance -$122
Property Management Fees -$99
CASH FLOW
-$109

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.

$240,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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

PROJECTED ANNUAL CASH FLOW

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

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$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$3,690

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,693

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,8503$1,8754$1,8955$1,950
$1,950
RENT COMPS ANALYSIS
  • 205 N Sulphur Street Kennedale, TX 1
    • 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
  • 6002 Alta Verde Court Arlington, TX 2
    • 4 beds 2 baths ∙ 1,725 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,725 Sqft ∙ Built 1999
    property image
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.07
    •  
  • 324 Daleview Drive Kennedale, TX 3
    • 4 beds 2 baths ∙ 1,856 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,856 Sqft ∙ Built 2018
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.01
    •  
  • 5404 Lookout Trail Arlington, TX 4
    • 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 1993
    property image
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.00
    •  
  • 316 Daleview Drive Kennedale, TX 5
    • 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2018
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.04
    •  
PROPERTY LISTING DETAILS
Odett Pugliese
Mersal Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531584
Last Updated: 03/11/2021
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