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

208 E Maple Street Keene, TX 76059

3 Beds 2 Baths 1,581 sqft Built 1984

$245,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $154.97
  • 6 Days on Market
  • MLS # : 14505880
  • Updated Date : 01/26/2021 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,581 sqft
  • Baths : 2 full
Listing Agent

All Cities Realty

Listing Agent's Description

If you are looking for a home in Keen, Texas here it is. This home enjoys a large backyard, fully fenced and it comes with a pool. Very well-kept home with fresh paint inside and out also has a room added on that can be used for any number of things. Only blocks away from University Park and the city park. don't miss your chance for this 3 bedroom, 2 bathroom, 2 car garage. IT WON'T LAST LONG!!!!!

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

Neighborhood: Chisholm Trail

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $84k243k

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

Neighborhood: Chisholm Trail

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8181734

* 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
Keene Elementary School Primary Regular 448 31 3
Keene Junior High School Middle Regular 212 18 5
Wanda R Smith High School High Regular 274 29 5

Keene Elementary School

  • Education Level: Primary
  • # of students: 448
  • # of teachers: 31
3
GreatSchools Rating

Keene Junior High School

  • Education Level: Middle
  • # of students: 212
  • # of teachers: 18
5
GreatSchools Rating

Wanda R Smith High School

  • Education Level: High
  • # of students: 274
  • # of teachers: 29
5
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$851
Property Tax -$588
Property Insurance -$119
Property Management Fees -$99
CASH FLOW
-$287

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.

$245,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 10.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$75

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,397

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3503$1,3704$1,700
$1,700
RENT COMPS ANALYSIS
  • 208 E Maple Street Keene, TX 3
    • 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.87
    •  
  • 300 E Maple Street Keene, TX 1
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1984
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.84
    •  
  • 602 Woodlawn Drive Keene, TX 2
    • 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 1977
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.92
    •  
  • 801 Justin Court Keene, TX 4
    • 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 2004
    property image
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
PROPERTY LISTING DETAILS
Alfred Domingues
All Cities Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505880
Last Updated: 01/26/2021
BESbswy