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21 Whispering Road Pottsboro, TX 75076

4 Beds 4 Baths 3,198 sqft Built 1984

$375,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $117.26
  • 8 Days on Market
  • MLS # : 14485778
  • Updated Date : 12/20/2020 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,198 sqft
  • Baths : 3 full , 1 half
Listing Agent

Easy Life Realty

Listing Agent's Description

Move-In Ready 2 story, 4BR, 3.5 bath house perfect for entertaining. Be welcomed in with a beautiful vaulted ceiling, fireplace, and amazing windows that bring in the natural light. Enjoy views of the lake with the open kitchen-dining concept. The Master has a lake view with a large walk-in closet and a generous master bath. 2nd large bedroom and full bath are on the main floor. Downstairs has a large game room, 2 large bedrooms, one full bath and a half bath, complete with a full-size laundry room. This property is located in the Tanglewood Hills area which is 5 minutes from Tanglewood resort, golf course, and Highport Marina. Welcome Home to Lake Texoma!

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: 75076

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170kPrice in $65k176k

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

Zip Code: 75076

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
Pottsboro Elementary School Primary Regular 439 25 4
Pottsboro Middle School Middle Regular 314 20 6
Pottsboro High School High Regular 430 30 7

Pottsboro Elementary School

  • Education Level: Primary
  • # of students: 439
  • # of teachers: 25
4
GreatSchools Rating

Pottsboro Middle School

  • Education Level: Middle
  • # of students: 314
  • # of teachers: 20
6
GreatSchools Rating

Pottsboro High School

  • Education Level: High
  • # of students: 430
  • # of teachers: 30
7
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$1,384
Property Tax -$553
Property Insurance -$201
Property Management Fees -$99
CASH FLOW
$363

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.

$375,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.0%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$49,459

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $3,614

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$3,500
$3,500
RENT COMPS ANALYSIS
  • 21 Whispering Road Pottsboro, TX 1
    • 4 beds 4 baths ∙ 3,198 Sqft ∙ Built 1984 4 beds 4 baths ∙ 3,198 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.81
    •  
  • 200 Island View Drive Pottsboro, TX 2
    • 3 beds 3 baths ∙ 3,095 Sqft ∙ Built 2001 3 beds 3 baths ∙ 3,095 Sqft ∙ Built 2001
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.13
    •  
PROPERTY LISTING DETAILS
Frank Ventura
Easy Life Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485778
Last Updated: 12/20/2020
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