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PROPERTY INFO
FACTS
- Single Family
- Built In 9999
- Price/Sqft : $97.76
- 4 Days on Market
- MLS # : 14487868
- Updated Date : 12/17/2020 at 17:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,738 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Wonderful home located in Woodland Heights School district that has something for everyone! This neat and clean 3 bedroom 2 bath home with oversized living room has the space you want with a shop that will make all the neighbors jealous! Rest easy during those stormy seasons knowing you have a covered 2 car carport for your vehicles. Inside the home, you are welcomed by a large dining area that flows directly into the kitchen or the oversized living room. Fresh paint and countertops in the kitchen make this spacious home perfect for entertaining! With little left to be updated, this centrally located home is only minutes from the schools, industrial & medical districts, and anywhere you need to be. Call today!
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Zip Code: 76801
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76801
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,280 |
| EXPENSES | Loan Payment | -$627 |
| Property Tax | -$356 | |
| Property Insurance | -$124 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$75
|
||
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.
$169,900
PROJECTED PRICE
$1,280
PROJECTED RENT
0.75%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 2.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.00% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$50,774
LOAN DETAILS
$627
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $42,475 |
| Loan Amount | $127,425 |
5.17
YEARS SAVED
$10,564
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,280
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,182
COMP ESTIMATED VALUE -
$0.68
COMP AVG. RENT PER SQFT
Comps Range
-
2101 9th Street Brownwood, TX 2
- 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 9999 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 9999
- Rent
- Rent Per SQFT
- $1,280
- $0.74
-
1815 Vincent Street Brownwood, TX 1
- 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 9999 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 9999
LEASED 10/22/19- Rent
- Rent Per SQFT
- $1,100
- $0.68
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14487868
Last Updated: 12/17/2020
