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2101 9th Street Brownwood, TX 76801

3 Beds 2 Baths 1,738 sqft Built 9999

$169,900

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • # 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

ZipNIR Market*CityMarket2010Year2005 Q3201960k70k80k90k100k110k120k130kPrice in $58k135k

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

Zip Code: 76801

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
Coggin Elementary School Primary Regular 285 17 3
Brownwood Middle School Middle Regular 506 40 5
Brownwood High School High Regular 865 66 4

Coggin Elementary School

  • Education Level: Primary
  • # of students: 285
  • # of teachers: 17
3
GreatSchools Rating

Brownwood Middle School

  • Education Level: Middle
  • # of students: 506
  • # of teachers: 40
5
GreatSchools Rating

Brownwood High School

  • Education Level: High
  • # of students: 865
  • # of teachers: 66
4
GreatSchools Rating
 

$152,910$186,890$169,900

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k$450k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,774

INVESTMENT

$50,774

Down Payment
$42,475
Rehab Estimate
$5,750
Closing Costs
$2,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$627

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,475
Loan Amount $127,425
See What Happens When You Reinvest Cash Flow

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
$1,100
1$1,1002$1,280
$1,280
RENT COMPS ANALYSIS
  • 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
Marc Followwell
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14487868
Last Updated: 12/17/2020
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