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217 Candlewood Circle Gainesville, TX 76240

3 Beds 2 Baths 1,585 sqft Built 2015

$174,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $109.78
  • 2 Days on Market
  • MLS # : 14509694
  • Updated Date : 01/30/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,585 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Remarkable ONE OWNER single-story home located on a spacious interior lot. This quiet subdivision is close to downtown, parks, shopping, restaurants and schools. Open concept with generous room sizes and abundant natural light throughout the home. Guest bedrooms are of a good size and split from master suite. Shaded back patio and large private yard for your family gatherings.

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: 76240

ZipNIR Market*CityMarket20102015Year2006201980k90k100k110k120k130k140k150k160kPrice in $74k167k

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

Zip Code: 76240

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
W E Chalmers Elementary School Primary Regular 684 42 3
Gainesville Middle School Middle Regular 391 29 5
Gainesville High School High Regular 719 55 3

W E Chalmers Elementary School

  • Education Level: Primary
  • # of students: 684
  • # of teachers: 42
3
GreatSchools Rating

Gainesville Middle School

  • Education Level: Middle
  • # of students: 391
  • # of teachers: 29
5
GreatSchools Rating

Gainesville High School

  • Education Level: High
  • # of students: 719
  • # of teachers: 55
3
GreatSchools Rating
 

$156,600$191,400$174,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$604
Property Tax -$385
Property Insurance -$111
Property Management Fees -$99
CASH FLOW
$241

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.

$174,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 7.2%
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$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$51,860

INVESTMENT

$51,860

Down Payment
$43,500
Rehab Estimate
$5,750
Closing Costs
$2,610

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$604

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $43,500
Loan Amount $130,500
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$23,586

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,403

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,6003$1,675
$1,675
RENT COMPS ANALYSIS
  • 217 Candlewood Circle Gainesville, TX 1
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.96
    •  
  • 211 Candlewood Circle Gainesville, TX 2
    • 4 beds 2 baths ∙ 1,794 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,794 Sqft ∙ Built 2015
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
  • 3502 Columbus Street Gainesville, TX 3
    • 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 2014
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.98
    •  
PROPERTY LISTING DETAILS
Tabatha Polley
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509694
Last Updated: 01/30/2021
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