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219 Pecan Alvord, TX 76225

3 Beds 2 Baths 1,426 sqft Built 2021

$250,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $175.32
  • 5 Days on Market
  • MLS # : 14498564
  • Updated Date : 01/13/2021 at 03:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,426 sqft
  • Baths : 2 full
Listing Agent

Parker Properties

Listing Agent's Description

Not your standard builder home. This great home has many upgrades. Shaker style, stain grade cabinets throughout. 9 foot ceilings. Rounded corners. Upgraded double pane, low E windows. Dual vanities in both bathrooms. Covered porches in both front and back. Spray foam insulation. Built in cabinets in laundry room. Island kitchen. Tiled tub and shower enclosures. Exterior siding installed in garage for added durability. Brick exterior. 6 inch baseboards. All custom closets. Stainless steel Frigidaire kitchen appliances on order. Other amenities may be added prior to completion. This home should sell fast. Don't wait to look.

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: 76225

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $95k243k

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

Zip Code: 76225

ZipNIR Market*Market2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

* 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
Alvord Elementary School Primary Regular 327 23 7
Alvord Middle School Middle Regular 156 12 4
Alvord High School High Regular 209 21 5

Alvord Elementary School

  • Education Level: Primary
  • # of students: 327
  • # of teachers: 23
7
GreatSchools Rating

Alvord Middle School

  • Education Level: Middle
  • # of students: 156
  • # of teachers: 12
4
GreatSchools Rating

Alvord High School

  • Education Level: High
  • # of students: 209
  • # of teachers: 21
5
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$868
Property Tax -$493
Property Insurance -$110
Property Management Fees -$99
CASH FLOW
-$210

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$250,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
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-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,250

INVESTMENT

$68,250

Down Payment
$62,500
Rehab Estimate
$2,000
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,158

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,355

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,360
$1,360
RENT COMPS ANALYSIS
  • 219 Pecan Alvord, TX 2
    • 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.95
    •  
  • 801 S Wickham Street Alvord, TX 1
    • 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2001
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.95
    •  
PROPERTY LISTING DETAILS
John Lanier
Parker Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14498564
Last Updated: 01/13/2021
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