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2310 St John Street Greenville, TX 75401

3 Beds 2 Baths 1,200 sqft Built 2021

$160,000

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $133.33
  • 5 Days on Market
  • MLS # : 14492341
  • Updated Date : 12/30/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,200 sqft
  • Baths : 2 full
Listing Agent

Century 21 Patterson Agency

Listing Agent's Description

New 3 bedroom 2 bath house under construction. Bull nose corners, granite counter tops, easy walk downtown, newly sodded yard, alarm system, maintenance free interior, insulated and energy efficient. This home will appraise to any lender standards and is priced to sell! Bring your family and enjoy the thrill of an affordable new home. All pictures are representative of what the finished home will be with the exception of this one have some stone on the front. Expect completion by mid January 2021

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: 75401

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $67k243k

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

Zip Code: 75401

ZipNIR Market*Market2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Crockett Elementary School Primary Regular 378 28 4
Greenville Middle School Middle Regular 687 46 5
Greenville High School High Regular 1,077 89 5

Crockett Elementary School

  • Education Level: Primary
  • # of students: 378
  • # of teachers: 28
4
GreatSchools Rating

Greenville Middle School

  • Education Level: Middle
  • # of students: 687
  • # of teachers: 46
5
GreatSchools Rating

Greenville High School

  • Education Level: High
  • # of students: 1,077
  • # of teachers: 89
5
GreatSchools Rating
 

$144,000$176,000$160,000

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$590
Property Tax -$360
Property Insurance -$97
Property Management Fees -$99
CASH FLOW
-$16

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$160,000

PROJECTED PRICE

$1,130

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
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-$1.0k$0.0$1.0k$2.0k$3.0k$4.0k$5.0k$6.0k

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$44,400

INVESTMENT

$44,400

Down Payment
$40,000
Rehab Estimate
$2,000
Closing Costs
$2,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$590

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $40,000
Loan Amount $120,000
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$6,978

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,130

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,128

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,130
1$1,1302$1,2503$1,3004$1,3005$1,375
$1,375
RENT COMPS ANALYSIS
  • 2310 St John Street Greenville, TX 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $0.94
    •  
  • 2811 Walnut Street Greenville, TX 2
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2018
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.91
    •  
  • 3408 Eutopia Street Greenville, TX 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2019
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
  • 3410 Eutopia Street Greenville, TX 4
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2020
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
  • 2301 Henry Street Greenville, TX 5
    • 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 2020
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.99
    •  
PROPERTY LISTING DETAILS
David Weiland
Century 21 Patterson Agency
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492341
Last Updated: 12/30/2020
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