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293 Winding River Circle 
Farmersville, TX
75442
5 Beds 3 Baths 2,128 sqft
Built 2004
INVESTimate
$239,900
List Price
$69,324
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PROPERTY INFO
FACTS
- Built In 2004
- Price/Sqft : $112.73
- 2 Days on Market
- MLS # : 14420367
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,128 sqft
- Baths : 3 full
Listing Agent
Listing Results, Llc
Listing Agent's Description
Come home to this UNIQUE property, at the end of a cul-de-sac, overlooking beautiful natural landscapes from multiple angles. 5 bedrooms, 3 full bathrooms, a 560 sq ft garage, and a 252 sq ft freshly stained covered patio, overlook 1.84 acres of your own private getaway. The home has recent foundation work with a transferable warranty, fresh paint inside and out, all new carpet and vinyl flooring, all new light fixtures and ceiling fans, and a 3 year old roof. The stainless steel appliances, water heater, and HVAC system are all less than 4 years old. Make this home yours!
SEE MORE
- . 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: 75442
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75442
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,630 |
| EXPENSES | Loan Payment | -$885 |
| Property Tax | -$466 | |
| Property Insurance | -$150 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$30
|
||
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.
$239,900
PROJECTED PRICE
$1,630
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 9.76% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,324
LOAN DETAILS
$885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
5.33
YEARS SAVED
$15,811
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$2,022
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
293 Winding River Circle Farmersville, TX 1
- 5 beds 3 baths ∙ 2,128 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,128 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,630
- $0.77
-
3212 Gunsmoke Drive Farmersville, TX 2
- 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2014
LEASED 08/14/19- Rent
- Rent Per SQFT
- $2,050
- $0.95
PROPERTY LISTING DETAILS
Listing Results, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420367
Last Updated: 08/25/2020
