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300 County Road 4520 Whitewright, TX 75491

3 Beds 2 Baths 2,040 sqft Built 2015

$182,500

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $89.46
  • 4 Days on Market
  • MLS # : 14463712
  • Updated Date : 11/02/2020 at 16:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,040 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty

Listing Agent's Description

Beautiful, energy efficient double wide on 2.32 Acres with no known Restrictions. This is not your typical manufactured home. It has drywall throughout, spacious utility-mud room & owners suite with 3 walk in closets & a huge bathroom you'll have to see to believe! Enjoy watching the Dallas Skydivers on the weekends & shooting stars at night with the peacefulness & tranquility of country living conveniently located approximately 60 miles northeast of Dallas. This home offers a versatile bonus room that could serve as second living area or exercise room. It has an open living, dining & large kitchen concept with split bedroom arrangement. HORSES WELCOME! SELLERS REQUEST PRE-QUALIFIED BUYERS ONLY FOR SHOWINGS!

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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: 75491

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170kPrice in $65k175k

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

Zip Code: 75491

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
Whitewright Elementary School Primary Regular 341 23 6
Whitewright Middle School Middle Regular 189 15 8
Whitewright High School High Regular 245 20 5

Whitewright Elementary School

  • Education Level: Primary
  • # of students: 341
  • # of teachers: 23
6
GreatSchools Rating

Whitewright Middle School

  • Education Level: Middle
  • # of students: 189
  • # of teachers: 15
8
GreatSchools Rating

Whitewright High School

  • Education Level: High
  • # of students: 245
  • # of teachers: 20
5
GreatSchools Rating
 

$164,250$200,750$182,500

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$673
Property Tax -$306
Property Insurance -$138
Property Management Fees -$99
CASH FLOW
$94

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.

$182,500

PROJECTED PRICE

$1,310

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 7.7%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,113

INVESTMENT

$54,113

Down Payment
$45,625
Rehab Estimate
$5,750
Closing Costs
$2,738

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$673

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $45,625
Loan Amount $136,875
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$13,630

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,550

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,310
$1,310
RENT COMPS ANALYSIS
  • 300 County Road 4520 Whitewright, TX 2
    • 3 beds 2 baths ∙ 2,040 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,040 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.64
    •  
  • 269 County Road 4444 Trenton, TX 1
    • 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 1998
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.76
    •  
PROPERTY LISTING DETAILS
Peggy Robinson
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463712
Last Updated: 11/02/2020
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