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300 Rosebud Drive Stephenville, TX 76401

3 Beds 2 Baths 1,577 sqft Built 1983

$209,500

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $132.85
  • 3 Days on Market
  • MLS # : 14467195
  • Updated Date : 11/06/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,577 sqft
  • Baths : 2 full
Listing Agent

J.j. Hampton Realty

Listing Agent's Description

Beautifully updated 3 bedroom 2 bath brick home with 2 car garage. Home offers recently installed vinyl floors and wood shutters. Kitchen has been updated with all new appliances, farm sink, large island and ample counter space and cabinets. All the bedrooms are nicely sized. Back yard has a wood privacy fence and established trees for ample shade. Located on a quiet family friendly street. Come look today!

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: 76401

ZipNIR Market*CityMarket2010Year2005 Q3201960k70k80k90k100k110k120k130k140kPrice in $57k146k

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

Zip Code: 76401

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
Hook Elementary School Primary Regular 570 37 6
Henderson Junior High School Middle Regular 557 40 7
Henderson Junior High School High Regular 557 40 7

Hook Elementary School

  • Education Level: Primary
  • # of students: 570
  • # of teachers: 37
6
GreatSchools Rating

Henderson Junior High School

  • Education Level: Middle
  • # of students: 557
  • # of teachers: 40
7
GreatSchools Rating

Henderson Junior High School

  • Education Level: High
  • # of students: 557
  • # of teachers: 40
7
GreatSchools Rating
 

$188,550$230,450$209,500

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$773
Property Tax -$397
Property Insurance -$115
Property Management Fees -$99
CASH FLOW
-$144

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.

$209,500

PROJECTED PRICE

$1,240

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 3.8%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,268

INVESTMENT

$61,268

Down Payment
$52,375
Rehab Estimate
$5,750
Closing Costs
$3,143

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$773

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,375
Loan Amount $157,125
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,037

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,411

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,240
1$1,2402$1,3003$1,4004$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 300 Rosebud Drive Stephenville, TX 1
    • 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.79
    •  
  • 1333 Inglewood Drive Stephenville, TX 2
    • 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 1984
    property image
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.84
    •  
  • 1202 Meadowlark Lane Stephenville, TX 3
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1977
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.89
    •  
  • 905 Mockingbird Street Stephenville, TX 4
    • 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 1970
    property image
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
  • 1357 Inglewood Drive Stephenville, TX 5
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1984
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.02
    •  
PROPERTY LISTING DETAILS
J J Hampton
J.j. Hampton Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467195
Last Updated: 11/06/2020
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