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314 W Fox Creek Lane Whitesboro, TX 76273

3 Beds 2 Baths 1,323 sqft Built 2004

$279,900

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $211.56
  • 2 Days on Market
  • MLS # : 14475551
  • Updated Date : 11/21/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,323 sqft
  • Baths : 2 full
Listing Agent

Lake Kiowa Premiere Real Estate

Listing Agent's Description

Charming Brick home hidden away at the end of private road. Home has wood burning fireplace, New Central heat and air, covered roomy back porch over looking Your very own private pond with fishing dock and built in Smoker grill. Plenty of room on this almost 4 acre piece of paradise.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Zip Code: 76273

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170kPrice in $64k175k

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

Zip Code: 76273

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
Whitesboro Intermediate School Primary Regular 354 20 6
Whitesboro Middle School Middle Regular 370 27 7
Whitesboro High School High Regular 420 36 6

Whitesboro Intermediate School

  • Education Level: Primary
  • # of students: 354
  • # of teachers: 20
6
GreatSchools Rating

Whitesboro Middle School

  • Education Level: Middle
  • # of students: 370
  • # of teachers: 27
7
GreatSchools Rating

Whitesboro High School

  • Education Level: High
  • # of students: 420
  • # of teachers: 36
6
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,033
Property Tax -$548
Property Insurance -$99
Property Management Fees -$99
CASH FLOW
-$449

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.

$279,900

PROJECTED PRICE

$1,330

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 12.6%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

$0

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,330

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3303$1,3504$1,3755$1,650
$1,650
RENT COMPS ANALYSIS
  • 314 W Fox Creek Lane Whitesboro, TX 2
    • 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $1.01
    •  
  • 204 2nd Street Whitesboro, TX 1
    • 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 2004
    property image
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.08
    •  
  • 104 Church Street Whitesboro, TX 3
    • 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 2019
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.96
    •  
  • 402 White Street Whitesboro, TX 4
    • 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2020
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.96
    •  
  • 314 Trollinger Street Whitesboro, TX 5
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1988
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
PROPERTY LISTING DETAILS
Laura Mitchell
Lake Kiowa Premiere Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475551
Last Updated: 11/21/2020
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