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315 N 8th Street Jacksboro, TX 76458

3 Beds 2 Baths 1,422 sqft Built 9999

INVESTimate

$99,900

List Price

$1,040

$936 - $1,144

Rent Est.

$102,397  ( +2.50%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 9999
  • Price/Sqft : $70.25
  • 2 Days on Market
  • MLS # : 14419520
  • Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,422 sqft
  • Baths : 2 full
Listing Agent

Trinity Realty

Listing Agent's Description

IT'S TIME TO MAKE A MOVE! This house has been completely updated and is move in ready! Great house on an oversized lot in a great community with easy access to all amenities. This house offers 3 bedrooms, 2 baths, over 1,400 sf of living space, and an oversized lot that abuts a greenbelt. This house is made ready for the first time home buyer, growing family, or the empty-nesters. It fits everything you could possibly want in a home!

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: 76458

ZipNIR Market*City2010Year2000201970k80k90k100k110k120k130k140k150k160k170kPrice in $69k178k

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

Zip Code: 76458

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
Jacksboro Elementary School Primary Regular 509 36 5
Jacksboro Middle School Middle Regular 211 21 5
Jacksboro High School High Regular 269 33 4

Jacksboro Elementary School

  • Education Level: Primary
  • # of students: 509
  • # of teachers: 36
5
GreatSchools Rating

Jacksboro Middle School

  • Education Level: Middle
  • # of students: 211
  • # of teachers: 21
5
GreatSchools Rating

Jacksboro High School

  • Education Level: High
  • # of students: 269
  • # of teachers: 33
4
GreatSchools Rating
 

$89,910$109,890$99,900

PURCHASE PRICE

$936$1,144$1,040

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$50k$100k$150k$200k$250k$300k

PROJECTED ANNUAL CASH FLOW

11530$0.0$1.0k$2.0k$3.0k$4.0k$5.0k$6.0k$7.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,040
EXPENSES Loan Payment -$369
Property Tax -$301
Property Insurance -$106
Property Management Fees -$99
CASH FLOW
$166

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.

$99,900

PROJECTED PRICE

$1,040

PROJECTED RENT

1.04%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 2.50%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$32,224

INVESTMENT

$32,224

Down Payment
$24,975
Rehab Estimate
$5,750
Closing Costs
$1,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$369

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $24,975
Loan Amount $74,925
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$15,472

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,040

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $967

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$750
1$7502$1,040
$1,040
RENT COMPS ANALYSIS
  • 315 N 8th Street Jacksboro, TX 2
    • 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 9999 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 9999
    • Rent
    • Rent Per SQFT
    •  
    • $1,040
    • $0.73
    •  
  • 675 S Main Street Jacksboro, TX 1
    • 3 beds 2 baths ∙ 1,102 Sqft ∙ Built 9999 3 beds 2 baths ∙ 1,102 Sqft ∙ Built 9999
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $750
    • $0.68
    •  
PROPERTY LISTING DETAILS
Jessica Childers
Trinity Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419520
Last Updated: 08/25/2020
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