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3719 Bison Trail Krum, TX 76249

4 Beds 2 Baths 1,886 sqft Built 2020

INVESTimate

$276,886

List Price

$1,800

$1,620 - $1,980

Rent Est.

$294,551  ( +6.38%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $146.81
  • 2 Days on Market
  • MLS # : 14420334
  • Updated Date : 08/25/2020 at 17:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,886 sqft
  • Baths : 2 full
Listing Agent

Imp Realty

Listing Agent's Description

MLS# 14420334 - Built by Impression Homes - December completion! ~ Phase one of Hopkins Meadows is almost SOLD out! Very limited chances to get a new home in Krum this year! This is popular Alderbury plan will be finished with many great Impression Homes Features, Wood Look Tile in the main areas, Granite or Quartz Tops in Kitchen, Covered Patio, Fireplace, Living Smarter package, Built In Appliances Stainless, and much more!

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: 76249

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $114k245k

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

Zip Code: 76249

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8371734

* 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
Dodd Intermediate School Primary Regular 309 24 5
Krum Middle School Middle Regular 486 33 5
Krum High School High Regular 596 43 6

Dodd Intermediate School

  • Education Level: Primary
  • # of students: 309
  • # of teachers: 24
5
GreatSchools Rating

Krum Middle School

  • Education Level: Middle
  • # of students: 486
  • # of teachers: 33
5
GreatSchools Rating

Krum High School

  • Education Level: High
  • # of students: 596
  • # of teachers: 43
6
GreatSchools Rating
 

$249,197$304,575$276,886

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,022
Property Tax -$557
Property Insurance -$136
HOA -$50
Property Management Fees -$99
CASH FLOW
-$64

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$276,886

PROJECTED PRICE

$1,800

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.38%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,375

INVESTMENT

$75,375

Down Payment
$69,222
Rehab Estimate
$2,000
Closing Costs
$4,153

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,022

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,222
Loan Amount $207,665
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,051

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,768

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,6954$1,6995$1,800
$1,800
RENT COMPS ANALYSIS
  • 3719 Bison Trail Krum, TX 5
    • 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.95
    •  
  • 314 Saddlebrook Drive Krum, TX 1
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2009
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.95
    •  
  • 1411 Dakota Trail Krum, TX 2
    • 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 2006
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 5104 Meadow Lane Krum, TX 3
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2014
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.97
    •  
  • 108 Comanche Trail Krum, TX 4
    • 4 beds 2 baths ∙ 1,894 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,894 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.90
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Imp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14420334
Last Updated: 08/25/2020
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