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3995 County Road 4220 Commerce, TX 75428

4 Beds 2 Baths 1,314 sqft Built 2014

$280,000

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $213.09
  • 7 Days on Market
  • MLS # : 14508063
  • Updated Date : 02/01/2021 at 04:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,314 sqft
  • Baths : 2 full
Listing Agent

Fdez Realty

Listing Agent's Description

This property is described as Cozy and Comfortable this beautiful home is nestled in the woods with mature trees on 7.5 acres with barn enjoy the pond fishing and have a lot of relax while you own this amazing property bring your horses cows etc and is just in the heart of Commerce

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: 75428

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $75k243k

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

Zip Code: 75428

ZipNIR Market*Market2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Ac. Williams Elementary School Primary Regular 332 23 4
Commerce Middle School Middle Regular 333 26 3
Commerce High School High Regular 437 32 5

Ac. Williams Elementary School

  • Education Level: Primary
  • # of students: 332
  • # of teachers: 23
4
GreatSchools Rating

Commerce Middle School

  • Education Level: Middle
  • # of students: 333
  • # of teachers: 26
3
GreatSchools Rating

Commerce High School

  • Education Level: High
  • # of students: 437
  • # of teachers: 32
5
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$973
Property Tax -$725
Property Insurance -$103
Property Management Fees -$99
CASH FLOW
-$680

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$280,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

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-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$876

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,169

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$975
1$9752$1,1003$1,2204$1,2505$1,295
$1,295
RENT COMPS ANALYSIS
  • 3995 County Road 4220 Commerce, TX 3
    • 4 beds 2 baths ∙ 1,314 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,314 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.93
    •  
  • 606 Aldridge Street Commerce, TX 1
    • 3 beds 2 baths ∙ 1,165 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,165 Sqft ∙ Built 1999
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $975
    • $0.84
    •  
  • 1004 Solomon Drive Commerce, TX 2
    • 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 2000
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.89
    •  
  • 1006 Solomon Drive Commerce, TX 4
    • 4 beds 2 baths ∙ 1,367 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,367 Sqft ∙ Built 2000
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.91
    •  
  • 415 Williams Drive Commerce, TX 5
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2020
    LEASED 01/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.93
    •  
PROPERTY LISTING DETAILS
Hector Flores
Fdez Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508063
Last Updated: 02/01/2021
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