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403 3rd Street Whitesboro, TX 76273

3 Beds 2 Baths 1,522 sqft Built 2019

$219,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $143.89
  • 4 Days on Market
  • MLS # : 14498043
  • Updated Date : 01/14/2021 at 03:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,522 sqft
  • Baths : 2 full
Listing Agent

Post Oak Realty

Listing Agent's Description

Here is a well taken care of spacious home in the heart of Whitesboro! Right away you are greeted with a clean, like-new home with 2 extra bedrooms on one side of the house and a good sized bathroom. The laundry room has space for a full sized washer and dryer and custom cabinets. The open concept kitchen and living space is great for entertaining with an over-sized kitchen island, dual sinks, gas appliances, and tons of custom storage space. The sliding door leads to a nice covered patio out back. The large master suite boasts a walk in shower, large closet, and dual sinks for personal counter space! Just walking distance from all WISD schools and seconds from downtown, this home is in the ideal location!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
 

$197,100$240,900$219,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$761
Property Tax -$428
Property Insurance -$110
Property Management Fees -$99
CASH FLOW
$12

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.

$219,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.64%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,785

INVESTMENT

$63,785

Down Payment
$54,750
Rehab Estimate
$5,750
Closing Costs
$3,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,750
Loan Amount $164,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$6,571

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,461

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3753$1,4004$1,4105$1,475
$1,475
RENT COMPS ANALYSIS
  • 403 3rd Street Whitesboro, TX 4
    • 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.93
    •  
  • 409 Walnut Street Whitesboro, TX 1
    • 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 2016
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.94
    •  
  • 402 White Street Whitesboro, TX 2
    • 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
    •  
  • 315 Water Street Whitesboro, TX 3
    • 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 2019
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.96
    •  
  • 800 Main Street Whitesboro, TX 5
    • 4 beds 2 baths ∙ 1,505 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,505 Sqft ∙ Built 2019
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.98
    •  
PROPERTY LISTING DETAILS
Cody Fennell
Post Oak Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14498043
Last Updated: 01/14/2021
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