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4118 Washington Street Greenville, TX 75401

3 Beds 2 Baths 1,488 sqft Built 2020

$234,995

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $157.93
  • 12 Days on Market
  • MLS # : 14469737
  • Updated Date : 11/21/2020 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,488 sqft
  • Baths : 2 full
Listing Agent

Rw Properties

Listing Agent's Description

BEAUTIFUL NEW CUSTOM 1 STORY HOME ON A LARGE CORNER LOT! This costume home offers an Open floor plan with 3 beds, 2 baths, and a 2 car garage. Lovely, bright kitchen with a spacious island, walk-in pantry, abundant cabinets, stainless appliances, & beautiful granite counters. The master suite is split from other bedrooms, providing extra privacy, Includes a separate glass-enclosed shower and walk-in closet. Nice Covered patio offers a great space for family gatherings and entertainment.

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: 75401

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $67k243k

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

Zip Code: 75401

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
Carver Elementary School Primary Regular 473 35 3
Greenville Middle School Middle Regular 687 46 5
Greenville High School High Regular 1,077 89 5

Carver Elementary School

  • Education Level: Primary
  • # of students: 473
  • # of teachers: 35
3
GreatSchools Rating

Greenville Middle School

  • Education Level: Middle
  • # of students: 687
  • # of teachers: 46
5
GreatSchools Rating

Greenville High School

  • Education Level: High
  • # of students: 1,077
  • # of teachers: 89
5
GreatSchools Rating
 

$211,496$258,495$234,995

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$867
Property Tax -$528
Property Insurance -$113
Property Management Fees -$99
CASH FLOW
-$238

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$234,995

PROJECTED PRICE

$1,370

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 3.00%
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-$4.0k-$2.0k$0.0$2.0k

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$64,274

INVESTMENT

$64,274

Down Payment
$58,749
Rehab Estimate
$2,000
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,749
Loan Amount $176,246
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$557

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,369

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3003$1,3004$1,3705$1,375
$1,375
RENT COMPS ANALYSIS
  • 4118 Washington Street Greenville, TX 4
    • 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.92
    •  
  • 3319 Eutopia Street Greenville, TX 1
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 2019
    property image
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.88
    •  
  • 3408 Eutopia Street Greenville, TX 2
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2019
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
  • 3410 Eutopia Street Greenville, TX 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2020
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
  • 2812 Bourland Street Greenville, TX 5
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 2020
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.94
    •  
PROPERTY LISTING DETAILS
Aurelia Juarez
Rw Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469737
Last Updated: 11/21/2020
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