Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

414 Club Lake Rd Gate 3 Teague, TX 75860

3 Beds 2 Baths 1,232 sqft Built 1995

$119,000

List Price

$650

$585 - $715

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $96.59
  • 5 Days on Market
  • MLS # : 14539428
  • Updated Date : 03/24/2021 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,232 sqft
  • Baths : 2 full
Listing Agent

Rachel Anderson Real Estate

Listing Agent's Description

ALL YOU NEED IS YOUR FISHING POLE! Fully furnished, beautifully remodeled, double wide on a quiet, private lake in central Texas is waiting for you! Appliances, Furniture, Kitchenware, Decorations, and even the lawnmower is included! Come for the weekend or make it your home. Enjoy the awesome sunsets over the water from the covered back porch or the deck on the water’s edge. Covered parking in the front and a foam insulated workshop in the back. Conveniently located midway between Dallas & Houston. Easy drive from the metro areas. Low HOA of $200 a year. Don’t miss another beautiful weekend of fishing & relaxing!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Zip Code: 75860

ZipNIR Market*CityMarket20102015Year2007201960k70k80k90k100k110k120k130k140k150k160kPrice in $52k168k

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

Zip Code: 75860

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
Teague Elementary School Primary Regular 427 32 5
Teague Junior High School Middle Regular 303 22 3
Teague High School High Regular 385 36 6

Teague Elementary School

  • Education Level: Primary
  • # of students: 427
  • # of teachers: 32
5
GreatSchools Rating

Teague Junior High School

  • Education Level: Middle
  • # of students: 303
  • # of teachers: 22
3
GreatSchools Rating

Teague High School

  • Education Level: High
  • # of students: 385
  • # of teachers: 36
6
GreatSchools Rating
 

$107,100$130,900$119,000

PURCHASE PRICE

$585$715$650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $650
EXPENSES Loan Payment -$413
Property Tax -$272
Property Insurance -$96
HOA -$17
Property Management Fees -$99
CASH FLOW
-$247

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.

$119,000

PROJECTED PRICE

$650

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) -3.1%
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$50k$100k$150k$200k

PROJECTED ANNUAL CASH FLOW

11530-$5.0k-$4.0k-$3.0k-$2.0k-$1.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$37,285

INVESTMENT

$37,285

Down Payment
$29,750
Rehab Estimate
$5,750
Closing Costs
$1,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$413

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $29,750
Loan Amount $89,250
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$12

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $650

    LIST RENT
  • $0.53

    LIST RENT PER SQFT
  • $653

    COMP ESTIMATED VALUE
  • $0.53

    COMP AVG. RENT PER SQFT
Comps Range
$650
1$6502$825
$825
RENT COMPS ANALYSIS
  • 414 Club Lake Rd Gate 3 Teague, TX 1
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $650
    • $0.53
    •  
  • 416 N 3rd Avenue Teague, TX 2
    • 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2006
    property image
    LEASED 01/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $825
    • $0.53
    •  
PROPERTY LISTING DETAILS
Rachel Anderson
Rachel Anderson Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14539428
Last Updated: 03/24/2021
BESbswy