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4229 Hampton Shreveport, LA 71107

4 Beds 2 Baths 2,475 sqft Built 1982

$149,900

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $60.57
  • 2 Days on Market
  • MLS # : 176965NL
  • Updated Date : 03/12/2021 at 19:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,475 sqft
  • Baths : 2 full
Listing Agent

Re/max Advantage

Listing Agent's Description

Priced To Sell** Great Investment Property** A Must See

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

Neighborhood: Western Hills and Yarborough

NeighborhoodNIR Market*CityMarket2010Year2004 Q3201975k80k85k90k95k100k105k110k115k120k125k130k135k140kPrice in $73k144k

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

Neighborhood: Western Hills and Yarborough

NeighborhoodNIR Market*CityMarket2015Year2009 Q32019 Q28509009501000105011001150Rent in $8481167

* 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
Claiborne Fundamental Elementary School Primary Magnet 401 26 10
Caddo Middle Magnet Middle Magnet 1,281 65 10
Caddo Parish Magnet High School High Magnet 1,122 69 9

Claiborne Fundamental Elementary School

  • Education Level: Primary
  • # of students: 401
  • # of teachers: 26
10
GreatSchools Rating

Caddo Middle Magnet

  • Education Level: Middle
  • # of students: 1,281
  • # of teachers: 65
10
GreatSchools Rating

Caddo Parish Magnet High School

  • Education Level: High
  • # of students: 1,122
  • # of teachers: 69
9
GreatSchools Rating
 

$134,910$164,890$149,900

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$521
Property Tax -$186
Property Insurance -$74
Property Management Fees -$99
CASH FLOW
$310

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$149,900

PROJECTED PRICE

$1,190

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 1.87%
Appreciation Year (1-5) 1.0%
Maintenance Year (1-5) 8.00%
Vacancy 8.23%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,474

INVESTMENT

$45,474

Down Payment
$37,475
Rehab Estimate
$5,750
Closing Costs
$2,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$521

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $37,475
Loan Amount $112,425
See What Happens When You Reinvest Cash Flow

12

YEARS SAVED

$28,556

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $0.48

    LIST RENT PER SQFT
  • $1,535

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,190
1$1,1902$1,3003$1,400
$1,400
RENT COMPS ANALYSIS
  • 4229 Hampton Shreveport, LA 1
    • 4 beds 2 baths ∙ 2,475 Sqft ∙ Built 1982 4 beds 2 baths ∙ 2,475 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $0.48
    •  
  • 3413 Edson Boulevard Shreveport, LA 2
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1984
    property image
    LEASED 03/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.59
    •  
  • 1821 Hunter Circle Shreveport, LA 3
    • 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 1979
    property image
    LEASED 03/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.65
    •  
PROPERTY LISTING DETAILS
Jonathan Newton
Re/max Advantage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 176965NL
Last Updated: 03/12/2021
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