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430 S 1st Street Krum, TX 76249

3 Beds 2 Baths 1,314 sqft Built 1988

$249,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $190.18
  • 3 Days on Market
  • MLS # : 14502552
  • Updated Date : 01/29/2021 at 15:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,314 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty, Llc

Listing Agent's Description

If you have been looking for a ranch modern farmhouse - look no further! 3 Bed 2 bath - Designer details surprise you at every nook! This house has been redone top to bottom. Too many upgrades to list - but here are a few! New roof - 40 yr - LVP throughout the house - easy cleanup! Recessed LED lighting - with a soft greigh modern paint color! KITCHEN! Holy moly - white shaker cabinets - soft close drawers and doors - quartz counters - and how about a beautiful white barn door that SOFT CLOSES! HUGE backyard!! This house has quick easy access to Denton and maybe you want to do a walkabout to downtown Krum and pick up a cup of coffee?! Put this on your must see list!

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 76249

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $114k245k

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

Zip Code: 76249

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8371734

* 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
Dodd Intermediate School Primary Regular 309 24 5
Krum Middle School Middle Regular 486 33 5
Krum High School High Regular 596 43 6

Dodd Intermediate School

  • Education Level: Primary
  • # of students: 309
  • # of teachers: 24
5
GreatSchools Rating

Krum Middle School

  • Education Level: Middle
  • # of students: 486
  • # of teachers: 33
5
GreatSchools Rating

Krum High School

  • Education Level: High
  • # of students: 596
  • # of teachers: 43
6
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$868
Property Tax -$503
Property Insurance -$103
Property Management Fees -$99
CASH FLOW
-$153

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.

$249,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$2,663

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,419

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,5503$1,5954$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 430 S 1st Street Krum, TX 1
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.08
    •  
  • 3 W Sharon Drive Krum, TX 2
    • 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1985
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.12
    •  
  • 1230 Feather Crest Drive Krum, TX 3
    • 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 2007
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.00
    •  
  • 18 Cole Circle Krum, TX 4
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1977
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.08
    •  
  • 208 White Wing Drive Krum, TX 5
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 2000
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.12
    •  
PROPERTY LISTING DETAILS
Michelle Hilgendorf
Fathom Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14502552
Last Updated: 01/29/2021
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