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4361 Masch Branch Road Krum, TX 76249

4 Beds 2 Baths 2,140 sqft Built 1983

$435,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $203.27
  • 2 Days on Market
  • MLS # : 14481838
  • Updated Date : 12/05/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,140 sqft
  • Baths : 2 full
Listing Agent

Bluemark, Llc

Listing Agent's Description

Gorgeous 4 bedroom ranch style home that sits on THREE ACRES! This home has an open floor plan that makes it feel very inviting, and cozy. Fall in love with cooking again in this kitchen boasting tons of cabinet space, convenient breakfast bar, tile backsplash and SS appliances. Generous bedrooms, ample closet space, and full-size laundry. The oversized carport and covered patio creates the perfect atmosphere for all your outdoor fun. PLUS an additional garage in the rear and a 1200 sqft 40 x 30 barn with electric perfect for a storage area, entertainment hall, or covered parking for you RV! DON'T WAIT! Call Today!

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: 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
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,605
Property Tax -$875
Property Insurance -$151
Property Management Fees -$99
CASH FLOW
-$1,120

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.

$435,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.37%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$675

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,840

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,610
1$1,6102$1,625
$1,625
RENT COMPS ANALYSIS
  • 4361 Masch Branch Road Krum, TX 1
    • 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.75
    •  
  • 1404 Wenatchee Drive Krum, TX 2
    • 4 beds 2 baths ∙ 1,894 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,894 Sqft ∙ Built 2002
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.86
    •  
PROPERTY LISTING DETAILS
Flor Ibarra
Bluemark, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481838
Last Updated: 12/05/2020
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