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501 S Anglin Street Cleburne, TX 76031

3 Beds 2 Baths 1,286 sqft Built 2021

$209,900

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $163.22
  • 4 Days on Market
  • MLS # : 14529428
  • Updated Date : 03/11/2021 at 02:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,286 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty

Listing Agent's Description

Come see this new construction in an established neighborhood, move in ready for you to call home! Complete foam encapsulation means impressive savings on your electric bill year round! Kitchen features custom cabinetry, granite countertops, accent tile, and all new appliances with manufacturer warranties. Tray ceiling accents and energy efficient windows add appeal and natural lighting. Bathrooms feature granite as well as decorative mirrors and custom cabinets. Outside, there are several options for covered porches to relax on and enjoy your morning coffee or beverage of choice. Mature trees offer glorious shade during summer months.

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: 76031

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Zip Code: 76031

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8731734

* 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
Adams Elementary School Primary Regular 435 31 5
Smith Middle School Middle Regular 775 53 4
Cleburne High School High Regular 1,653 110 4

Adams Elementary School

  • Education Level: Primary
  • # of students: 435
  • # of teachers: 31
5
GreatSchools Rating

Smith Middle School

  • Education Level: Middle
  • # of students: 775
  • # of teachers: 53
4
GreatSchools Rating

Cleburne High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 110
4
GreatSchools Rating
 

$188,910$230,890$209,900

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$729
Property Tax -$517
Property Insurance -$102
Property Management Fees -$99
CASH FLOW
-$276

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.

$209,900

PROJECTED PRICE

$1,170

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$5.0k-$4.0k-$3.0k-$2.0k-$1.0k$0.0$1.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,624

INVESTMENT

$57,624

Down Payment
$52,475
Rehab Estimate
$2,000
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$14

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,344

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1703$1,1954$1,3255$1,550
$1,550
RENT COMPS ANALYSIS
  • 501 S Anglin Street Cleburne, TX 2
    • 3 beds 2 baths ∙ 1,286 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,286 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $0.91
    •  
  • 608 S Robinson Street Cleburne, TX 1
    • 3 beds 2 baths ∙ 1,104 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,104 Sqft ∙ Built 2007
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.00
    •  
  • 207 Robbins Street Cleburne, TX 3
    • 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.10
    •  
  • 1315 Joslin Street Cleburne, TX 4
    • 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 2018
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.02
    •  
  • 216 Lovelady Cleburne, TX 5
    • 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 2020
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.06
    •  
PROPERTY LISTING DETAILS
Regina Ulrich
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14529428
Last Updated: 03/11/2021
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