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501 W Gould Street 
Pilot Point, TX
76258
4 Beds 2 Baths 1,497 sqft
Built 2013
INVESTimate
$254,000
List Price
$73,060
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PROPERTY INFO
FACTS
- Built In 2013
- Price/Sqft : $169.67
- 2 Days on Market
- MLS # : 14420355
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,497 sqft
- Baths : 2 full
Listing Agent
Pd Realty
Listing Agent's Description
LIKE NEW Brick 4 Bedroom, 2 Bath on large corner lot features beautiful custom cabinetry, granite counters, flat top range, built-in microwave, tile and wood floors, built-in dry bar with wine storage, crown molding, blinds, gutters, privacy fenced big backyard, patio, extra driveway for additional parking & more! NO HOA! Buyer & Buyer's Agent to verify all info prior to making an offer.
SEE MORE
- . 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: 76258
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76258
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$937 |
| Property Tax | -$453 | |
| Property Insurance | -$114 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$67
|
||
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.
$254,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.76% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$73,060
LOAN DETAILS
$937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $63,500 |
| Loan Amount | $190,500 |
6.25
YEARS SAVED
$21,248
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$1,740
COMP ESTIMATED VALUE -
$1.16
COMP AVG. RENT PER SQFT
Comps Range
-
501 W Gould Street Pilot Point, TX 3
- 4 beds 2 baths ∙ 1,497 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,497 Sqft ∙ Built 2013
![property image]()
- Rent
- Rent Per SQFT
- $1,670
- $1.12
-
515 E Liberty Street Pilot Point, TX 1
- 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 2009
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,500
- $1.21
-
515 W Broad Street Pilot Point, TX 2
- 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 2019
![property image]()
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,650
- $1.19
-
113 Ken's Court Pilot Point, TX 4
- 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2019
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,800
- $1.18
-
121 Ken S Court Pilot Point, TX 5
- 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2019
![property image]()
LEASED 01/21/20- Rent
- Rent Per SQFT
- $1,895
- $1.07
PROPERTY LISTING DETAILS
Pd Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420355
Last Updated: 08/25/2020
