Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

600 Williamsburg Drive Ennis, TX 75119

3 Beds 2 Baths 1,536 sqft Built 1988

INVESTimate

$190,000

List Price

$1,490

$1,341 - $1,639

Rent Est.

$206,302  ( +8.58%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $123.70
  • 2 Days on Market
  • MLS # : 14418340
  • Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,536 sqft
  • Baths : 2 full
Listing Agent

Door Texas Realty, Llc

Listing Agent's Description

Come see this 3 bed, 2 bath home on a corner lot in Ennis! Spacious living room with vaulted ceiling and beams, brick fireplace, crown moulding, and plenty of natural light! You'll love the kitchen with a unique tin backsplash and plenty of storage space that flows into a dining room with built-ins, crown moulding, and bay windows! Large master showcases dual vanities, garden tub, and separate walk-in shower. Two more bedrooms share a bath. Don't miss the backyard with an extensive covered patio! Walking distance to the elementary school just and just minutes from Lake Clark!

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: 75119

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Zip Code: 75119

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
James Bowie Elementary School Primary Regular 386 25 6
Ennis Junior High School Middle Regular 828 52 5
Ennis High School High Regular 1,635 112 4

James Bowie Elementary School

  • Education Level: Primary
  • # of students: 386
  • # of teachers: 25
6
GreatSchools Rating

Ennis Junior High School

  • Education Level: Middle
  • # of students: 828
  • # of teachers: 52
5
GreatSchools Rating

Ennis High School

  • Education Level: High
  • # of students: 1,635
  • # of teachers: 112
4
GreatSchools Rating
 

$171,000$209,000$190,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$701
Property Tax -$415
Property Insurance -$116
Property Management Fees -$99
CASH FLOW
$159

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$190,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.58%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$24,896

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,326

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3253$1,4904$1,495
$1,495
RENT COMPS ANALYSIS
  • 600 Williamsburg Drive Ennis, TX 3
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.97
    •  
  • 2012 Tallahassee Drive Ennis, TX 1
    • 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2000
    LEASED 02/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.84
    •  
  • 1002 Savannah Drive Ennis, TX 2
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1981
    LEASED 02/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.88
    •  
  • 2106 Memphis Street Ennis, TX 4
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2007
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.87
    •  
PROPERTY LISTING DETAILS
Bryan Honea
Door Texas Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418340
Last Updated: 08/25/2020
BESbswy