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

637 Horn Street Crowley, TX 76036

3 Beds 3 Baths 2,244 sqft Built 2005

$270,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $120.32
  • 7 Days on Market
  • MLS # : 14490575
  • Updated Date : 12/28/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,244 sqft
  • Baths : 2 full , 1 half
Listing Agent

Universal Realty. Inc

Listing Agent's Description

Spacious 3 bed 2.1 bath home in a great community. Walking distance to school. 2 story built in 2005 is looking for a new family. 2 dining areas. Kitchen opens to family room for great entertainment. Light and bright with lots of windows. Walk in closets in every bedroom. Ceiling fans. Huge game room upstairs for alll the childplay while parents entertain downstairs. Oversized yard. Shed conveys with purchase. Easy access to all major freeways.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Creekside

NeighborhoodNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240kPrice in $122k243k

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

Neighborhood: Creekside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

* 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
S.h. Crowley Intermediate School Primary Regular 456 26 4
S.h. Crowley Intermediate School Middle Regular 456 26 4
Crowley High School High Regular 2,033 150 4

S.h. Crowley Intermediate School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 26
4
GreatSchools Rating

S.h. Crowley Intermediate School

  • Education Level: Middle
  • # of students: 456
  • # of teachers: 26
4
GreatSchools Rating

Crowley High School

  • Education Level: High
  • # of students: 2,033
  • # of teachers: 150
4
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$996
Property Tax -$669
Property Insurance -$157
Property Management Fees -$99
CASH FLOW
-$211

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.

$270,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 2.7%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,735

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,834

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,710
1$1,7102$1,7253$1,7954$1,8955$1,945
$1,945
RENT COMPS ANALYSIS
  • 637 Horn Street Crowley, TX 1
    • 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.76
    •  
  • 509 Anchor Way Crowley, TX 2
    • 4 beds 2 baths ∙ 2,084 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,084 Sqft ∙ Built 2008
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.83
    •  
  • 533 Paddle Drive Crowley, TX 3
    • 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 2006
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
  • 512 Horn Street Crowley, TX 4
    • 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2019
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.79
    •  
  • 505 Horn Street Crowley, TX 5
    • 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2019
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.81
    •  
PROPERTY LISTING DETAILS
Toan Didion
Universal Realty. Inc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490575
Last Updated: 12/28/2020
BESbswy