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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $116.16
- 6 Days on Market
- MLS # : 14486908
- Updated Date : 12/22/2020 at 19:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,850 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
New construction on a corner lot with side entry 2 car garage. This home offers nice finishes at an affordable price. Ceramic tiling through the main areas with engineered hardwood flooring in the bedrooms. Living Room, Dining Room and Kitchen are all very spacious a great open concept floorplan. Granite countertops with breakfast bar, stainless appliances including microwave and dishwasher and designer backsplash with stained cabinetry. There's even a good size pantry! Bedrooms are very large with walk in closets. Extra LED recessed lighting, spray foam insulation, and energy efficient windows are just a few items that will help you SAVE MONEY in your new home!
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: 76031
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76031
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$793 |
| Property Tax | -$529 | |
| Property Insurance | -$134 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$255
|
||
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.
$214,900
PROJECTED PRICE
$1,810
PROJECTED RENT
0.84%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$58,949
LOAN DETAILS
$793
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $53,725 |
| Loan Amount | $161,175 |
10.58
YEARS SAVED
$40,685
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,807
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
701 Robbins Street Cleburne, TX 4
- 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $1,810
- $0.98
-
303 Preston Drive Cleburne, TX 1
- 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 2001
LEASED 12/02/20- Rent
- Rent Per SQFT
- $1,500
- $0.91
-
1211 Davis Street Cleburne, TX 2
- 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 2020
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,595
- $0.95
-
223 Preston Drive Cleburne, TX 3
- 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 2004
LEASED 07/23/20- Rent
- Rent Per SQFT
- $1,795
- $1.07
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14486908
Last Updated: 12/22/2020
