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704 Liberty Bullard, TX 75757

3 Beds 2 Baths 1,383 sqft Built 2020

$224,900

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $162.62
  • 3 Days on Market
  • MLS # : 14500469
  • Updated Date : 01/16/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,383 sqft
  • Baths : 2 full
Listing Agent

Cameron Realty, Inc.

Listing Agent's Description

Sitting high on a hill adjacent to Brookhill Academy and looking down on Bullard ISD, this home is perfectly situated in this growing community close to Tyler but miles away from the South Tyler traffic. The home features 9 ft ceilings throughout, an open floor plan, granite countertops and a custom feel you seldom find in new construction. Energy efficiency was of paramount importance to the builder in the selection of windows, HVAC system and the use of foam insulation. The yard is the perfect size to enjoy the grass on your toes but not spend the day mowing.

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: 75757

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $68k235k

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

Zip Code: 75757

ZipNIR Market*CityMarket2015Year20102019 Q2100010501100115012001250130013501400145015001550160016501700Rent in $10001718

* 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
Bullard Elementary School Primary Regular 522 37 8
Bullard Middle School Middle Regular 375 27 8
Bullard Middle School High Regular 375 27 8

Bullard Elementary School

  • Education Level: Primary
  • # of students: 522
  • # of teachers: 37
8
GreatSchools Rating

Bullard Middle School

  • Education Level: Middle
  • # of students: 375
  • # of teachers: 27
8
GreatSchools Rating

Bullard Middle School

  • Education Level: High
  • # of students: 375
  • # of teachers: 27
8
GreatSchools Rating
 

$202,410$247,390$224,900

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$781
Property Tax -$483
Property Insurance -$107
Property Management Fees -$99
CASH FLOW
-$180

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$224,900

PROJECTED PRICE

$1,290

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 1.9%
Maintenance Year (1-5) 3.00%
Vacancy 10.10%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,599

INVESTMENT

$61,599

Down Payment
$56,225
Rehab Estimate
$2,000
Closing Costs
$3,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$781

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,225
Loan Amount $168,675
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$45

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,286

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,500
$1,500
RENT COMPS ANALYSIS
  • 704 Liberty Bullard, TX 1
    • 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.93
    •  
  • 1122 Nate Circle Bullard, TX 2
    • 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 2018
    property image
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.93
    •  
PROPERTY LISTING DETAILS
Ricky Cameron
Cameron Realty, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500469
Last Updated: 01/16/2021
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