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707 Broadway Street Whitesboro, TX 76273

4 Beds 2 Baths 1,421 sqft Built 1984

$169,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $118.93
  • 2 Days on Market
  • MLS # : 14536546
  • Updated Date : 03/20/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,421 sqft
  • Baths : 2 full
Listing Agent

Re/max Signature Properties

Listing Agent's Description

Cute brick home in Whitesboro! This home offers a great open living room with tons of natural light, immaculate kitchen with granite counter tops, stainless steel appliances and lots of cabinet storage. Covered back patio is perfect for unwinding after a long day or for a cup of coffee on a Saturday Morning. Come take a look today this just might be the home for you!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Zip Code: 76273

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170kPrice in $64k175k

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

Zip Code: 76273

No Data Available.

* 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
Whitesboro Intermediate School Primary Regular 354 20 6
Whitesboro Middle School Middle Regular 370 27 7
Whitesboro High School High Regular 420 36 6

Whitesboro Intermediate School

  • Education Level: Primary
  • # of students: 354
  • # of teachers: 20
6
GreatSchools Rating

Whitesboro Middle School

  • Education Level: Middle
  • # of students: 370
  • # of teachers: 27
7
GreatSchools Rating

Whitesboro High School

  • Education Level: High
  • # of students: 420
  • # of teachers: 36
6
GreatSchools Rating
 

$152,100$185,900$169,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$587
Property Tax -$331
Property Insurance -$105
Property Management Fees -$99
CASH FLOW
$239

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.

$169,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 12.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
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$800k

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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,535

INVESTMENT

$50,535

Down Payment
$42,250
Rehab Estimate
$5,750
Closing Costs
$2,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$587

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $42,250
Loan Amount $126,750
See What Happens When You Reinvest Cash Flow

9.92

YEARS SAVED

$24,304

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,549

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,3603$1,4004$1,650
$1,650
RENT COMPS ANALYSIS
  • 707 Broadway Street Whitesboro, TX 2
    • 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.96
    •  
  • 105 Church Street Whitesboro, TX 1
    • 3 beds 2 baths ∙ 1,147 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,147 Sqft ∙ Built 2002
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.11
    •  
  • 107 Church Street Whitesboro, TX 3
    • 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 2002
    property image
    LEASED 11/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.14
    •  
  • 314 Trollinger Street Whitesboro, TX 4
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1988
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
PROPERTY LISTING DETAILS
Sheryl Bentley
Re/max Signature Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536546
Last Updated: 03/20/2021
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