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72 Delmore Drive Hillsboro, TX 76645

3 Beds 2 Baths 1,454 sqft Built 1986

$129,900

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $89.34
  • 7 Days on Market
  • MLS # : 14469083
  • Updated Date : 11/30/2020 at 16:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,454 sqft
  • Baths : 2 full
Listing Agent

Julie Siddons, Realtors

Listing Agent's Description

LOOKING FOR A FIXER UPPER? This home needs a little TLC and it could be a show place! The home has 3 bedrooms, 2 full baths and an attached 2 car garage. Large family room with a wood burning fireplace. Wow...this kitchen doesn't lack cabinet space! Built-in stove-oven, electric cooktop, and dishwasher. Breakfast room is located off the kitchen and living room. Don't miss the sunroom or extra den with built-in entertainment center. Laundry room has sink, pantry, place for an extra refrigerator, etc. Master bath has separate vanities, separate tub and shower. Fenced backyard with workshop in back. This house does include the extra lot to the left of the house. Bring your family! This one won't last long!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Zip Code: 76645

ZipNIR Market*CityMarket20102015Year2006201960k70k80k90k100k110k120k130k140k150kPrice in $58k154k

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

Zip Code: 76645

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
Hillsboro Intermediate School Primary Regular 585 47 3
Hillsboro Intermediate School Middle Regular 585 47 3
Hillsboro High School High Regular 475 44 4

Hillsboro Intermediate School

  • Education Level: Primary
  • # of students: 585
  • # of teachers: 47
3
GreatSchools Rating

Hillsboro Intermediate School

  • Education Level: Middle
  • # of students: 585
  • # of teachers: 47
3
GreatSchools Rating

Hillsboro High School

  • Education Level: High
  • # of students: 475
  • # of teachers: 44
4
GreatSchools Rating
 

$116,910$142,890$129,900

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$479
Property Tax -$297
Property Insurance -$108
Property Management Fees -$99
CASH FLOW
$417

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.

$129,900

PROJECTED PRICE

$1,400

PROJECTED RENT

1.08%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 7.6%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$40,174

INVESTMENT

$40,174

Down Payment
$32,475
Rehab Estimate
$5,750
Closing Costs
$1,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$479

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $32,475
Loan Amount $97,425
See What Happens When You Reinvest Cash Flow

15.92

YEARS SAVED

$40,145

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,367

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,700
$1,700
RENT COMPS ANALYSIS
  • 72 Delmore Drive Hillsboro, TX 1
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.96
    •  
  • 113 Chaparral Drive Hillsboro, TX 2
    • 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1994
    property image
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.94
    •  
PROPERTY LISTING DETAILS
Jamie Siddons
Julie Siddons, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469083
Last Updated: 11/30/2020
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