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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76645
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$40,174
LOAN DETAILS
$479
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $32,475 |
| Loan Amount | $97,425 |
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
-
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
Julie Siddons, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14469083
Last Updated: 11/30/2020
