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8 Broadmoor Court Bonham, TX 75418

3 Beds 3 Baths 2,246 sqft Built 1986

$270,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $120.21
  • 2 Days on Market
  • MLS # : 14466663
  • Updated Date : 11/07/2020 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,246 sqft
  • Baths : 2 full , 1 half
Listing Agent

Frontier Properties

Listing Agent's Description

Welcome home to this amazing spacious and updated home on a beautiful lot shaded with large mature trees on cul-de-sac street. Very quite with low traffic and parking and garage access from alley in back. Home has been remodeled with modern finishes and the great wood accents from it's era have been saved and highlighted. Roomy kitchen with eat in dining area as well as formal dining area make it great for entertaining and comfortable living. Very private back yard with covered patio and new fencing allow for lots of room for kids to play safely or to just relax and enjoy. Backyard also has a very convenient storage building. Don't wait any longer to get the perfect home in the perfect neighborhood.

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: 75418

ZipNIR Market*CityMarket2015Year2007 Q3201960k70k80k90k100k110k120k130k140kPrice in $58k141k

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

Zip Code: 75418

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
Finley-oates Elementary School Primary Regular 546 39 4
L.h. Rather Junior High School Middle Regular 273 17 4
Bonham High School High Regular 513 44 4

Finley-oates Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 39
4
GreatSchools Rating

L.h. Rather Junior High School

  • Education Level: Middle
  • # of students: 273
  • # of teachers: 17
4
GreatSchools Rating

Bonham High School

  • Education Level: High
  • # of students: 513
  • # of teachers: 44
4
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$996
Property Tax -$598
Property Insurance -$152
Property Management Fees -$99
CASH FLOW
-$285

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.

$270,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.3%
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-$8.0k-$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$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$72

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,505

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,560
$1,560
RENT COMPS ANALYSIS
  • 8 Broadmoor Court Bonham, TX 2
    • 3 beds 3 baths ∙ 2,246 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,246 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.69
    •  
  • 403 Wes Michael Road Bonham, TX 1
    • 3 beds 2 baths ∙ 2,227 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,227 Sqft ∙ Built 1973
    LEASED 07/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.67
    •  
PROPERTY LISTING DETAILS
Stuart Hall
Frontier Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466663
Last Updated: 11/07/2020
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