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804 E 6th Street Bonham, TX 75418

3 Beds 3 Baths 1,500 sqft Built 2020

$199,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $132.67
  • 2 Days on Market
  • MLS # : 14466006
  • Updated Date : 11/07/2020 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,500 sqft
  • Baths : 3 full
Listing Agent

Citiwide Properties Corp.

Listing Agent's Description

Beautiful new construction from Stanford Luxury Homes. This flowing floorplan is perfect for outdoor + indoor entertaining. Families will love the split bedrooms and also the big primary bedroom featuring his and hers full baths. High-end finishes and conveniences throughout include crown molding, designer-picked colors, granite for all countertops and vanities, recessed plus designer remote-controlled lighting and ceiling fans. This home will be low to no maintenance for years with the smart appliances and modern construction methods. Outside you you will love the oversized lot with mature trees, several concrete patios and all fenced for privacy with a tall custom cedar fence. Don't miss this one!

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
 

$179,100$218,900$199,000

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 -$734
Property Tax -$441
Property Insurance -$111
Property Management Fees -$99
CASH FLOW
-$24

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$199,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.68%

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) 3.00%
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-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,735

INVESTMENT

$54,735

Down Payment
$49,750
Rehab Estimate
$2,000
Closing Costs
$2,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,750
Loan Amount $149,250
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$4,876

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
  • $0.91

    LIST RENT PER SQFT
  • $1,335

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,360
$1,360
RENT COMPS ANALYSIS
  • 804 E 6th Street Bonham, TX 2
    • 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.91
    •  
  • 214 Braz Street Bonham, TX 1
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 2019
    property image
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.89
    •  
PROPERTY LISTING DETAILS
Hillary Leutwyler
Citiwide Properties Corp.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466006
Last Updated: 11/07/2020
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