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814 Oneal Street Greenville, TX 75401

3 Beds 2 Baths 1,023 sqft Built 2003

$134,000

List Price

$1,010

$909 - $1.1K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $130.99
  • 2 Days on Market
  • MLS # : 14466471
  • Updated Date : 12/26/2020 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,023 sqft
  • Baths : 2 full
Listing Agent

Huntex Properties Llc

Listing Agent's Description

Convenience, Charm and Comfort! Spacious and cheerful starter home or turn key investment property in a quiet, established neighborhood. This cozy home is centrally located close to schools, shopping, restaurants and I-30. Come home today!

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: 75401

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $67k243k

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

Zip Code: 75401

ZipNIR Market*Market2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Lamar Elementary School Primary Regular 594 39 5
Greenville Middle School Middle Regular 687 46 5
Greenville High School High Regular 1,077 89 5

Lamar Elementary School

  • Education Level: Primary
  • # of students: 594
  • # of teachers: 39
5
GreatSchools Rating

Greenville Middle School

  • Education Level: Middle
  • # of students: 687
  • # of teachers: 46
5
GreatSchools Rating

Greenville High School

  • Education Level: High
  • # of students: 1,077
  • # of teachers: 89
5
GreatSchools Rating
 

$120,600$147,400$134,000

PURCHASE PRICE

$909$1,111$1,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,010
EXPENSES Loan Payment -$494
Property Tax -$301
Property Insurance -$86
Property Management Fees -$99
CASH FLOW
$29

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$134,000

PROJECTED PRICE

$1,010

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k-$1.0k$0.0$1.0k$2.0k$3.0k$4.0k$5.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$41,260

INVESTMENT

$41,260

Down Payment
$33,500
Rehab Estimate
$5,750
Closing Costs
$2,010

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $33,500
Loan Amount $100,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$9,129

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,010

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,003

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,010
1$1,0102$1,1003$1,1754$1,2755$1,275
$1,275
RENT COMPS ANALYSIS
  • 814 Oneal Street Greenville, TX 1
    • 3 beds 2 baths ∙ 1,023 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,023 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,010
    • $0.99
    •  
  • 1219 Hemphill Street Greenville, TX 2
    • 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.01
    •  
  • 3403 Pickett Street Greenville, TX 3
    • 3 beds 1 baths ∙ 1,178 Sqft ∙ Built 2005 3 beds 1 baths ∙ 1,178 Sqft ∙ Built 2005
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $1.00
    •  
  • 1213 Hemphill Street Greenville, TX 4
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2019
    property image
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.93
    •  
  • 3609 Spencer Street Greenville, TX 5
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 2019
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.98
    •  
PROPERTY LISTING DETAILS
Surrey Caison
Huntex Properties Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466471
Last Updated: 12/26/2020
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