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920 Rosebud Drive Azle, TX 76020

3 Beds 2 Baths 1,477 sqft Built 1982

$185,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $125.25
  • 4 Days on Market
  • MLS # : 14501882
  • Updated Date : 01/22/2021 at 08:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,477 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Must see this sweet charming home. Great location near schools, shopping, and only 1.5 miles to lake access and Shady Grove Park on Eagle Mountain lake. Large bedrooms and two full bathrooms. Adorable brick fireplace and a great kitchen layout with an eat in bar. Fenced backyard has a small storage shed and a large patio ready for you to host your favorite people. ***Multiple offers and deadline is Monday 1-25 2pm***

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 76020

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Zip Code: 76020

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9121734

* 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
Cross Timbers Elementary School Primary Regular 509 30 7
Forte Junior High School Middle Regular 448 28 5
Azle High School High Regular 1,742 107 7

Cross Timbers Elementary School

  • Education Level: Primary
  • # of students: 509
  • # of teachers: 30
7
GreatSchools Rating

Forte Junior High School

  • Education Level: Middle
  • # of students: 448
  • # of teachers: 28
5
GreatSchools Rating

Azle High School

  • Education Level: High
  • # of students: 1,742
  • # of teachers: 107
7
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$643
Property Tax -$315
Property Insurance -$113
Property Management Fees -$99
CASH FLOW
$421

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.

$185,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.86%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.9%
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$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$643

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

14.58

YEARS SAVED

$44,080

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,591

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,5503$1,5904$1,5955$1,600
$1,600
RENT COMPS ANALYSIS
  • 920 Rosebud Drive Azle, TX 3
    • 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $1.08
    •  
  • 844 James Street Azle, TX 1
    • 3 beds 2 baths ∙ 1,162 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,162 Sqft ∙ Built 1984
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.08
    •  
  • 804 Lake Crest Parkway Azle, TX 2
    • 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1979
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.06
    •  
  • 213 Pecan Street Azle, TX 4
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1978
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.07
    •  
  • 800 Vickie Drive Azle, TX 5
    • 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 2000
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.10
    •  
PROPERTY LISTING DETAILS
Chrissy Mallouf
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14501882
Last Updated: 01/22/2021
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