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921 Jones Street Greenville, TX 75401

4 Beds 2 Baths 1,520 sqft Built 2020

$199,900

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $131.51
  • 4 Days on Market
  • MLS # : 14469866
  • Updated Date : 11/13/2020 at 09:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,520 sqft
  • Baths : 2 full
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

NEW CONSTRUCTION!! Dreamed of owning a brand new home? Here's your chance to do so! Brick on all 4 sides! Granite countertops in the kitchen and both bathrooms, 4 bedrooms, two baths, and so much more! Due to COVID, appliances are delayed and will arrive by end of November, but will be stainless steel!

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
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$738
Property Tax -$449
Property Insurance -$115
Property Management Fees -$99
CASH FLOW
-$211

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$199,900

PROJECTED PRICE

$1,190

PROJECTED RENT

0.60%

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) 3.00%
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

PROJECTED ANNUAL CASH FLOW

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

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$54,974

INVESTMENT

$54,974

Down Payment
$49,975
Rehab Estimate
$2,000
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$369

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,360

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,190
1$1,1902$1,3503$1,4254$1,4255$1,450
$1,450
RENT COMPS ANALYSIS
  • 921 Jones Street Greenville, TX 1
    • 4 beds 2 baths ∙ 1,520 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,520 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $0.78
    •  
  • 1122 Oneal Street Greenville, TX 2
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 2019
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.92
    •  
  • 920 Jones Street Greenville, TX 3
    • 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 2019
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.88
    •  
  • 1112 Walworth Street Greenville, TX 4
    • 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 2020
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.88
    •  
  • 1400 Hemphill Street Greenville, TX 5
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 2019
    property image
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
PROPERTY LISTING DETAILS
Laura Beytia
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469866
Last Updated: 11/13/2020
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