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315 N 8th Street 
Jacksboro, TX
76458
3 Beds 2 Baths 1,422 sqft
Built 9999
INVESTimate
$99,900
List Price
$32,224
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PROPERTY INFO
FACTS
- Built In 9999
- Price/Sqft : $70.25
- 2 Days on Market
- MLS # : 14419520
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,422 sqft
- Baths : 2 full
Listing Agent
Trinity Realty
Listing Agent's Description
IT'S TIME TO MAKE A MOVE! This house has been completely updated and is move in ready! Great house on an oversized lot in a great community with easy access to all amenities. This house offers 3 bedrooms, 2 baths, over 1,400 sf of living space, and an oversized lot that abuts a greenbelt. This house is made ready for the first time home buyer, growing family, or the empty-nesters. It fits everything you could possibly want in a home!
SEE MORE
- . 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: 76458
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76458
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,040 |
| EXPENSES | Loan Payment | -$369 |
| Property Tax | -$301 | |
| Property Insurance | -$106 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$166
|
||
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.
$99,900
PROJECTED PRICE
$1,040
PROJECTED RENT
1.04%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 2.50% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.00% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$32,224
LOAN DETAILS
$369
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $24,975 |
| Loan Amount | $74,925 |
9.58
YEARS SAVED
$15,472
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,040
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$967
COMP ESTIMATED VALUE -
$0.68
COMP AVG. RENT PER SQFT
Comps Range
-
315 N 8th Street Jacksboro, TX 2
- 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 9999 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 9999
- Rent
- Rent Per SQFT
- $1,040
- $0.73
-
675 S Main Street Jacksboro, TX 1
- 3 beds 2 baths ∙ 1,102 Sqft ∙ Built 9999 3 beds 2 baths ∙ 1,102 Sqft ∙ Built 9999
LEASED 01/29/20- Rent
- Rent Per SQFT
- $750
- $0.68
PROPERTY LISTING DETAILS
Trinity Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419520
Last Updated: 08/25/2020
