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100 Diablo Drive Burleson, TX 76028

3 Beds 3 Baths 2,662 sqft Built 2010

$349,900

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2010
  • Price/Sqft : $131.44
  • 2 Days on Market
  • MLS # : 14465674
  • Updated Date : 11/07/2020 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,662 sqft
  • Baths : 2 full , 1 half
Listing Agent

Twenty-two Realty

Listing Agent's Description

STUNNING WINDMILLER HOME ON LARGE CORNER LOT! This beautiful 3 bedroom home PLUS study boasts gorgeous stained concrete flooring, formal dining, high ceilings, lush carpet, mud room, extra storage throughout and more! AMAZING layout with utility connecting to large master suite is a BONUS and master bath has walk in shower and ENORMOUS walk in closet! Fabulous kitchen offers pretty custom cabinetry, gas appliances and adjacent breakfast area. The bright open concept with nice natural lighting is a welcome find! Step outside and entertain guests year round on the massive covered patio with gas connection for easy outdoor grilling! Located near the best shopping and dining in the area! HURRY!

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

Neighborhood: Hidden Vistas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $88k393k

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

Neighborhood: Hidden Vistas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100220023002400Rent in $9452405

* 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
Norwood Elementary School Primary Regular 437 30 3
Kerr Middle School Middle Regular 1,258 72 5
Kerr Middle School High Regular 1,258 72 5

Norwood Elementary School

  • Education Level: Primary
  • # of students: 437
  • # of teachers: 30
3
GreatSchools Rating

Kerr Middle School

  • Education Level: Middle
  • # of students: 1,258
  • # of teachers: 72
5
GreatSchools Rating

Kerr Middle School

  • Education Level: High
  • # of students: 1,258
  • # of teachers: 72
5
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,291
Property Tax -$839
Property Insurance -$181
HOA -$25
Property Management Fees -$99
CASH FLOW
-$505

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.

$349,900

PROJECTED PRICE

$1,930

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 6.6%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$22

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,930

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7453$1,7504$1,7955$1,930
$1,930
RENT COMPS ANALYSIS
  • 100 Diablo Drive Burleson, TX 5
    • 3 beds 3 baths ∙ 2,662 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,662 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.73
    •  
  • 408 Hidden Trail Court Burleson, TX 1
    • 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2004
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.67
    •  
  • 935 Hidden Oaks Drive Burleson, TX 2
    • 3 beds 2 baths ∙ 2,355 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,355 Sqft ∙ Built 2003
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.74
    •  
  • 411 Hidden Ridge Drive Burleson, TX 3
    • 3 beds 2 baths ∙ 2,385 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,385 Sqft ∙ Built 2003
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.73
    •  
  • 920 Hidden Oaks Drive Burleson, TX 4
    • 3 beds 2 baths ∙ 2,360 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,360 Sqft ∙ Built 2004
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.76
    •  
PROPERTY LISTING DETAILS
Lanae Humbles
Twenty-two Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465674
Last Updated: 11/07/2020
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