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1013 Crestview Drive Bedford, TX 76021

4 Beds 2 Baths 2,827 sqft Built 1999

$465,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $164.49
  • 6 Days on Market
  • MLS # : 14489835
  • Updated Date : 12/22/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,827 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty

Listing Agent's Description

Stunning custom home! From the dramatic foyer to the outdoor fireplace, elegance and beauty await you. Freshly painted home with newly refinished hardwood floors throughout the main living area as well as dining, kitchen, foyer and hallway to split bedrooms as well as in one bedroom. Luxuriously plush new carpet and pad in 3 bedrooms in neutral colors. Custom paint finishes in bathrooms. Large gourmet kitchen with breakfast bar and eat in area. Huge master bedroom with beautiful en suite and two walk in closets. Wet bar close to living area. Circular drive AND 3 car garage. Outdoor covered patio includes a fireplace and extended uncovered area. Welcome to the elegance of 1013 Crestview Dr. Welcome home!

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: The Oaks of Bedford

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k376k

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

Neighborhood: The Oaks of Bedford

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10932643

* 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
Bedford Heights Elementary School Primary Regular 766 42 8
Bedford Heights Elementary School Middle Regular 766 42 8
Bedford Junior High School High Regular 834 49 8

Bedford Heights Elementary School

  • Education Level: Primary
  • # of students: 766
  • # of teachers: 42
8
GreatSchools Rating

Bedford Heights Elementary School

  • Education Level: Middle
  • # of students: 766
  • # of teachers: 42
8
GreatSchools Rating

Bedford Junior High School

  • Education Level: High
  • # of students: 834
  • # of teachers: 49
8
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$1,716
Property Tax -$941
Property Insurance -$191
Property Management Fees -$99
CASH FLOW
-$247

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.

$465,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$8,472

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,707

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,6504$2,7005$2,950
$2,950
RENT COMPS ANALYSIS
  • 1013 Crestview Drive Bedford, TX 4
    • 4 beds 2 baths ∙ 2,827 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,827 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.96
    •  
  • 1201 Oakgrove Lane Bedford, TX 1
    • 3 beds 3 baths ∙ 2,547 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,547 Sqft ∙ Built 1988
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
  • 2517 Serene Court Bedford, TX 2
    • 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2017
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.99
    •  
  • 1208 Hillandale Court Bedford, TX 3
    • 4 beds 4 baths ∙ 2,859 Sqft ∙ Built 1989 4 beds 4 baths ∙ 2,859 Sqft ∙ Built 1989
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.93
    •  
  • 4100 Savannah Court Colleyville, TX 5
    • 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 1984 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 1984
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.93
    •  
PROPERTY LISTING DETAILS
Judith Rojak
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489835
Last Updated: 12/22/2020
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