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1021 Winding Creek Drive Kennedale, TX 76060

5 Beds 3 Baths 2,538 sqft Built 2016

$348,500

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $137.31
  • 3 Days on Market
  • MLS # : 14479957
  • Updated Date : 12/04/2020 at 17:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,538 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Located on a cul-de-sac in the Winding Creek subdivision this spacious home awaits you. The light filled entry opens to the heart of the home w- a wood burning fireplace anchoring the living room, formal dining, open kitchen that provides ample space & storage, pantry & breakfast nook w- window seat. The downstairs owner’s retreat offers a well appointed en-suite w- soaking tub, separate shower, granite counters & walk-in closet w- built-in shelving. Upstairs opens to a casual living space w- 4 remaining bedrooms located to either side. A generous backyard provides privacy, covered patio & mature trees. Making it the perfect place to have morning coffee, host friends & family or relax watching the setting sun.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Winding Creek Kennedale

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Winding Creek Kennedale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Kennedale High School High Regular 993 60 5

Kennedale High School

  • Education Level: High
  • # of students: 993
  • # of teachers: 60
5
GreatSchools Rating
 

$313,650$383,350$348,500

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,286
Property Tax -$805
Property Insurance -$174
Property Management Fees -$99
CASH FLOW
-$374

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.

$348,500

PROJECTED PRICE

$1,990

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

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

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$98,103

INVESTMENT

$98,103

Down Payment
$87,125
Rehab Estimate
$5,750
Closing Costs
$5,228

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,286

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,125
Loan Amount $261,375
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$522

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,327

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,990
1$1,9902$2,0453$2,0954$2,300
$2,300
RENT COMPS ANALYSIS
  • 1021 Winding Creek Drive Kennedale, TX 1
    • 5 beds 3 baths ∙ 2,538 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,538 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.78
    •  
  • 6221 August Run Arlington, TX 2
    • 4 beds 2 baths ∙ 2,265 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,265 Sqft ∙ Built 1999
    property image
    LEASED 07/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.90
    •  
  • 1018 Belmont Drive Kennedale, TX 3
    • 4 beds 2 baths ∙ 2,278 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,278 Sqft ∙ Built 2002
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.92
    •  
  • 804 Whitley Court Kennedale, TX 4
    • 4 beds 3 baths ∙ 2,483 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,483 Sqft ∙ Built 2005
    property image
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.93
    •  
PROPERTY LISTING DETAILS
Laura Beyer
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14479957
Last Updated: 12/04/2020
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