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1032 Bandon Dunes Drive Fort Worth, TX 76028

4 Beds 3 Baths 3,249 sqft Built 2020

INVESTimate

$489,000

List Price

$3,080

$2,830 - $3,330

Rent Est.

$524,893  ( +7.34%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $150.51
  • 3 Days on Market
  • MLS # : 14419970
  • Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,249 sqft
  • Baths : 2 full , 1 half
Listing Agent

Your Home Free Llc

Listing Agent's Description

Gorgeous 2-story Windmiller Custom Home in Thomas Crossing with est. September completion! Inside this Franklin plan you will find 4 bedrooms, 2.5 baths, an executive study, upstairs game room with attached card room, media room, and 3-car split garage! Spacious family room located at the heart of the home offers a cozy gas log FP. Gourmet kitchen boasts granite countertops, walk-in corner pantry, and large center island with breakfast bar. Private master suite features a luxurious bath with his and hers vanities and walk-in closets with direct utility access, garden tub, and separate shower. Spacious 10x18 covered patio area off the family room is great for grilling and entertaining! Stop by the model today!

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: McKinney

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: McKinney

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9192358

* 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
Bert And Eloise Isbell Elementary School Primary Regular 687 38 10
Billy Vandeventer Middle School Middle Unknown 1,034 69 NA
Liberty High School High Regular 2,039 137 9

Bert And Eloise Isbell Elementary School

  • Education Level: Primary
  • # of students: 687
  • # of teachers: 38
10
GreatSchools Rating

Billy Vandeventer Middle School

  • Education Level: Middle
  • # of students: 1,034
  • # of teachers: 69
NA
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,039
  • # of teachers: 137
9
GreatSchools Rating
 

$440,100$537,900$489,000

PURCHASE PRICE

$2,772$3,388$3,080

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$1,804
Property Tax -$1,222
Property Insurance -$215
HOA -$38
Property Management Fees -$99
CASH FLOW
-$298

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.

$489,000

PROJECTED PRICE

$3,080

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.34%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,585

INVESTMENT

$131,585

Down Payment
$122,250
Rehab Estimate
$2,000
Closing Costs
$7,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,804

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,250
Loan Amount $366,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$5,245

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,080

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $3,095

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,0003$3,0004$3,0005$3,080
$3,080
RENT COMPS ANALYSIS
  • 1032 Bandon Dunes Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 3,249 Sqft ∙ Built 2020 4 beds 3 baths ∙ 3,249 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,080
    • $0.95
    •  
  • 7013 St Georges Drive Mckinney, TX 1
    • 4 beds 4 baths ∙ 3,091 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,091 Sqft ∙ Built 2016
    property image
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.97
    •  
  • 7113 Royal View Drive Mckinney, TX 2
    • 4 beds 4 baths ∙ 3,334 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,334 Sqft ∙ Built 2019
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.90
    •  
  • 6908 Royal Liverpool Drive Mckinney, TX 3
    • 4 beds 4 baths ∙ 3,092 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,092 Sqft ∙ Built 2017
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.97
    •  
  • 7008 Royal Liverpool Drive Mckinney, TX 4
    • 4 beds 4 baths ∙ 3,083 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,083 Sqft ∙ Built 2018
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.97
    •  
PROPERTY LISTING DETAILS
William T. Nelson
Your Home Free Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419970
Last Updated: 08/25/2020
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