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1065 Cydnie Court Kennedale, TX 75056

4 Beds 2 Baths 2,260 sqft Built 2015

$315,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $139.38
  • 1 Days on Market
  • MLS # : 14532535
  • Updated Date : 03/13/2021 at 13:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,260 sqft
  • Baths : 2 full
Listing Agent

Jpar Arlington

Listing Agent's Description

WELCOME HOME!!! Beautiful 4 bedroom 2 bathroom house in Kennedale ISD. This gorgeous house sits on an huge corner lot with a spacious backyard perfect for afternoon cookouts or outdoor entertaining. Nice open concept kitchen with granite countertops and an oversized island. Tons of natural light streams into the large Family Room from the almost floor to ceiling broad windows. Come check out this MUST SEE home. It Wont Last Long!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 75056

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 75056

ZipNIR 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 Junior High School Middle Unknown NA
Kennedale High School High Regular 993 60 5
Kennedale High School High Unknown NA

Kennedale Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Kennedale High School

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

Kennedale High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,094
Property Tax -$728
Property Insurance -$158
HOA -$21
Property Management Fees -$99
CASH FLOW
-$539

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.

$315,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.8%
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

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$7

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,079

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,8003$1,9504$1,9955$2,045
$2,045
RENT COMPS ANALYSIS
  • 1065 Cydnie Court Kennedale, TX 1
    • 4 beds 2 baths ∙ 2,260 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,260 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.69
    •  
  • 1118 Greenview Lane Kennedale, TX 2
    • 4 beds 2 baths ∙ 1,971 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,971 Sqft ∙ Built 2001
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.91
    •  
  • 6805 Muirfield Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 2013
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.96
    •  
  • 1248 Cross Creek Drive Kennedale, TX 4
    • 3 beds 2 baths ∙ 2,354 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,354 Sqft ∙ Built 1996
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
  • 600 Parkview Court Kennedale, TX 5
    • 3 beds 3 baths ∙ 2,131 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,131 Sqft ∙ Built 2000
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.96
    •  
PROPERTY LISTING DETAILS
Kelly Snodgrass
Jpar Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532535
Last Updated: 03/13/2021
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