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10809 Hawkins Home Boulevard 
Benbrook, TX
76126
4 Beds 3 Baths 2,635 sqft
Built 2019
INVESTimate
$525,000
List Price
$141,125
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PROPERTY INFO
FACTS
- Built In 2019
- Price/Sqft : $199.24
- 3 Days on Market
- MLS # : 14419576
- Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,635 sqft
- Baths : 2 full , 1 half
Listing Agent
Steve Hawkins, Realtors
Listing Agent's Description
4 Bed, 2.5 Bath incredible finishout.
SEE MORE
- . 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: Whitestone Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Whitestone Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,860 |
| EXPENSES | Loan Payment | -$1,937 |
| Property Tax | -$1,132 | |
| Property Insurance | -$179 | |
| HOA | -$48 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,535
|
||
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.
$525,000
PROJECTED PRICE
$1,860
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.57% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$141,125
LOAN DETAILS
$1,937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
-0.33
YEARS SAVED
$3,936
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$2,354
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
10809 Hawkins Home Boulevard Benbrook, TX 1
- 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $1,860
- $0.71
-
7213 Tour Trail Benbrook, TX 2
- 3 beds 2 baths ∙ 2,700 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,700 Sqft ∙ Built 2016
LEASED 08/20/20- Rent
- Rent Per SQFT
- $2,250
- $0.83
-
557 Sterling Drive Benbrook, TX 3
- 4 beds 3 baths ∙ 2,588 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,588 Sqft ∙ Built 2007
LEASED 06/10/19- Rent
- Rent Per SQFT
- $2,375
- $0.92
-
5220 Katy Rose Court Fort Worth, TX 4
- 4 beds 3 baths ∙ 2,957 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,957 Sqft ∙ Built 2012
LEASED 02/25/20- Rent
- Rent Per SQFT
- $2,750
- $0.93
PROPERTY LISTING DETAILS
Steve Hawkins, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419576
Last Updated: 08/25/2020
