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1101 Breanne Court Burleson, TX 76028

3 Beds 2 Baths 1,868 sqft Built 2001

$399,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $213.60
  • 3 Days on Market
  • MLS # : 14504394
  • Updated Date : 01/22/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,868 sqft
  • Baths : 2 full
Listing Agent

Engel&voelkers Dallas Southlke

Listing Agent's Description

Beautifully kept home in Oak Valley Estates that boasts an open floor plan, spacious living room with warm fireplace & lovely study with built-ins. Light, bright gourmet kitchen features a breakfast bar, an island, ample cabinet space & opens to the dining room with a butler's pantry. Sprawling master suite hosts a sitting area & beautiful bath with dual vanities, walk-in shower & tub. Two additional secondary bedrooms, a shared bathroom & utility room complete the interior of this delightful home. Outside, enjoy the backyard retreat by relaxing under the covered patio or pergola, take a dip in the pool or cook dinner at the outdoor kitchen with bar. Great additional space to make your own in the pool house!

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

Neighborhood: Oak Valley Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k336k

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

Neighborhood: Oak Valley Estates

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
Bransom Elementary School Primary Regular 504 35 6
Kerr Middle School Middle Regular 1,258 72 5
Kerr Middle School High Regular 1,258 72 5

Bransom Elementary School

  • Education Level: Primary
  • # of students: 504
  • # of teachers: 35
6
GreatSchools Rating

Kerr Middle School

  • Education Level: Middle
  • # of students: 1,258
  • # of teachers: 72
5
GreatSchools Rating

Kerr Middle School

  • Education Level: High
  • # of students: 1,258
  • # of teachers: 72
5
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,386
Property Tax -$957
Property Insurance -$135
Property Management Fees -$99
CASH FLOW
-$757

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.

$399,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$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$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$29

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,747

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,820
1$1,8202$1,8503$1,850
$1,850
RENT COMPS ANALYSIS
  • 1101 Breanne Court Burleson, TX 1
    • 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.97
    •  
  • 1033 Oak Valley Road Burleson, TX 2
    • 4 beds 3 baths ∙ 1,990 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,990 Sqft ∙ Built 1992
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 901 Evandale Road Burleson, TX 3
    • 3 beds 2 baths ∙ 1,976 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,976 Sqft ∙ Built 1995
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
PROPERTY LISTING DETAILS
Robin Marriott
Engel&voelkers Dallas Southlke
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504394
Last Updated: 01/22/2021
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