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1108 Vista View Drive Burleson, TX 76028

4 Beds 2 Baths 1,790 sqft Built 2007

$258,900

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $144.64
  • 2 Days on Market
  • MLS # : 14537129
  • Updated Date : 03/20/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,790 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Move-in ready and this charming home is looking for new owners! 4 bedrooms, 2 full baths and completely refreshed with new interior paint throughout and new carpet. Spacious living room opens to the kitchen and features wood type flooring and a wall of windows with a great view to the backyard. Well appointed kitchen offers ample dark cabinets, black appliances and a quaint breakfast nook will quickly be your go to spot for morning coffee. Relax and unwind in the comfortable primary bedroom with ensuite bath that features a deep garden tub, dual sinks and walkin closet. Step out to the extended back patio and enjoy watching the kids and pets play in the private backyard. Great location to schools and I-35W.

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: West Bend South

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $119k279k

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

Neighborhood: West Bend South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

* 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
Frazier Elementary School Primary Regular 569 36 7
Burleson High School High Regular 1,583 101 7

Frazier Elementary School

  • Education Level: Primary
  • # of students: 569
  • # of teachers: 36
7
GreatSchools Rating

Burleson High School

  • Education Level: High
  • # of students: 1,583
  • # of teachers: 101
7
GreatSchools Rating
 

$233,010$284,790$258,900

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$899
Property Tax -$621
Property Insurance -$131
HOA -$17
Property Management Fees -$99
CASH FLOW
-$226

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$258,900

PROJECTED PRICE

$1,540

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,359

INVESTMENT

$74,359

Down Payment
$64,725
Rehab Estimate
$5,750
Closing Costs
$3,884

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$899

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,725
Loan Amount $194,175
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$686

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,562

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,540
1$1,5402$1,5503$1,5504$1,6505$1,675
$1,675
RENT COMPS ANALYSIS
  • 1108 Vista View Drive Burleson, TX 1
    • 3 beds 2 baths ∙ 1,790 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,790 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.86
    •  
  • 841 Sheryn Drive Burleson, TX 2
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2007
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 1213 Spanish Moss Burleson, TX 3
    • 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2006
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.82
    •  
  • 904 Joshua Drive Burleson, TX 4
    • 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 2005
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
  • 1224 Sweetwater Drive Burleson, TX 5
    • 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 2005
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.92
    •  
PROPERTY LISTING DETAILS
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14537129
Last Updated: 03/20/2021
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