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1121 Kennedale Sublett Road Kennedale, TX 76060

4 Beds 2 Baths 2,588 sqft Built 1991

INVESTimate

$280,000

List Price

$1,980

$1,782 - $2,178

Rent Est.

$300,160  ( +7.20%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1991
  • Price/Sqft : $108.19
  • 6 Days on Market
  • MLS # : 14415899
  • Updated Date : 08/22/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,588 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Ftworth

Listing Agent's Description

Come see this spacious house located in the City of Kennedale, BUILT ON A ONE ACRE LOT, featuring 4 bedroom, 2 baths, dining area, two livings, fireplace, and a kitchen. Laminate flooring throughout. A very large bedroom that can also be used as a media room, or a game room. The laundry room also has a lot of space, as well as the walk-in pantry. A backyard with beautiful mature trees and lots of space ready for family gatherings and fun!

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: Southwest Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260kPrice in $122k275k

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

Neighborhood: Southwest Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110011501200125013001350140014501500155016001650170017501800Rent in $10911824

* 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 High School High Regular 993 60 5

Kennedale High School

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

$252,000$308,000$280,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,033
Property Tax -$647
Property Insurance -$177
Property Management Fees -$99
CASH FLOW
$24

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.

$280,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.20%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$16,321

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,129

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9753$1,9804$1,9955$2,199
$2,199
RENT COMPS ANALYSIS
  • 1121 Kennedale Sublett Road Kennedale, TX 3
    • 4 beds 2 baths ∙ 2,588 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,588 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.77
    •  
  • 5619 Andalusia Trail Arlington, TX 1
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2000
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.77
    •  
  • 6220 Castle Creek Road Arlington, TX 2
    • 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 1988
    LEASED 05/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.78
    •  
  • 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
    •  
  • 804 Whitley Court Kennedale, TX 5
    • 4 beds 3 baths ∙ 2,483 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,483 Sqft ∙ Built 2005
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $0.89
    •  
PROPERTY LISTING DETAILS
Flor Alvarado
Keller Williams Realty Ftworth
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415899
Last Updated: 08/22/2020
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