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1125 Hackberry Court Burleson, TX 76028

5 Beds 3 Baths 3,415 sqft Built 2005

$305,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $89.31
  • 2 Days on Market
  • MLS # : 14490732
  • Updated Date : 01/02/2021 at 15:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,415 sqft
  • Baths : 3 full
Listing Agent

Niles Realty Group

Listing Agent's Description

Gorgeous 2 story open floor plan home situated at the end of a quiet cul de sac. The entrance boasts of tall ceiling heights with large windows and leads you into a open kitchen to living entertaining layout space with a large island and lots of counter space!. Primary Bedroom is on 2nd floor but there is a full bed and bath on 1st floor next to the media room. Neighborhood has a community pool close by. Home has been freshly painted and

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Mistletoe Hill

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k302k

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

Neighborhood: Mistletoe Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900Rent in $11261996

* 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
Judy Hajek Elementary School Primary Regular 547 35 6
Hughes Middle School Middle Regular 1,200 71 5
Burleson High School High Regular 1,583 101 7

Judy Hajek Elementary School

  • Education Level: Primary
  • # of students: 547
  • # of teachers: 35
6
GreatSchools Rating

Hughes Middle School

  • Education Level: Middle
  • # of students: 1,200
  • # of teachers: 71
5
GreatSchools Rating

Burleson High School

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

$274,500$335,500$305,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,125
Property Tax -$762
Property Insurance -$225
HOA -$28
Property Management Fees -$99
CASH FLOW
$131

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.

$305,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.4%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$26,029

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,038

    COMP ESTIMATED VALUE
  • $0.6

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9953$2,2954$2,370
$2,370
RENT COMPS ANALYSIS
  • 1125 Hackberry Court Burleson, TX 4
    • 4 beds 3 baths ∙ 3,415 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,415 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.69
    •  
  • 1424 Anna Lea Lane Burleson, TX 1
    • 4 beds 3 baths ∙ 3,285 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,285 Sqft ∙ Built 2003
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.58
    •  
  • 312 Firewheel Road Burleson, TX 2
    • 5 beds 3 baths ∙ 3,609 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,609 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.55
    •  
  • 1016 Sycamore Street Burleson, TX 3
    • 5 beds 3 baths ∙ 3,464 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,464 Sqft ∙ Built 2005
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.66
    •  
PROPERTY LISTING DETAILS
Kimberly Niles
Niles Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490732
Last Updated: 01/02/2021
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