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1128 Foxglove Lane Burleson, TX 76028

3 Beds 2 Baths 1,954 sqft Built 2014

$260,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $133.06
  • 5 Days on Market
  • MLS # : 14498459
  • Updated Date : 01/13/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,954 sqft
  • Baths : 2 full
Listing Agent

Keller Williams-johnson County

Listing Agent's Description

Come check out this lovely brick & stone exterior home with beautifully landscaped front yard. This 1,954 sqft 3 bed 2 bath home has extra front living, gorgeous wood floors & 2 car garage. Front living room off entry is roomy & can also serve as office, formal dining or bonus room. Kitchen has nice open concept to breakfast & living room. Kitchen also has plenty of cabinet space, an island for extra storage & counter space. Bedrooms 2 & 3 are nice size & split concept from master. Master is nice size with ensuite complete with tub shower combo & walk-in closet. Nice size backyard has extended back patio & plenty of room for a playset, small shed, etc. Includes access to community pool, greenbelts & playground.

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
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$903
Property Tax -$650
Property Insurance -$140
HOA -$28
Property Management Fees -$99
CASH FLOW
-$80

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.

$260,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.67%

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,240

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,793

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,7503$1,7504$1,8005$1,900
$1,900
RENT COMPS ANALYSIS
  • 1128 Foxglove Lane Burleson, TX 1
    • 3 beds 2 baths ∙ 1,954 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,954 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.89
    •  
  • 1321 Highcrest Drive Burleson, TX 2
    • 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 2004
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.89
    •  
  • 1133 Scarlet Sage Parkway Burleson, TX 3
    • 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2004
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.89
    •  
  • 313 Angela Drive Burleson, TX 4
    • 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 2001
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.91
    •  
  • 394 Meadow Ridge Drive Burleson, TX 5
    • 4 beds 3 baths ∙ 1,947 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,947 Sqft ∙ Built 2012
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.98
    •  
PROPERTY LISTING DETAILS
Shelley Green
Keller Williams-johnson County
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14498459
Last Updated: 01/13/2021
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