Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
113 Cliffside Drive 
Burleson, TX
76028
3 Beds 2 Baths 2,680 sqft
Built 1984
INVESTimate
$364,900
List Price
$102,449
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1984
- Price/Sqft : $136.16
- 3 Days on Market
- MLS # : 14418585
- Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,680 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Beautiful 3-2-2 home heavily treed with a sparkling pool out back! This home has beautiful curb appeal with spectacular landscaping and wood flooring throughout most of the home. Canopy of trees, side entry garage and 19x11 storage building with a roll up door out back . The living area features a cozy fireplace and is open to dining. Kitchen features a breakfast bar, granite countertops, all electric and cute pendant lighting! Master bedroom is huge and features dual closets, jetted tub, dual vanities & separate shower! Second living area and bonus room to provide plenty of room for everyone! The play pool pool has pebbletech finish, spa area & is ready for you to splash in!!!
SEE MORE
- . 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: The Cliffs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Cliffs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,990 |
| EXPENSES | Loan Payment | -$1,346 |
| Property Tax | -$912 | |
| Property Insurance | -$182 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$549
|
||
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.
$364,900
PROJECTED PRICE
$1,990
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.44% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$102,449
LOAN DETAILS
$1,346
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $91,225 |
| Loan Amount | $273,675 |
0
YEARS SAVED
$14
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$2,050
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
113 Cliffside Drive Burleson, TX 2
- 3 beds 2 baths ∙ 2,680 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,680 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $1,990
- $0.74
-
324 Snapdragon Court Burleson, TX 1
- 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 2004
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,795
- $0.70
-
336 Daisy Lane Burleson, TX 3
- 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2004
LEASED 07/03/20- Rent
- Rent Per SQFT
- $2,125
- $0.75
-
1401 Blue Quail Run Crowley, TX 4
- 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 2002
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,200
- $0.73
-
200 Flagstone Drive Burleson, TX 5
- 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 2004
LEASED 02/17/20- Rent
- Rent Per SQFT
- $2,399
- $0.88
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14418585
Last Updated: 08/25/2020
