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1141 Woodvale Drive Bedford, TX 76021

3 Beds 3 Baths 2,253 sqft Built 1983

$359,900

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $159.74
  • 3 Days on Market
  • MLS # : 14470710
  • Updated Date : 11/14/2020 at 12:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,253 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jency Hills Realtors, Llc

Listing Agent's Description

Gorgeous one story home on huge landscaped lot with in ground pool in beautiful neighborhood. One owner for over 27 years! Upgraded with new Acacia engineered wood flooring throughout, only carpet is in gameroom. Kitchen has granite countertops, glass tile backsplash, new SS appliances & new Bosch dishwasher. Bathrooms have been updated with genuine marble bath, shower, floor tile & granite countertops. Ceilings have been scraped, new HVAC in 2015, new pool motor 2017, new garage door coils 2018 new door opener motor in 2019, new dipped-stained fence in 2018, 27 new windows in 2019,New sprinkler zones & system in 2020, new water heater 2020. All exterior has been recently painted & shed refurnished.

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: Bedford Place

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Bedford Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10932385

* 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
Bedford Heights Elementary School Primary Regular 766 42 8
Bedford Heights Elementary School Middle Regular 766 42 8
Bedford Junior High School High Regular 834 49 8

Bedford Heights Elementary School

  • Education Level: Primary
  • # of students: 766
  • # of teachers: 42
8
GreatSchools Rating

Bedford Heights Elementary School

  • Education Level: Middle
  • # of students: 766
  • # of teachers: 42
8
GreatSchools Rating

Bedford Junior High School

  • Education Level: High
  • # of students: 834
  • # of teachers: 49
8
GreatSchools Rating
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,328
Property Tax -$729
Property Insurance -$157
Property Management Fees -$99
CASH FLOW
-$283

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.

$359,900

PROJECTED PRICE

$2,030

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$8.0k-$6.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,795

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,067

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9503$2,0004$2,0305$2,090
$2,090
RENT COMPS ANALYSIS
  • 1141 Woodvale Drive Bedford, TX 4
    • 3 beds 3 baths ∙ 2,253 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,253 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.90
    •  
  • 2920 Spring Oaks Court Bedford, TX 1
    • 3 beds 2 baths ∙ 2,056 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,056 Sqft ∙ Built 1978
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
  • 625 Huntwich Drive Bedford, TX 2
    • 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 1980
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.92
    •  
  • 1112 Clear View Drive Bedford, TX 3
    • 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 1978
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 2909 Matterhorn Drive Bedford, TX 5
    • 3 beds 4 baths ∙ 2,247 Sqft ∙ Built 1986 3 beds 4 baths ∙ 2,247 Sqft ∙ Built 1986
    property image
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.93
    •  
PROPERTY LISTING DETAILS
Jency Hills
Jency Hills Realtors, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470710
Last Updated: 11/14/2020
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