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

1153 Swiney Hiett Road Kennedale, TX 76060

4 Beds 4 Baths 3,416 sqft Built 2014

$550,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $161.01
  • 2 Days on Market
  • MLS # : 14490315
  • Updated Date : 12/26/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,416 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Arlington

Listing Agent's Description

Pristine two story, gated home in the sought after community of Oliver Acres in Kennedale. This immaculate 4 bed, 3.5 bath home sits on a half acre lot with spacious front and back lawns. All bedrooms located downstairs with amazing game room with wet bar & half bath up. Stunning architectural details & open floor plan allows for interaction with family or guests while preparing a favorite meal in this chef’s kitchen featuring farmer’s sink, double ovens, island, and gas stove overlooking the dining area and living room with captivating fireplace. Elegant split master suite with space for seating area, separate garden tub and shower, walk-in closets and dual vanities. Kennedale ISD. Welcome Home!

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: Oliver Acres

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k314k

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

Neighborhood: Oliver Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900Rent in $11261927

* 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
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,029
Property Tax -$1,293
Property Insurance -$225
Property Management Fees -$99
CASH FLOW
-$826

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.

$550,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.0%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$27

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,835

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,820
1$2,8202$2,925
$2,925
RENT COMPS ANALYSIS
  • 1153 Swiney Hiett Road Kennedale, TX 1
    • 4 beds 4 baths ∙ 3,416 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,416 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $0.83
    •  
  • 5506 Hidden Trails Drive Arlington, TX 2
    • 4 beds 3 baths ∙ 3,512 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,512 Sqft ∙ Built 2004
    LEASED 07/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,925
    • $0.83
    •  
PROPERTY LISTING DETAILS
Jean Christenberry
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490315
Last Updated: 12/26/2020
BESbswy