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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $126.34
- 3 Days on Market
- MLS # : 14454456
- Updated Date : 11/14/2020 at 18:27
CONSTRUCTION
- Beds : 3
- Floor Size : 2,153 sqft
- Baths : 2 full
Listing Agent
All City Real Estate, Ltd Co
Listing Agent's Description
This lovely 3-2-2 is in the highly sought-after Burleson ISD & Mistletoe Hill neighborhood with a park & community pool and pond! Great open concept design. The kitchen has beautiful stained cabinets, gorgeous granite countertops, extra large island, & large corner walk-in pantry. The office is perfect for working or schooling from home! Ceiling fans throughout the house. Very roomy laundry rm with shelves...fabulous back yard with large shade structure, hot tub & large (like new) storage shed! Great entertainment space!! Original owners and immaculately maintained! Many upgrades & extras in this home!! Excellent location! A must see! Don't miss this opportunity for a lovely home in this popular neighborhood!
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: Mistletoe Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mistletoe Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,004 |
| Property Tax | -$680 | |
| Property Insurance | -$152 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$112
|
||
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.
$272,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,830
LOAN DETAILS
$1,004
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,000 |
| Loan Amount | $204,000 |
2.33
YEARS SAVED
$5,670
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,889
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
1207 Lantana Burleson, TX 4
- 3 beds 2 baths ∙ 2,153 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,153 Sqft ∙ Built 2013
- Rent
- Rent Per SQFT
- $1,850
- $0.86
-
706 Windridge Lane Burleson, TX 1
- 4 beds 3 baths ∙ 2,175 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,175 Sqft ∙ Built 1993
LEASED 04/21/20- Rent
- Rent Per SQFT
- $1,745
- $0.80
-
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
-
12712 Viewpoint Lane Fort Worth, TX 5
- 3 beds 2 baths ∙ 2,040 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,040 Sqft ∙ Built 2017
LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,900
- $0.93
PROPERTY LISTING DETAILS
All City Real Estate, Ltd Co
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14454456
Last Updated: 11/14/2020
