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1209 Hillside Drive Keller, TX 76248

4 Beds 2 Baths 1,923 sqft Built 1983

$400,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $208.01
  • 3 Days on Market
  • MLS # : 14522743
  • Updated Date : 02/27/2021 at 16:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,923 sqft
  • Baths : 2 full
Listing Agent

Century 21 Judge Fite Co.

Listing Agent's Description

Have it all in Keller! This Texas-sized lot is perfectly set at the end of a cul de sac and away from busy roads to ensure peaceful serenity and that away from it all feeling. Kitchen features include granite countertops, double oven, glass cooktop and eat-in breakfast nook. Retreat into an extensive backyard with generous, spanning green spaces, diving pool, and storage shed. 4-car garage and 2-car carport is sure to satisfy the greatest collector or hobbyist. If you've been searching for a value on the perfect lot that features abundant extras and have an eye for updating, this will be a limited time opportunity. See it this weekend or see it SOLD!

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

Zip Code: 76248

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Zip Code: 76248

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262728

* 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
Keller-harvel Elementary School Primary Regular 447 32 7
Keller High School High Regular 2,645 145 10
Keller High School High Unknown NA

Keller-harvel Elementary School

  • Education Level: Primary
  • # of students: 447
  • # of teachers: 32
7
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students: 2,645
  • # of teachers: 145
10
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,389
Property Tax -$839
Property Insurance -$138
Property Management Fees -$99
CASH FLOW
-$296

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.

$400,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.5%
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$8.0k

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,370

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,005

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$2,0003$2,0004$2,1005$2,170
$2,170
RENT COMPS ANALYSIS
  • 1209 Hillside Drive Keller, TX 5
    • 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $1.13
    •  
  • 504 Santa Barbara Drive Keller, TX 1
    • 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1992
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.00
    •  
  • 710 Carmel Drive Keller, TX 2
    • 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1992
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.05
    •  
  • 909 Santa Cruz Drive Keller, TX 3
    • 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1992
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.12
    •  
  • 718 Pacific Grove Drive Keller, TX 4
    • 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1987
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.00
    •  
PROPERTY LISTING DETAILS
Roslyn Gauntt
Century 21 Judge Fite Co.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522743
Last Updated: 02/27/2021
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