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1211 Marblewood Drive Keller, TX 76248

4 Beds 3 Baths 2,987 sqft Built 2000

$448,000

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2000
  • Price/Sqft : $149.98
  • 9 Days on Market
  • MLS # : 14460228
  • Updated Date : 10/27/2020 at 14:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,987 sqft
  • Baths : 3 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

This home is the one that you have been searching for! After passing through one of the several gates into the neighborhood you instantly feel safer. The home offers professionally installed engineered hardwood, fresh carpet, open concept, all located on a large corner lot! When you enter into this fantastic home you are taken back by all the updates, vaulted ceilings, and decorative lighting. You can use this home in several ways, the oversized office has a closet, and dedicated bathroom. This could easily turn into a 5th bedroom if needed, come see your new 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

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
Bear Creek Intermediate School Primary Regular 781 42 9
Bear Creek Intermediate School Middle Regular 781 42 9
Keller High School High Regular 2,645 145 10

Bear Creek Intermediate School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 42
9
GreatSchools Rating

Bear Creek Intermediate School

  • Education Level: Middle
  • # of students: 781
  • # of teachers: 42
9
GreatSchools Rating

Keller High School

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

$403,200$492,800$448,000

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$1,653
Property Tax -$940
Property Insurance -$200
HOA -$74
Property Management Fees -$99
CASH FLOW
-$86

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.

$448,000

PROJECTED PRICE

$2,880

PROJECTED RENT

0.64%

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$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,470

INVESTMENT

$124,470

Down Payment
$112,000
Rehab Estimate
$5,750
Closing Costs
$6,720

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,653

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,000
Loan Amount $336,000
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$16,899

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,880

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,890

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8803$2,9004$2,9755$3,000
$3,000
RENT COMPS ANALYSIS
  • 1211 Marblewood Drive Keller, TX 2
    • 4 beds 3 baths ∙ 2,987 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,987 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $0.96
    •  
  • 1211 Ranch Court Keller, TX 1
    • 4 beds 3 baths ∙ 2,794 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,794 Sqft ∙ Built 1999
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.97
    •  
  • 8312 Vine Wood Drive North Richland Hills, TX 3
    • 4 beds 4 baths ∙ 3,060 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,060 Sqft ∙ Built 2003
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.95
    •  
  • 2309 Watercrest Drive Keller, TX 4
    • 4 beds 3 baths ∙ 2,998 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,998 Sqft ∙ Built 2002
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $0.99
    •  
  • 1105 Elmgrove Lane Keller, TX 5
    • 5 beds 3 baths ∙ 3,116 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,116 Sqft ∙ Built 2000
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.96
    •  
PROPERTY LISTING DETAILS
Brad Simpson
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14460228
Last Updated: 10/27/2020
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