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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $115.25
- 1 Days on Market
- MLS # : 14492259
- Updated Date : 01/02/2021 at 21:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,950 sqft
- Baths : 2 full , 1 half
Listing Agent
Fort Worth Property Group
Listing Agent's Description
Outstanding home with multiple gathering spaces and fabulous pool with water features. In addition to a formal dining area, main living room is open to kitchen and casual dining area. Wood burning fireplace with stone wall surround. Kitchen has granite counter tops and breakfast bar. Spacious master bedroom with luxury en suite, including garden tub, separate shower, dual sinks and walk in closet. Large second living area or game room on second level, along with separate tech hub. Covered back patio with built in bar and lighting, perfect for entertaining. Detached studio by the pool, perfect for the home hobbyist, work out space or office. Attached please find 360 Virtual Tour to preview home in it's entirety.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: West Bend North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Bend North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,130 |
| EXPENSES | Loan Payment | -$1,254 |
| Property Tax | -$815 | |
| Property Insurance | -$198 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$261
|
||
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.
$340,000
PROJECTED PRICE
$2,130
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.4% |
| 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
$95,850
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $85,000 |
| Loan Amount | $255,000 |
1.17
YEARS SAVED
$2,170
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,130
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,954
COMP ESTIMATED VALUE -
$0.66
COMP AVG. RENT PER SQFT
Comps Range
-
1243 Catherine Lane Burleson, TX 4
- 3 beds 3 baths ∙ 2,950 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,950 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $2,130
- $0.72
-
1204 Geddes Court Burleson, TX 1
- 4 beds 3 baths ∙ 2,880 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,880 Sqft ∙ Built 2005
LEASED 02/11/20- Rent
- Rent Per SQFT
- $1,795
- $0.62
-
1221 Spanish Moss Drive Burleson, TX 2
- 4 beds 3 baths ∙ 2,820 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,820 Sqft ∙ Built 2007
LEASED 03/16/20- Rent
- Rent Per SQFT
- $1,880
- $0.67
-
1220 Juniper Lane Burleson, TX 3
- 4 beds 3 baths ∙ 3,040 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,040 Sqft ∙ Built 2006
LEASED 05/26/20- Rent
- Rent Per SQFT
- $1,925
- $0.63
-
1401 Blue Quail Run Crowley, TX 5
- 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 2002
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,200
- $0.73
PROPERTY LISTING DETAILS
Fort Worth Property Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14492259
Last Updated: 01/02/2021
