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1307 Haddington Lane Keller, TX 76248

5 Beds 4 Baths 4,018 sqft Built 2000

INVESTimate

$575,000

List Price

$3,770

$3,520 - $4,020

Rent Est.

$606,855  ( +5.54%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $143.11
  • 8 Days on Market
  • MLS # : 14402591
  • Updated Date : 08/24/2020 at 17:46
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,018 sqft
  • Baths : 4 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Located in one of Hidden Lakes premier communities in walking distance to the neighborhood elementary, this impressive two-story home offers 4018 square feet including a spacious living room, two dining areas, a chef's kitchen, five bedrooms, a dedicated study or optional formal living area, four bathrooms, 2nd level game and media room, utility area and a three-car garage. Quality abounds with meticulous landscaping, gracious windows, rich hardwoods, dual staircase, custom built-ins and a plethora of storage. The lovely master suite offers California Closets and a luxurious bathroom. The backyard is an outdoor oasis with a Claffey saltwater pool-spa, outdoor kitchen, flagstone patio and extensive landscaping.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

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
 

$517,500$632,500$575,000

PURCHASE PRICE

$3,393$4,147$3,770

RENT

DOWN PAYMENT
FINANCING

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,770
EXPENSES Loan Payment -$2,122
Property Tax -$1,236
Property Insurance -$259
HOA -$55
Property Management Fees -$99
CASH FLOW
-$1

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.

$575,000

PROJECTED PRICE

$3,770

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.54%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$30,201

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,770

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $3,747

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,3003$3,7704$3,9505$3,950
$3,950
RENT COMPS ANALYSIS
  • 1307 Haddington Lane Keller, TX 3
    • 5 beds 4 baths ∙ 4,018 Sqft ∙ Built 2000 5 beds 4 baths ∙ 4,018 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,770
    • $0.94
    •  
  • 605 Signet Court Keller, TX 1
    • 4 beds 4 baths ∙ 3,800 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,800 Sqft ∙ Built 1998
    property image
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.87
    •  
  • 2207 Bayou Court Keller, TX 2
    • 4 beds 4 baths ∙ 3,792 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,792 Sqft ∙ Built 2000
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.87
    •  
  • 1910 Oakbriar Lane Keller, TX 4
    • 5 beds 4 baths ∙ 3,775 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,775 Sqft ∙ Built 2000
    property image
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.05
    •  
  • 540 Chesapeake Lane Southlake, TX 5
    • 5 beds 5 baths ∙ 4,198 Sqft ∙ Built 2002 5 beds 5 baths ∙ 4,198 Sqft ∙ Built 2002
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $0.94
    •  
PROPERTY LISTING DETAILS
Chad Collins
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14402591
Last Updated: 08/24/2020
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