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

1308 Country Meadows Drive Bedford, TX 76021

3 Beds 2 Baths 1,673 sqft Built 1984

$250,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $149.43
  • 2 Days on Market
  • MLS # : 14467517
  • Updated Date : 11/07/2020 at 14:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,673 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Excellent 3-2-2 great for entertaining with lovely curb appeal. Desirable community, Bedford Heights Elementary, & just a quick walk to the Bedford Boys Ranch make this a great package. Beautiful updates completed in 2020 include new laminate, carpet, tile, interior paint (including doors & ceilings), baseboards, kitchen updated with appliances, granite, backsplash, cabinet fronts & more. Master features 2 vanities & 2 closets, separate tub & shower. This home has a great plan, back patio, front courtyard & nice yard. This location is convenient to restaurants, shopping, entertainment, highways, parks, & sport fields. Home previously had mold, last air test showed spores, see full timeline, see all documents.

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

Neighborhood: Country Meadows at Bedford

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Country Meadows at Bedford

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10932171

* 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
Bedford Heights Elementary School Primary Regular 766 42 8
Bedford Heights Elementary School Middle Regular 766 42 8
Bedford Junior High School High Regular 834 49 8

Bedford Heights Elementary School

  • Education Level: Primary
  • # of students: 766
  • # of teachers: 42
8
GreatSchools Rating

Bedford Heights Elementary School

  • Education Level: Middle
  • # of students: 766
  • # of teachers: 42
8
GreatSchools Rating

Bedford Junior High School

  • Education Level: High
  • # of students: 834
  • # of teachers: 49
8
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$922
Property Tax -$506
Property Insurance -$124
Property Management Fees -$99
CASH FLOW
$49

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.

$250,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$18,252

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,706

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7003$1,7504$1,7955$1,895
$1,895
RENT COMPS ANALYSIS
  • 1308 Country Meadows Drive Bedford, TX 2
    • 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.02
    •  
  • 812 Forest Glen Drive Bedford, TX 1
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1977
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.04
    •  
  • 3209 Spring Grove Drive Bedford, TX 3
    • 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 1973
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
  • 2909 Miles Way Bedford, TX 4
    • 4 beds 2 baths ∙ 1,726 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,726 Sqft ∙ Built 1993
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.04
    •  
  • 837 Spring Lake Drive Bedford, TX 5
    • 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1973
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.03
    •  
PROPERTY LISTING DETAILS
Tara Blackburn-staples
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467517
Last Updated: 11/07/2020
BESbswy