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1317 Briarhaven Drive Bedford, TX 76021

3 Beds 2 Baths 2,569 sqft Built 1983

$399,900

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $155.66
  • 3 Days on Market
  • MLS # : 14493635
  • Updated Date : 01/15/2021 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,569 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful family home located in the heart of Bedford. Close to schools, shopping, and city parks. Easy commutes into Dallas and Fort Worth. Updated master bath and kitchen. Enjoy the summers in the POOL and relax to the waterfalls in the evening. Mosquito system keeps the bugs away. Greenhouse for your plants and a Koi pond. Don’t forget the storage building for all the extra stuff. Make this your next place to call home. Ask your agent for a complete list of features.

SEE MORE

MARKET HIGHLIGHTS

  • # 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: Bedford Place

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Bedford Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10932385

* 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
 

$359,910$439,890$399,900

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,389
Property Tax -$810
Property Insurance -$176
Property Management Fees -$99
CASH FLOW
-$23

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.

$399,900

PROJECTED PRICE

$2,450

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.7%
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

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% 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 $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$15,988

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,505

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4503$2,5004$2,6505$2,850
$2,850
RENT COMPS ANALYSIS
  • 1317 Briarhaven Drive Bedford, TX 2
    • 3 beds 2 baths ∙ 2,569 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,569 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.95
    •  
  • 2221 Lakeview Drive Bedford, TX 1
    • 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 1977
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.95
    •  
  • 1201 Oakgrove Lane Bedford, TX 3
    • 3 beds 3 baths ∙ 2,547 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,547 Sqft ∙ Built 1988
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
  • 1208 Hillandale Court Bedford, TX 4
    • 4 beds 4 baths ∙ 2,859 Sqft ∙ Built 1989 4 beds 4 baths ∙ 2,859 Sqft ∙ Built 1989
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.93
    •  
  • 2324 Oak Knoll Drive Colleyville, TX 5
    • 4 beds 4 baths ∙ 2,736 Sqft ∙ Built 1971 4 beds 4 baths ∙ 2,736 Sqft ∙ Built 1971
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.04
    •  
PROPERTY LISTING DETAILS
Mark Pennington
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493635
Last Updated: 01/15/2021
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