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1400 Johnson Road Keller, TX 76248

4 Beds 4 Baths 2,451 sqft Built 2001

$535,000

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $218.28
  • 2 Days on Market
  • MLS # : 14500942
  • Updated Date : 01/16/2021 at 20:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,451 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty-fm

Listing Agent's Description

Are you looking for a home where you can create lasting memories? Would you like the freedom to make your decisions on your terms? Look no further than this impeccable well maintained Keller ISD home that sits on an half acre lot without the constraints of a HOA. This bright & light space is perfect for living life, relaxing and entertaining! The soaring ceilings, plantation shutters, real hardwood floors, 4 spacious bedrooms with bathrooms, plus an office all in a neutral farmhouse design are ready for you. Gather with friends by the pool, sit under the shade of the cabana, relax by the fire. MULTIPLE OFFERS HAVE BEEN RECEIVED. PLEASE SUBMIT BEST AND FINAL OFFER BY MONDAY, JANUARY 18 AT 8:00 AM.

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
Florence Elementary School Primary Regular 500 35 10
Bear Creek Intermediate School Middle Regular 781 42 9
Keller High School High Regular 2,645 145 10

Florence Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 35
10
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
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$1,858
Property Tax -$1,122
Property Insurance -$169
Property Management Fees -$99
CASH FLOW
-$249

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.

$535,000

PROJECTED PRICE

$3,000

PROJECTED RENT

0.56%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$8,410

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,000

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $2,512

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,6953$2,7004$2,7505$3,000
$3,000
RENT COMPS ANALYSIS
  • 1400 Johnson Road Keller, TX 5
    • 4 beds 4 baths ∙ 2,451 Sqft ∙ Built 2001 4 beds 4 baths ∙ 2,451 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.22
    •  
  • 1117 Blackwood Drive Keller, TX 1
    • 3 beds 4 baths ∙ 2,506 Sqft ∙ Built 2012 3 beds 4 baths ∙ 2,506 Sqft ∙ Built 2012
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.02
    •  
  • 1210 Clear Springs Drive Keller, TX 2
    • 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2001
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.04
    •  
  • 213 Longview Court Keller, TX 3
    • 4 beds 4 baths ∙ 2,668 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,668 Sqft ∙ Built 1999
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.01
    •  
  • 212 Longview Court Keller, TX 4
    • 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 1999
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.03
    •  
PROPERTY LISTING DETAILS
Laura Salzman
Keller Williams Realty-fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500942
Last Updated: 01/16/2021
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