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1413 Danielle Drive Bedford, TX 76021

3 Beds 2 Baths 1,722 sqft Built 1995

$295,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $171.31
  • 3 Days on Market
  • MLS # : 14476840
  • Updated Date : 11/27/2020 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,722 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

OPEN HOUSE ON SAT. NOV 28 FROM 1-3. Enchanting 3 bedroom, 2 bath home with amazing outdoor space featuring pool, covered patio, & deck. Transom windows, crown molding, built-in TV cabinet and woodburning fireplace in living room. Bathroom has clawfoot tub and antique vanity. Kitchen offers island with butcher block top, painted cabinets with upper glass doors, and pantry. Built-in cabinet and large windows for extra natural light in breakfast nook. Primary bedroom suite boasts jetted tub with travertine trim, travertine tile shower with extra spray nozzles, dual sinks and vanities, and walk-in closet. Centrally located close to schools, shopping, & dining. DFW airport is just 15 minutes away.

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

Neighborhood: Ridgewood Bedford

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Ridgewood 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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,088
Property Tax -$597
Property Insurance -$127
Property Management Fees -$99
CASH FLOW
-$91

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.

$295,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.62%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$9,647

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,825

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7953$1,7954$1,8205$2,000
$2,000
RENT COMPS ANALYSIS
  • 1413 Danielle Drive Bedford, TX 4
    • 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.06
    •  
  • 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
    •  
  • 2909 Miles Way Bedford, TX 2
    • 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
    •  
  • 1405 Danielle Drive Bedford, TX 3
    • 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1993
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.08
    •  
  • 913 Kensington Court Bedford, TX 5
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1979
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.08
    •  
PROPERTY LISTING DETAILS
Charles Brown
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14476840
Last Updated: 11/27/2020
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