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1413 Timbercrest Drive Benbrook, TX 76126

3 Beds 2 Baths 1,404 sqft Built 1983

$219,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $156.62
  • 4 Days on Market
  • MLS # : 14476687
  • Updated Date : 11/26/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,404 sqft
  • Baths : 2 full
Listing Agent

Century 21 Judge Fite Co.

Listing Agent's Description

Amazing opportunity to get in this freshly updated home that's on one of Benbrooks most convenient streets with a greenbelt and low traffic! Owner frequently feeds the wildlife so expect to see deer and turkey as you lookout your backdoor. Recent upgrades include fresh interior paint, floors, granite countertops, sinks and fixtures, range oven, guest bathtub and surround, master shower, kitchen backsplash, door handles, and more! Great layout with kitchen, dining, and living room being open with high vaulted ceilings. Cozy up next to love ones with the wood burning fireplace. Great location with houses on this side of the street selling fast and there's still time to celebrate Christmas in this home!

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: Timber Creek Park

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $102k438k

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

Neighborhood: Timber Creek Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8581734

* 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
Benbrook Elementary School Primary Regular 584 32 6
Benbrook Middle High School Middle Regular 911 59 5
Benbrook Middle High School High Regular 911 59 5

Benbrook Elementary School

  • Education Level: Primary
  • # of students: 584
  • # of teachers: 32
6
GreatSchools Rating

Benbrook Middle High School

  • Education Level: Middle
  • # of students: 911
  • # of teachers: 59
5
GreatSchools Rating

Benbrook Middle High School

  • Education Level: High
  • # of students: 911
  • # of teachers: 59
5
GreatSchools Rating
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$811
Property Tax -$474
Property Insurance -$108
Property Management Fees -$99
CASH FLOW
-$73

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$219,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$811

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$6,743

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,408

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,4453$1,4954$1,5755$1,595
$1,595
RENT COMPS ANALYSIS
  • 1413 Timbercrest Drive Benbrook, TX 1
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.01
    •  
  • 917 Cottonwood Trail Benbrook, TX 2
    • 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1983
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $1.00
    •  
  • 1600 High Ridge Road Benbrook, TX 3
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1975
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.95
    •  
  • 920 Arrow Wood Street Benbrook, TX 4
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1979
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.01
    •  
  • 1701 Edge Hill Road Benbrook, TX 5
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1977
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.05
    •  
PROPERTY LISTING DETAILS
Landen Miller
Century 21 Judge Fite Co.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14476687
Last Updated: 11/26/2020
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