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1524 Hudnall Farm Road Keller, TX 76248

4 Beds 3 Baths 3,133 sqft Built 2000

$545,000

List Price

$3,280

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $173.95
  • 3 Days on Market
  • MLS # : 14454867
  • Updated Date : 11/14/2020 at 11:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,133 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Sited amongst a lush canopy of trees on a private .40-acre lot in Hudnall Farm Addition, this David Weekley 1.5 story home boasts a functional floor plan with four bedrooms, two-and-a-half baths, two living areas, two dining rooms, a chef's kitchen, 2nd level game room, utility area and 3-car garage. Custom detailing prevails with gracious windows, rich hardwoods, a plethora of built-ins, extensive trim and more. The luxurious master suite offers direct egress to backyard and a spa-inspired bathroom. The backyard oasis is the ideal retreat with meticulous landscape and a covered patio-pergola overlooking a sparkling diving pool with waterfalls and spa. Two HVAC's replaced in 2018-19 and new carpet in 2020.

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
Shady Grove Elementary School Primary Regular 458 32 8
Indian Springs Middle School Middle Regular 869 53 8
Keller High School High Regular 2,645 145 10

Shady Grove Elementary School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 32
8
GreatSchools Rating

Indian Springs Middle School

  • Education Level: Middle
  • # of students: 869
  • # of teachers: 53
8
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students: 2,645
  • # of teachers: 145
10
GreatSchools Rating
 

$490,500$599,500$545,000

PURCHASE PRICE

$2,952$3,608$3,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,280
EXPENSES Loan Payment -$2,011
Property Tax -$1,143
Property Insurance -$208
HOA -$42
Property Management Fees -$99
CASH FLOW
-$223

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.

$545,000

PROJECTED PRICE

$3,280

PROJECTED RENT

0.60%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$150,175

INVESTMENT

$150,175

Down Payment
$136,250
Rehab Estimate
$5,750
Closing Costs
$8,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,011

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $136,250
Loan Amount $408,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$12,977

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,280

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,820

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,7003$2,8504$3,0005$3,280
$3,280
RENT COMPS ANALYSIS
  • 1524 Hudnall Farm Road Keller, TX 5
    • 4 beds 3 baths ∙ 3,133 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,133 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $1.05
    •  
  • 1602 Tealwood Court Keller, TX 1
    • 4 beds 4 baths ∙ 2,783 Sqft ∙ Built 1988 4 beds 4 baths ∙ 2,783 Sqft ∙ Built 1988
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.90
    •  
  • 333 Longview Drive Keller, TX 2
    • 4 beds 3 baths ∙ 3,108 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,108 Sqft ∙ Built 2000
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.87
    •  
  • 1607 Pleasant Run Keller, TX 3
    • 5 beds 4 baths ∙ 3,259 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,259 Sqft ∙ Built 1996
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.87
    •  
  • 1105 Elmgrove Lane Keller, TX 4
    • 5 beds 3 baths ∙ 3,116 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,116 Sqft ∙ Built 2000
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.96
    •  
PROPERTY LISTING DETAILS
Chad Collins
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14454867
Last Updated: 11/14/2020
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