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154 Fairweather Drive Burleson, TX 76028

4 Beds 3 Baths 2,972 sqft Built 2018

$429,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $144.35
  • 3 Days on Market
  • MLS # : 14493899
  • Updated Date : 01/08/2021 at 07:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,972 sqft
  • Baths : 3 full
Listing Agent

Keller Williams-johnson County

Listing Agent's Description

Welcome to this stunning John Houston custom home! This home boasts an open concept modern farmhouse feel. State of the art kitchen, with gas cooktop and giant island for entertaining guests. You will have a spectacular view of the downtown Fort Worth skyline, and also a perfect view for all the local firework displays. Downstairs you will find a large master suite along with a separate mother in law suite. The large study can easily be converted into a 5th bedroom. There is also a gas hookup on the back patio for your famous backyard BBQ's. Let's get you into this beautiful home before it's gone!! All information deemed accurate but not guaranteed. Buyer and Broker to verify all information

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: Hidden Vistas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $88k393k

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

Neighborhood: Hidden Vistas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100220023002400Rent in $9452405

* 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
Norwood Elementary School Primary Regular 437 30 3
Kerr Middle School Middle Regular 1,258 72 5
Kerr Middle School High Regular 1,258 72 5

Norwood Elementary School

  • Education Level: Primary
  • # of students: 437
  • # of teachers: 30
3
GreatSchools Rating

Kerr Middle School

  • Education Level: Middle
  • # of students: 1,258
  • # of teachers: 72
5
GreatSchools Rating

Kerr Middle School

  • Education Level: High
  • # of students: 1,258
  • # of teachers: 72
5
GreatSchools Rating
 

$386,100$471,900$429,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,490
Property Tax -$1,029
Property Insurance -$199
HOA -$25
Property Management Fees -$99
CASH FLOW
-$372

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.

$429,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,490

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$879

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,536

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4703$2,5754$2,745
$2,745
RENT COMPS ANALYSIS
  • 154 Fairweather Drive Burleson, TX 2
    • 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.83
    •  
  • 3029 Marquise Court Burleson, TX 1
    • 4 beds 3 baths ∙ 3,142 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,142 Sqft ∙ Built 2000
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.76
    •  
  • 1185 Barberry Drive Burleson, TX 3
    • 4 beds 3 baths ∙ 2,868 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,868 Sqft ∙ Built 2014
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $0.90
    •  
  • 108 Mckinley Drive Burleson, TX 4
    • 4 beds 4 baths ∙ 3,049 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,049 Sqft ∙ Built 2012
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,745
    • $0.90
    •  
PROPERTY LISTING DETAILS
Rese Wheatley
Keller Williams-johnson County
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493899
Last Updated: 01/08/2021
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