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1569 Lizzie Lane Burleson, TX 76028

3 Beds 2 Baths 1,677 sqft Built 2020

$325,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $193.80
  • 4 Days on Market
  • MLS # : 14507908
  • Updated Date : 01/29/2021 at 11:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,677 sqft
  • Baths : 2 full
Listing Agent

All City Real Estate, Ltd. Co.

Listing Agent's Description

Craftsman style home in red-hot Burleson. New construction that is energy efficient, in a quiet neighborhood with easy access to Chisholm Trail, shopping, dining and schools. This impeccable home is chalked full of upgrades including a driveway gate with remotes, wrought iron fencing, beautiful landscaping, bronze window frames, cedar beam in living room, built-ins around fireplace, white quartz countertops, GE stainless steel appliances and more! Open floor plan is conducive to interaction between the kitchen, dining and living areas. Enjoy the covered breezeway leading to the grilling porch that is perfect for entertaining guests. Schedule your showing today!

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: 76028

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $119k258k

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

Zip Code: 76028

ZipNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,129
Property Tax -$779
Property Insurance -$124
Property Management Fees -$99
CASH FLOW
-$571

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$325,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$88,125

INVESTMENT

$88,125

Down Payment
$81,250
Rehab Estimate
$2,000
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$11

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,551

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,449
1$1,4492$1,4953$1,5504$1,5605$1,650
$1,650
RENT COMPS ANALYSIS
  • 1569 Lizzie Lane Burleson, TX 4
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.93
    •  
  • 1436 Erin Drive Burleson, TX 1
    • 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2006
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.95
    •  
  • 809 Crystal Drive Burleson, TX 2
    • 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 2006
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.86
    •  
  • 841 Sheryn Drive Burleson, TX 3
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2007
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 1432 Krista Drive Burleson, TX 5
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 2007
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
PROPERTY LISTING DETAILS
Joel Allen
All City Real Estate, Ltd. Co.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507908
Last Updated: 01/29/2021
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