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1656 Bradford Grove Trail Keller, TX 76248

4 Beds 3 Baths 3,119 sqft Built 2012

$440,000

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $141.07
  • 3 Days on Market
  • MLS # : 14467902
  • Updated Date : 11/13/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,119 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Fantastic Marshall Ridge home located in a quiet cul de sac. Enjoy the lovely Fall evenings by grilling out on the built-in grill and relaxing on the extended flagstone patio topped with a beautiful pergola. The open floor plan and two-story living space make daily life light and bright with plenty of inviting windows. Working form home is a cinch in the office with glass French Doors for privacy or head upstairs to play in the spacious Gameroom and Media room. Come see this lovely home soon!

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
Bear Creek Intermediate School Primary Regular 781 42 9
Bear Creek Intermediate School Middle Regular 781 42 9
Keller High School High Regular 2,645 145 10

Bear Creek Intermediate School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 42
9
GreatSchools Rating

Bear Creek Intermediate School

  • Education Level: Middle
  • # of students: 781
  • # of teachers: 42
9
GreatSchools Rating

Keller High School

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

$396,000$484,000$440,000

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$1,623
Property Tax -$923
Property Insurance -$207
HOA -$71
Property Management Fees -$99
CASH FLOW
-$4

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.

$440,000

PROJECTED PRICE

$2,920

PROJECTED RENT

0.66%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$22,789

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $3,096

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,920
1$2,9202$2,9503$3,0004$3,1505$3,500
$3,500
RENT COMPS ANALYSIS
  • 1656 Bradford Grove Trail Keller, TX 1
    • 4 beds 3 baths ∙ 3,119 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,119 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $0.94
    •  
  • 608 Shadow Glen Lane Keller, TX 2
    • 4 beds 4 baths ∙ 3,201 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,201 Sqft ∙ Built 2013
    property image
    LEASED 07/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.92
    •  
  • 1732 Hickory Chase Circle Keller, TX 3
    • 4 beds 4 baths ∙ 3,311 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,311 Sqft ∙ Built 2014
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.91
    •  
  • 1966 Laurel Valley Drive Keller, TX 4
    • 4 beds 4 baths ∙ 3,032 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,032 Sqft ∙ Built 2012
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.04
    •  
  • 1800 Grand Meadows Drive Keller, TX 5
    • 4 beds 3 baths ∙ 3,187 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,187 Sqft ∙ Built 2008
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.10
    •  
PROPERTY LISTING DETAILS
Cecily Verloop
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467902
Last Updated: 11/13/2020
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