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1728 Pedernales Street Burleson, TX 76028

3 Beds 2 Baths 2,229 sqft Built 2019

$340,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $152.53
  • 6 Days on Market
  • MLS # : 14520836
  • Updated Date : 02/24/2021 at 10:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,229 sqft
  • Baths : 2 full
Listing Agent

Keller Williams-johnson County

Listing Agent's Description

Gorgeous brick and stone home in Greenridge Estates! Upon entry, you will notice the low-maintenance wood flooring throughout. French doors lead to the study. Oversized open-concept living room features wood-burning fireplace and windows galore. Stunning kitchen equipped with custom cabinetry, granite c-tops, sub tile backsplash, ss appliances, and large island with breakfast bar. Primary bedroom is nicely sized with french doors leading to bathroom with his & her vanities, garden tub & separate shower. Both additional bedrooms are nicely sized! Backyard features covered patio & wooden privacy fence! Welcome home!

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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Clinkscale Elementary School Primary Regular 589 37 7
Burleson High School High Regular 1,583 101 7

Clinkscale Elementary School

  • Education Level: Primary
  • # of students: 589
  • # of teachers: 37
7
GreatSchools Rating

Burleson High School

  • Education Level: High
  • # of students: 1,583
  • # of teachers: 101
7
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,181
Property Tax -$815
Property Insurance -$156
HOA -$50
Property Management Fees -$99
CASH FLOW
-$441

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.

$340,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.55%

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) 8.00%
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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$20

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,900

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,7953$1,8504$1,8605$2,200
$2,200
RENT COMPS ANALYSIS
  • 1728 Pedernales Street Burleson, TX 4
    • 3 beds 2 baths ∙ 2,229 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,229 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.83
    •  
  • 1433 Kramer Court Burleson, TX 1
    • 4 beds 2 baths ∙ 2,099 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,099 Sqft ∙ Built 2008
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.85
    •  
  • 1313 Erin Court Burleson, TX 2
    • 3 beds 3 baths ∙ 2,214 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,214 Sqft ∙ Built 2006
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.81
    •  
  • 1340 Hillside Drive Burleson, TX 3
    • 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2010
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.88
    •  
  • 308 Delaware Street Burleson, TX 5
    • 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2010
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
PROPERTY LISTING DETAILS
Shelley Green
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 #: 14520836
Last Updated: 02/24/2021
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