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1767 Johnson Road Keller, TX 76248

3 Beds 3 Baths 2,171 sqft Built 1981

$475,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $218.79
  • 3 Days on Market
  • MLS # : 14473403
  • Updated Date : 11/20/2020 at 02:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,171 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Fantastic lot in North Keller. Play and entertain in the spacious backyard. Dream of the possibilities. What a wonderful opportunity to own a LARGE lot! This ranch home has 3 bedrooms and 2.5 baths. It also features a sunroom for indoor-outdoor entertaining, a private work from home office nook, split floor plan and vaulted living room ceiling. Step right outside, where you will enjoy the pool and spa, the mature trees, and an 8 foot fully fenced private yard. Best of all, there is no HOA here... park all of the toys, room for storage of all kinds! There is an awesome workshop for the hobbyist or anyone looking for a place to create and build. Come see this gem.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Neighborhood: Greenbriar Keller

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k439k

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

Neighborhood: Greenbriar Keller

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263058

* 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
Florence Elementary School Primary Regular 500 35 10
Bear Creek Intermediate School Middle Regular 781 42 9
Keller High School High Regular 2,645 145 10

Florence Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 35
10
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
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,753
Property Tax -$997
Property Insurance -$153
Property Management Fees -$99
CASH FLOW
-$741

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.

$475,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.48%

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

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$12k-$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$26

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,301

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,2603$2,2954$2,4505$2,595
$2,595
RENT COMPS ANALYSIS
  • 1767 Johnson Road Keller, TX 2
    • 3 beds 3 baths ∙ 2,171 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,171 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.04
    •  
  • 1016 N Pearson Lane Keller, TX 1
    • 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 1970
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.02
    •  
  • 1237 Robin Drive Keller, TX 3
    • 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 1979
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.04
    •  
  • 613 Overland Trail Southlake, TX 4
    • 4 beds 3 baths ∙ 2,299 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,299 Sqft ∙ Built 1975
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.07
    •  
  • 1705 Rosebriar Lane Keller, TX 5
    • 4 beds 2 baths ∙ 2,344 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,344 Sqft ∙ Built 1999
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.11
    •  
PROPERTY LISTING DETAILS
Cindy Giles
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473403
Last Updated: 11/20/2020
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