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1812 Tobie Layne Street Benbrook, TX 76126

3 Beds 2 Baths 1,282 sqft Built 1983

$250,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $195.01
  • 4 Days on Market
  • MLS # : 14539601
  • Updated Date : 03/27/2021 at 08:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,282 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Fort Worth

Listing Agent's Description

OFFER DEADLINE THIS SUNDAY 8PM. Beautiful home in established Benbrook neighborhood. Amazing outdoor space perfect for Texas summer days and outdoor entertainment featuring a covered patio with built in speakers, an inground pool resurfaced in 2016, a pool house with electricity and AC unit, a built in fire pit, and an oversized yard with sprinkler system. No carpet in this home! New porcelain tile flooring throughout and wood look tile in bedrooms. Stainless steel appliances, granite countertops, and farm house SS sink in kitchen. New energy efficient windows and custom wood blinds. AC replaced in 2016, all appliances will remain along with energy saving solar panels that are fully owned.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Greenbriar Benbrook

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $90k425k

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

Neighborhood: Greenbriar Benbrook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8191734

* 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
Benbrook Elementary School Primary Regular 584 32 6

Benbrook Elementary School

  • Education Level: Primary
  • # of students: 584
  • # of teachers: 32
6
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$868
Property Tax -$539
Property Insurance -$101
Property Management Fees -$99
CASH FLOW
-$267

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.

$250,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.9%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$283

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,333

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,4253$1,4494$1,5255$1,550
$1,550
RENT COMPS ANALYSIS
  • 1812 Tobie Layne Street Benbrook, TX 1
    • 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $1.05
    •  
  • 1809 Prince Drive Benbrook, TX 2
    • 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 1980
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.01
    •  
  • 1825 Prince Drive Benbrook, TX 3
    • 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1980
    property image
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $1.01
    •  
  • 1119 Cozby Street Benbrook, TX 4
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1969
    property image
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.07
    •  
  • 1208 Timbercrest Drive Benbrook, TX 5
    • 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1982
    property image
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.07
    •  
PROPERTY LISTING DETAILS
Elvira Blandon
Jp And Associates Fort Worth
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14539601
Last Updated: 03/27/2021
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