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1813 Coventry Drive Bedford, TX 76021

3 Beds 3 Baths 2,378 sqft Built 1986

$420,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $176.62
  • 3 Days on Market
  • MLS # : 14463948
  • Updated Date : 11/06/2020 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,378 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Mike Bowman, Inc.

Listing Agent's Description

Timeless style and setting on this beautiful home with wrap around porches and towering trees on over one third acre lot. From the brick entry foyer to the walls of windows and atrium doors overlooking the picturesque backyard, this home has so many special features! Plantation shutters, wood floors, granite counters, updated kitchen, etc. Tremendous amount of storage throughout the home from large closets to dormer window storage rooms and closets. Home has been beautifully maintained throughout. Located in North Bedford and within 15 min from Downtown Ft, Worth and 20 minutes to Dallas.

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

Neighborhood: Rollingwood

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Rollingwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10932233

* 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
Shady Brook Elementary School Primary Regular 620 34 6
Harwood Junior High School Middle Regular 998 57 8
Harwood Junior High School High Regular 998 57 8

Shady Brook Elementary School

  • Education Level: Primary
  • # of students: 620
  • # of teachers: 34
6
GreatSchools Rating

Harwood Junior High School

  • Education Level: Middle
  • # of students: 998
  • # of teachers: 57
8
GreatSchools Rating

Harwood Junior High School

  • Education Level: High
  • # of students: 998
  • # of teachers: 57
8
GreatSchools Rating
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,550
Property Tax -$850
Property Insurance -$165
HOA -$3
Property Management Fees -$99
CASH FLOW
-$496

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.

$420,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 10.2%
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-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$374

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,200

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,1003$2,1704$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 1813 Coventry Drive Bedford, TX 3
    • 3 beds 3 baths ∙ 2,378 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,378 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.91
    •  
  • 2120 Oakmeadow Place Bedford, TX 1
    • 4 beds 2 baths ∙ 2,330 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,330 Sqft ∙ Built 1981
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
  • 2325 Aberdeen Drive Bedford, TX 2
    • 3 beds 2 baths ∙ 2,217 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,217 Sqft ∙ Built 1996
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
  • 2221 Lakeview Drive Bedford, TX 4
    • 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 1977
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.95
    •  
  • 1201 Oakgrove Lane Bedford, TX 5
    • 3 beds 3 baths ∙ 2,547 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,547 Sqft ∙ Built 1988
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
PROPERTY LISTING DETAILS
Carolyn Peak
Century 21 Mike Bowman, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463948
Last Updated: 11/06/2020
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