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1813 Goldenrod Lane Keller, TX 76248

4 Beds 3 Baths 3,436 sqft Built 2012

$470,000

List Price

$3,020

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $136.79
  • 1 Days on Market
  • MLS # : 14485908
  • Updated Date : 12/19/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,436 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Trinity

Listing Agent's Description

Stunning 4 BR-2.5 bath in the highly desirable Marshall Ridge subdivision in Keller. This is a Buyer's dream home that is move in ready and checks all the boxes! Fresh paint, new carpet, wood floors, cathedral ceilings and a kitchen that is a gourmet's delight with granite counters! Open floor plan with kitchen overlooking the great room that has a fireplace. Oversized Master suite with spacious closet on the first floor. Large game room and media room up. The Marshall Ridge community offers so much to its homeowners including the neighborhood pool, workout center, trail system, catch and release ponds, playgrounds, and more. Located in Keller ISD and zoned to Keller High. This one will go quick!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
 

$423,000$517,000$470,000

PURCHASE PRICE

$2,718$3,322$3,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,020
EXPENSES Loan Payment -$1,734
Property Tax -$986
Property Insurance -$226
HOA -$71
Property Management Fees -$99
CASH FLOW
-$96

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.

$470,000

PROJECTED PRICE

$3,020

PROJECTED RENT

0.64%

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-$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$130,300

INVESTMENT

$130,300

Down Payment
$117,500
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,500
Loan Amount $352,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$17,202

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,020

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $3,067

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$2,9953$3,0004$3,0205$3,150
$3,150
RENT COMPS ANALYSIS
  • 1813 Goldenrod Lane Keller, TX 4
    • 4 beds 3 baths ∙ 3,436 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,436 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $3,020
    • $0.88
    •  
  • 608 Shadow Glen Lane Keller, TX 1
    • 4 beds 4 baths ∙ 3,201 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,201 Sqft ∙ Built 2013
    LEASED 07/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.92
    •  
  • 404 Sagewood Court Keller, TX 2
    • 5 beds 4 baths ∙ 3,549 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,549 Sqft ∙ Built 2008
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.84
    •  
  • 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
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.91
    •  
  • 1608 Bradford Grove Trail Keller, TX 5
    • 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 2012 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 2012
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.90
    •  
PROPERTY LISTING DETAILS
Lisa Harrow
Re/max Trinity
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485908
Last Updated: 12/19/2020
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