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204 Bear Hollow Keller, TX 76248

4 Beds 4 Baths 3,325 sqft Built 1997

$420,000

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $126.32
  • 5 Days on Market
  • MLS # : 14488628
  • Updated Date : 01/02/2021 at 11:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,325 sqft
  • Baths : 3 full , 1 half
Listing Agent

Orchard Brokerage

Listing Agent's Description

Click the Virtual Tour link to view the 3D Matterport walkthrough. This impressive two-story residence sits on a spacious cul-de-sac lot with a three-car garage and a spacious private yard with a crystal blue pool. Mature landscaping, shutters, and an impressive entryway create great curb appeal. The foyer has a soaring ceiling and abundant natural light that carries throughout the home. Ideal floorplan with separate formal and dining rooms, both with wainscotting and crown molding, and a family room with a fireplace is adjacent to the kitchen and breakfast area. Luxurious master suite with a 5-piece bathroom on the main level. Guest bedrooms are on the upper level with a game room. Clean and move-in ready.

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

Neighborhood: The Meadows at Bear Creek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Neighborhood: The Meadows at Bear Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262997

* 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
 

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

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$1,550
Property Tax -$881
Property Insurance -$219
HOA -$20
Property Management Fees -$99
CASH FLOW
$231

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

$3,000

PROJECTED RENT

0.71%

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$0.0$5.0k$10k$15k$20k

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$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 50% 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

7.33

YEARS SAVED

$44,943

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,000

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $3,009

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,9953$2,9954$2,9995$3,000
$3,000
RENT COMPS ANALYSIS
  • 204 Bear Hollow Keller, TX 5
    • 4 beds 4 baths ∙ 3,325 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,325 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.90
    •  
  • 1605 Coyote Court Keller, TX 1
    • 4 beds 4 baths ∙ 3,123 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,123 Sqft ∙ Built 1996
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.90
    •  
  • 322 Longview Drive Keller, TX 2
    • 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 1999
    LEASED 07/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.93
    •  
  • 309 Huffman Bluff Keller, TX 3
    • 4 beds 4 baths ∙ 3,435 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,435 Sqft ∙ Built 2005
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.87
    •  
  • 1607 Pleasant Run Keller, TX 4
    • 5 beds 4 baths ∙ 3,259 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,259 Sqft ∙ Built 1996
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,999
    • $0.92
    •  
PROPERTY LISTING DETAILS
Alexandra Clement
Orchard Brokerage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488628
Last Updated: 01/02/2021
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