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2113 Golden Oak Drive Bedford, TX 76021

4 Beds 3 Baths 2,711 sqft Built 2002

$365,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $134.64
  • 3 Days on Market
  • MLS # : 14475891
  • Updated Date : 11/27/2020 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,711 sqft
  • Baths : 2 full , 1 half
Listing Agent

Remington Team Realty, Llc

Listing Agent's Description

Incredible 4 bedroom home located in the heart of the DFW Metroplex. Custom Pulte home with incredible floorplan that includes; two downstairs living areas, two dining areas, elegant downstairs master suite and spacious upstairs game room. There's a lot to love here with dramatic high ceilings, beautiful gas starter woodburning fireplace and stunning gourmet kitchen with oversized island. Too many updates to mention that include; windows, flooring, bathrooms, and kitchen. Located just minutes from DFW Airport in a quiet and much sought after north Bedford neighborhood. Ready to call home!

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: Village of Oak Park

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k339k

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

Neighborhood: Village of Oak Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10932350

* 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
Midway Park Elementary School Primary Regular 701 41 7
Harwood Junior High School Middle Regular 998 57 8
Harwood Junior High School High Regular 998 57 8

Midway Park Elementary School

  • Education Level: Primary
  • # of students: 701
  • # of teachers: 41
7
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
 

$328,500$401,500$365,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,347
Property Tax -$739
Property Insurance -$184
HOA -$38
Property Management Fees -$99
CASH FLOW
$94

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.

$365,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.4%
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

PROJECTED ANNUAL CASH FLOW

11530$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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$28,143

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,575

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,3003$2,4954$2,5005$2,900
$2,900
RENT COMPS ANALYSIS
  • 2113 Golden Oak Drive Bedford, TX 4
    • 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.92
    •  
  • 3300 Paint Brush Lane Bedford, TX 1
    • 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 1990
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.88
    •  
  • 408 Attaway Drive Euless, TX 2
    • 4 beds 4 baths ∙ 2,458 Sqft ∙ Built 1994 4 beds 4 baths ∙ 2,458 Sqft ∙ Built 1994
    property image
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.94
    •  
  • 1607 Lake Eden Drive Euless, TX 3
    • 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 2005
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.96
    •  
  • 916 Adam Way Euless, TX 5
    • 3 beds 3 baths ∙ 2,836 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,836 Sqft ∙ Built 2019
    property image
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.02
    •  
PROPERTY LISTING DETAILS
Debbie Remington
Remington Team Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475891
Last Updated: 11/27/2020
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