Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

215 Bear Hollow Keller, TX 76248

4 Beds 2 Baths 2,485 sqft Built 1996

$385,000

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $154.93
  • 4 Days on Market
  • MLS # : 14493045
  • Updated Date : 01/09/2021 at 18:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,485 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

MULTIPLE OFFERS! Best and Final offers due Sunday, January 10, by 5:00 PM. Welcome to this wonderfully updated home on a quiet tree lined street in central Keller! The upgrade list includes beautiful hardwood floors, a remodeled kitchen featuring high end SS appliances and exotic granite; just to name a few. The well designed floor plan features split bedrooms, one of which is currently being used as an office, perfect for those working from home. This gem boasts an oversized lot with lush landscaping in front as well in the back, where an outdoor living space with a flagstone covered patio offers great space for entertaining and relaxation. A MUST SEE!

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
 

$346,500$423,500$385,000

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$1,337
Property Tax -$808
Property Insurance -$171
HOA -$20
Property Management Fees -$99
CASH FLOW
$55

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.

$385,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.65%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$20,759

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,510

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,490
1$2,4902$2,6003$2,6954$2,7005$2,750
$2,750
RENT COMPS ANALYSIS
  • 215 Bear Hollow Keller, TX 1
    • 4 beds 2 baths ∙ 2,485 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,485 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $1.00
    •  
  • 2212 Bayou Court Keller, TX 2
    • 4 beds 4 baths ∙ 2,716 Sqft ∙ Built 2001 4 beds 4 baths ∙ 2,716 Sqft ∙ Built 2001
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.96
    •  
  • 1210 Clear Springs Drive Keller, TX 3
    • 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2001
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.04
    •  
  • 213 Longview Court Keller, TX 4
    • 4 beds 4 baths ∙ 2,668 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,668 Sqft ∙ Built 1999
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.01
    •  
  • 212 Longview Court Keller, TX 5
    • 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 1999
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.03
    •  
PROPERTY LISTING DETAILS
Jan Bawanan
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493045
Last Updated: 01/09/2021
BESbswy