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

220 Ne Shady Oaks Drive Burleson, TX 76028

3 Beds 2 Baths 1,535 sqft Built 1983

$235,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $153.09
  • 7 Days on Market
  • MLS # : 14496038
  • Updated Date : 01/14/2021 at 11:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,535 sqft
  • Baths : 2 full
Listing Agent

My Castle Realty

Listing Agent's Description

Move in Ready Home with recent updates. New Tile , New Carpet in the living room, bedrooms and hallway , New Laminate Floor. New Doors & Door handles in All Bedrooms , Hallways and Bathrooms. New Floorboards, 2 inch Faux Blinds , Fresh Paint New Dishwasher and Disposal 2019. Large backyard with Tool shed. Roof replaced June 2018.

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: Timber Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $116k258k

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

Neighborhood: Timber Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

* 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
Jack Taylor Elementary School Primary Regular 492 33 5
Hughes Middle School Middle Regular 1,200 71 5
Burleson High School High Regular 1,583 101 7

Jack Taylor Elementary School

  • Education Level: Primary
  • # of students: 492
  • # of teachers: 33
5
GreatSchools Rating

Hughes Middle School

  • Education Level: Middle
  • # of students: 1,200
  • # of teachers: 71
5
GreatSchools Rating

Burleson High School

  • Education Level: High
  • # of students: 1,583
  • # of teachers: 101
7
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$816
Property Tax -$563
Property Insurance -$115
Property Management Fees -$99
CASH FLOW
-$3

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$235,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$9,422

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,444

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,549
1$1,5492$1,5903$1,6004$1,6005$1,750
$1,750
RENT COMPS ANALYSIS
  • 220 Ne Shady Oaks Drive Burleson, TX 2
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $1.05
    •  
  • 853 Beaver Creek Drive Burleson, TX 1
    • 4 beds 2 baths ∙ 1,675 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,675 Sqft ∙ Built 2000
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.92
    •  
  • 205 Ne Rosamond Street Burleson, TX 3
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1978
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.99
    •  
  • 139 Mcalister Road Burleson, TX 4
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1988
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
  • 801 Heberle Drive Burleson, TX 5
    • 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2000
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
PROPERTY LISTING DETAILS
Gary Bisha
My Castle Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496038
Last Updated: 01/14/2021
BESbswy