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234 Sorrel Trail Keller, TX 76248

3 Beds 2 Baths 1,524 sqft Built 1985

$235,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $154.20
  • 2 Days on Market
  • MLS # : 14536882
  • Updated Date : 03/20/2021 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,524 sqft
  • Baths : 2 full
Listing Agent

Jds Realty

Listing Agent's Description

Charming 3 bedroom 2 bath 2 Car Garage in Keller ISD. Recently painted and some cute finishing touches. Large backyard with 16x16 deck and storage building. Close to shopping, schools, restaurants, and highways. Come take a look and make this one yours !

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: West Bursey Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $97k413k

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

Neighborhood: West Bursey Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10292706

* 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
Willis Lane Elementary School Primary Regular 486 33 10
Keller High School High Regular 2,645 145 10
Keller High School High Unknown NA

Willis Lane Elementary School

  • Education Level: Primary
  • # of students: 486
  • # of teachers: 33
10
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students: 2,645
  • # of teachers: 145
10
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

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

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$816
Property Tax -$493
Property Insurance -$115
Property Management Fees -$99
CASH FLOW
$126

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.

$235,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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 50% 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

7.25

YEARS SAVED

$20,848

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,650

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6503$1,7004$1,7495$1,750
$1,750
RENT COMPS ANALYSIS
  • 234 Sorrel Trail Keller, TX 2
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.08
    •  
  • 205 Arabian Lane Keller, TX 1
    • 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 1985
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.05
    •  
  • 228 Rodeo Drive Keller, TX 3
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1985
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.12
    •  
  • 2068 Bronco Lane Keller, TX 4
    • 3 beds 3 baths ∙ 1,610 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,610 Sqft ∙ Built 1988
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $1.09
    •  
  • 2087 Rodeo Court Keller, TX 5
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1985
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.07
    •  
PROPERTY LISTING DETAILS
Jennifer Stevens
Jds Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536882
Last Updated: 03/20/2021
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