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239 Bayne Road Haslet, TX 76052

4 Beds 3 Baths 2,461 sqft Built 1985

$475,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1985
  • Price/Sqft : $193.01
  • 11 Days on Market
  • MLS # : 14459315
  • Updated Date : 10/30/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,461 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Charm and character describe the fantastic home on 2.5 acres! Ideal for horses and more! Country living in the city! Gorgeous home boasts wood-like tile, lots of windows and light! Enjoy the wood burning fire place on chilly evenings in your spacious living area! Tons of storage in the kitchen and throughout! Wow, this home has 2 master suites! All 3 baths updated! Outdoor entertaining is a breeze on your oversized patio or courtyard enjoying the fabulous view of your property! The 4 car tandem garage is ideal for parking AND a great workshop! Loafing shed has a 2 stall barn and chicken coop! Roof recently replaced! NWISD; NO HOA; close to shopping and restaurants; easy access to hwy for quick commute to work!

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 76052

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 76052

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Haslet Elementary School Primary Regular 406 28 9
Truett Wilson Middle School Middle Unknown 844 58 NA
Byron Nelson High School High Regular 2,552 147 8

Haslet Elementary School

  • Education Level: Primary
  • # of students: 406
  • # of teachers: 28
9
GreatSchools Rating

Truett Wilson Middle School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 58
NA
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,753
Property Tax -$1,136
Property Insurance -$169
Property Management Fees -$99
CASH FLOW
-$687

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.

$475,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
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-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$29

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,043

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,9503$1,9954$2,2505$2,470
$2,470
RENT COMPS ANALYSIS
  • 239 Bayne Road Haslet, TX 5
    • 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $1.00
    •  
  • 10033 Bull Run Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 2005
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.80
    •  
  • 3513 Aldersyde Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2002
    LEASED 06/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.83
    •  
  • 9832 Gallatin Lane Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,455 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,455 Sqft ∙ Built 2005
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.81
    •  
  • 9821 Gallatin Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2005
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.88
    •  
PROPERTY LISTING DETAILS
Kim Gardner
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14459315
Last Updated: 10/30/2020
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