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241 Allegheny Drive Burleson, TX 76028

4 Beds 3 Baths 2,715 sqft Built 2020

$304,817

List Price

$2,030

$1.8K - $2.2K

Rent Est.

$82,777

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+6.6%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.1%
Cash Flow	-$1,752
Value Increase	$20,250

10 YEAR

Cash On Cash	-4.3%
Total Return	10.1%

PROPERTY INFO

Built 2020 NEW CONSTRUCTION

October 29, 2020 RECENTLY ADDED

FACTS

Built In 2020
Price/Sqft : $112.27
6 Days on Market
MLS # : 14462226
Updated Date : 10/29/2020 at 11:00

CONSTRUCTION

Beds : 4
Floor Size : 2,715 sqft
Baths : 3 full

Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14462226 - Built by Kindred Homes - December completion! ~ Great Location in Hidden Vistas in Burleson close to walking trails, fishing, biking, golfing , shopping and much more. The Wimberly is Amazing Floor plan Starting with the Entry The Wimberly has engineered hardwood in the Entry way, Kitchen, Dining & Owners Suite. The Family room opens up to the kitchen area. Outdoor Patio great size for grilling or just hanging out with family & friends.

MARKET HIGHLIGHTS

Dallas Market Report

. 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)

Neighborhood: Hidden Vistas

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

Neighborhood: Hidden Vistas

* 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
Norwood Elementary School	Primary	Regular	437	30	3
Kerr Middle School	Middle	Regular	1,258	72	5
Kerr Middle School	High	Regular	1,258	72	5

Norwood Elementary School

Education Level: Primary
# of students: 437
# of teachers: 30

GreatSchools Rating

Kerr Middle School

Education Level: Middle
# of students: 1,258
# of teachers: 72

GreatSchools Rating

Kerr Middle School

Education Level: High
# of students: 1,258
# of teachers: 72

GreatSchools Rating

FINANCIALS

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$274,335$335,29900$304,817

PURCHASE PRICE

$1,827$2,23300$2,030

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$2,030
EXPENSES	Loan Payment	-$1,125
	Property Tax	-$731
	Property Insurance	-$184
	HOA	-$38
	Property Management Fees	-$99



CASH FLOW -$146

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$304,817

PROJECTED PRICE

$2,030

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.74%
Appreciation Year (1-5)	6.6%
Maintenance Year (1-5)	3.00%
Vacancy	6.69%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$82,777

Down Payment	$76,204
Rehab Estimate	$2,000
Closing Costs	$4,572

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,125

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$76,204
Loan Amount	$228,613

See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$4,657

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$2,030
LIST RENT
$0.75
LIST RENT PER SQFT

$1,982
COMP ESTIMATED VALUE
$0.73
COMP AVG. RENT PER SQFT

Comps Range

$1,695

1$1,6952$1,7503$1,8954$2,030

$2,030

RENT COMPS ANALYSIS

2,715
PROPERTY SQFT
$0.73
AVG RENT PER SQFT
$1,982
ESTIMATED VALUE
$2,030
LIST RENT

241 Allegheny Drive Burleson, TX 2

4 beds 3 baths ∙ 2,715 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,715 Sqft ∙ Built 2020
Price

Price Per SQFT

$304,817

$112.27
321 Hidden Knoll Drive Burleson, TX 1

4 beds 3 baths ∙ 2,723 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 2007
SOLD 10/23/20
Price

Price Per SQFT

$289,900

$106.46
769 Valley Ridge Road Burleson, TX 3

4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2018
SOLD 10/21/20
Price

Price Per SQFT

$321,900

$116.46
1105 Rushmore Drive Burleson, TX 4

4 beds 3 baths ∙ 2,675 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,675 Sqft ∙ Built 2020
SOLD 09/08/20
Price

Price Per SQFT

$329,990

$123.36
1124 Bear Oak Drive Burleson, TX 5

4 beds 3 baths ∙ 2,757 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,757 Sqft ∙ Built 2020
SOLD 06/19/20
Price

Price Per SQFT

$336,335

$121.99

241 Allegheny Drive Burleson, TX 4

4 beds 3 baths ∙ 2,715 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,715 Sqft ∙ Built 2020
Rent

Rent Per SQFT

$2,030

$0.75
408 Hidden Trail Court Burleson, TX 1

4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2004
LEASED 01/02/20
Rent

Rent Per SQFT

$1,695

$0.67
411 Hidden Ridge Drive Burleson, TX 2

3 beds 2 baths ∙ 2,385 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,385 Sqft ∙ Built 2003
LEASED 01/21/20
Rent

Rent Per SQFT

$1,750

$0.73
1008 Hidden Lake Drive Burleson, TX 3

4 beds 2 baths ∙ 2,385 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,385 Sqft ∙ Built 2003
LEASED 08/03/19
Rent

Rent Per SQFT

$1,895

$0.79

PROPERTY LISTING DETAILS

Ben Caballero
Homesusa.com

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462226
Last Updated: 10/29/2020

241 Allegheny Drive Burleson, TX 76028

$304,817

$2,030

$82,777

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Norwood Elementary School

Kerr Middle School

Kerr Middle School

FINANCIALS

$274,335$335,29900$304,817

$1,827$2,23300$2,030

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$304,817

$2,030

0.67%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,125

1.92

$4,657

$304,817

$112.27

$317,838

$117.07

COMPS RANGE

PRICE COMPS ANALYSIS

$2,030

$0.75

$1,982

$0.73

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS