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2413 Avalon Court Bedford, TX 76021

4 Beds 4 Baths 2,741 sqft Built 2015

$410,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $149.58
  • 5 Days on Market
  • MLS # : 14475072
  • Updated Date : 12/02/2020 at 22:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,741 sqft
  • Baths : 3 full , 1 half
Listing Agent

Briggs Freeman Sotheby's Int'l

Listing Agent's Description

Lovely villa home conveniently located with easy access to Dallas, Fort Worth, and surrounding cities. The chef can enjoy cooking on the gas cooktop while visiting with guests and family in this open floorplan home. Crown molding adds a custom touch to main living area and master bedroom while the fireplace offers warmth and coziness. The low maintenance agreeable sized backyard offers entertaining and play space. Reap the benefits of this location by being minutes away from DFW Airport, local eateries, parks and so much more. Easy to

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Bedford

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $122k284k

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

Neighborhood: Bedford

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10092127

* 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
Shady Brook Elementary School Primary Regular 620 34 6
Harwood Junior High School Middle Regular 998 57 8
Harwood Junior High School High Regular 998 57 8

Shady Brook Elementary School

  • Education Level: Primary
  • # of students: 620
  • # of teachers: 34
6
GreatSchools Rating

Harwood Junior High School

  • Education Level: Middle
  • # of students: 998
  • # of teachers: 57
8
GreatSchools Rating

Harwood Junior High School

  • Education Level: High
  • # of students: 998
  • # of teachers: 57
8
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$1,513
Property Tax -$830
Property Insurance -$186
HOA -$42
Property Management Fees -$99
CASH FLOW
-$69

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.

$410,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.1%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,513

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$16,830

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,586

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,6004$2,895
$2,895
RENT COMPS ANALYSIS
  • 2413 Avalon Court Bedford, TX 3
    • 4 beds 4 baths ∙ 2,741 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,741 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.95
    •  
  • 1904 Long Bow Trail Euless, TX 1
    • 4 beds 3 baths ∙ 2,880 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,880 Sqft ∙ Built 2011
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.87
    •  
  • 2517 Serene Court Bedford, TX 2
    • 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2017
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.99
    •  
  • 4113 Parkview Court Bedford, TX 4
    • 4 beds 4 baths ∙ 2,993 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,993 Sqft ∙ Built 2002
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.97
    •  
PROPERTY LISTING DETAILS
Kimberly Bedwell
Briggs Freeman Sotheby's Int'l
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475072
Last Updated: 12/02/2020
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