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

2521 E Renfro Street Burleson, TX 76028

3 Beds 3 Baths 1,960 sqft Built 9999

$324,900

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 9999
  • Price/Sqft : $165.77
  • 8 Days on Market
  • MLS # : 14519977
  • Updated Date : 02/27/2021 at 16:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,960 sqft
  • Baths : 3 full
Listing Agent

Keller Williams-johnson County

Listing Agent's Description

Looking for country living with a modern twist? You've found it! This home is 100% MOVE IN READY!! completely rehabbed 3 bedroom 3 bath, That's right! this home features TWO MASTER Suites! with added on brand new laundry room in home. All new stainless steel appliances, New cabinets with beautiful granite countertops as well as on the oversized island giving you all the counter space needed for entertaining. Let's not forget home is on 1 full acre outside of city limits, yet you're only 7 minutes away from Old Town Burleson and 20 minutes from Downtown Fort Worth. No need to look any further this is the home you've been searching for!

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: 76028

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $119k258k

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

Zip Code: 76028

ZipNIR 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
William Stribling Elementary School Primary Regular 413 25 6
Kerr Middle School Middle Regular 1,258 72 5
Kerr Middle School High Regular 1,258 72 5

William Stribling Elementary School

  • Education Level: Primary
  • # of students: 413
  • # of teachers: 25
6
GreatSchools Rating

Kerr Middle School

  • Education Level: Middle
  • # of students: 1,258
  • # of teachers: 72
5
GreatSchools Rating

Kerr Middle School

  • Education Level: High
  • # of students: 1,258
  • # of teachers: 72
5
GreatSchools Rating
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,129
Property Tax -$779
Property Insurance -$140
Property Management Fees -$99
CASH FLOW
-$197

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.

$324,900

PROJECTED PRICE

$1,950

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.4%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,800

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,195

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9503$1,995
$1,995
RENT COMPS ANALYSIS
  • 2521 E Renfro Street Burleson, TX 2
    • 3 beds 3 baths ∙ 1,960 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,960 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.99
    •  
  • 317 Tumbling Trail Burleson, TX 1
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1983
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.09
    •  
  • 201 Live Oak Lane Burleson, TX 3
    • 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 1985
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.15
    •  
PROPERTY LISTING DETAILS
Dennys Gonzalez
Keller Williams-johnson County
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14519977
Last Updated: 02/27/2021
BESbswy