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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $156.25
- 2 Days on Market
- MLS # : 14518528
- Updated Date : 02/20/2021 at 15:21
CONSTRUCTION
- Beds : 4
- Floor Size : 2,496 sqft
- Baths : 2 full , 1 half
Listing Agent
Ebby Halliday, Realtors
Listing Agent's Description
Hidden gem in the middle of DFW! This gorgeous single story 4 bedroom 2.5 bath home boasts tons of natural light and updates galore! Great for entertaining with two living areas. formal dining, and beautifully landscaped backyard with a POOL to cool off in the summer and two cozy fireplaces to keep you warm in the winter! Pride of ownership shows throughout! Updates in 2020: New furnace, AC, new roof, pool replastered, granite countertops & tile backsplash in kitchen. Perfect for working at home or conveniently located to work anywhere in the metroplex with easy access to 183 & 121. Minutes away from Grapevine, Southlake and DFW airport - the perfect home in the perfect location!
SEE MORE
- 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: Fox Glenn Estate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fox Glenn Estate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,510 |
| EXPENSES | Loan Payment | -$1,355 |
| Property Tax | -$790 | |
| Property Insurance | -$171 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$95
|
||
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.
$390,000
PROJECTED PRICE
$2,510
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$109,100
LOAN DETAILS
$1,355
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,500 |
| Loan Amount | $292,500 |
5.58
YEARS SAVED
$24,829
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,510
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$2,259
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
2541 Fox Glenn Circle Bedford, TX 5
- 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $2,510
- $1.01
-
2120 Oakmeadow Place Bedford, TX 1
- 4 beds 2 baths ∙ 2,330 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,330 Sqft ∙ Built 1981
LEASED 05/21/20- Rent
- Rent Per SQFT
- $1,900
- $0.82
-
1112 Clear View Drive Bedford, TX 2
- 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 1978
LEASED 04/18/20- Rent
- Rent Per SQFT
- $2,000
- $0.87
-
2325 Aberdeen Drive Bedford, TX 3
- 3 beds 2 baths ∙ 2,217 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,217 Sqft ∙ Built 1996
LEASED 11/20/19- Rent
- Rent Per SQFT
- $2,100
- $0.95
-
1201 Oakgrove Lane Bedford, TX 4
- 3 beds 3 baths ∙ 2,547 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,547 Sqft ∙ Built 1988
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,500
- $0.98
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14518528
Last Updated: 02/20/2021
