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

259 Tinker Trail Burleson, TX 76028

3 Beds 2 Baths 2,191 sqft Built 2015

$379,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $173.39
  • 4 Days on Market
  • MLS # : 14464411
  • Updated Date : 11/06/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,191 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Love Heritage Village but need more space? This gorgeous 3 bedroom, 2 bath, home with extended 2 car garage (featuring built in cabinets with work space) is what you've been looking for! With 2191sqft of living space you can entertain family and friends in the large dining, living, and at the granite kitchen bar top. When the weather is nice, enjoy the day on your covered front porch, covered extended back porch, or walk the trails to Bailey Lake...trail entrance is just 3 doors down and you're also walking distance to Old Town! This home boasts tons of storage space, including beautiful built ins, and huge walk in closets in every room and under the stairs. Too many builder upgrades to list! Must see!!!

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
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
3
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
 

$341,910$417,890$379,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,402
Property Tax -$911
Property Insurance -$154
Property Management Fees -$99
CASH FLOW
-$915

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.

$379,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.43%

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$1.2M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$102

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,654

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7453$1,7504$1,7955$1,895
$1,895
RENT COMPS ANALYSIS
  • 259 Tinker Trail Burleson, TX 1
    • 3 beds 2 baths ∙ 2,191 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,191 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.75
    •  
  • 935 Hidden Oaks Drive Burleson, TX 2
    • 3 beds 2 baths ∙ 2,355 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,355 Sqft ∙ Built 2003
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.74
    •  
  • 411 Hidden Ridge Drive Burleson, TX 3
    • 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
    •  
  • 920 Hidden Oaks Drive Burleson, TX 4
    • 3 beds 2 baths ∙ 2,360 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,360 Sqft ∙ Built 2004
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.76
    •  
  • 1008 Hidden Lake Drive Burleson, TX 5
    • 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
Heather Lyon
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464411
Last Updated: 11/06/2020
BESbswy