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2708 Willow Creek Bedford, TX 76021

4 Beds 3 Baths 2,340 sqft Built 1994

$399,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $170.51
  • 2 Days on Market
  • MLS # : 14477995
  • Updated Date : 11/28/2020 at 19:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,340 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fathom Realty, Llc

Listing Agent's Description

You have an amazing opportunity to own this stunning ready to move-in home in the well sought after HEB neighborhood, located conveniently off highways 183 and 121! This home features an oversized dinning room with enough space to have a second living area, it has the owners suite located downstairs and has 3 spacious bedrooms located upstairs! You will also fall in love with the oversized backyard which is great for entertaining around the fire pit on the new flagstone patio, with family and friends! New high definition roof installed in 2019 and new gutters installed in 2019. Refrigerator, patio furniture and fire pit stays with the home! Come and see this amazing home before its gone!

SEE MORE

MARKET HIGHLIGHTS

  • 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: River Forest

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k350k

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

Neighborhood: River Forest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10932429

* 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
Meadow Creek Elementary School Primary Regular 766 44 9
Meadow Creek Elementary School Middle Regular 766 44 9
Harwood Junior High School High Regular 998 57 8

Meadow Creek Elementary School

  • Education Level: Primary
  • # of students: 766
  • # of teachers: 44
9
GreatSchools Rating

Meadow Creek Elementary School

  • Education Level: Middle
  • # of students: 766
  • # of teachers: 44
9
GreatSchools Rating

Harwood Junior High School

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

$359,100$438,900$399,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,472
Property Tax -$808
Property Insurance -$162
HOA -$25
Property Management Fees -$99
CASH FLOW
-$86

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.

$399,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.8%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$15,318

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,264

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0953$2,1004$2,3955$2,480
$2,480
RENT COMPS ANALYSIS
  • 2708 Willow Creek Bedford, TX 5
    • 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.06
    •  
  • 2516 Classic Court Bedford, TX 1
    • 3 beds 2 baths ∙ 2,047 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,047 Sqft ∙ Built 1989
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
  • 2344 Cherry Blossom Lane Bedford, TX 2
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 1979
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.95
    •  
  • 4000 Double Oak Drive Bedford, TX 3
    • 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2001
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
  • 3609 Silverio Trail Bedford, TX 4
    • 3 beds 3 baths ∙ 2,414 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,414 Sqft ∙ Built 2003
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.99
    •  
PROPERTY LISTING DETAILS
Jessica Colligan
Fathom Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477995
Last Updated: 11/28/2020
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