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2737 Buffalo Run Burleson, TX 76028

4 Beds 3 Baths 2,535 sqft Built 2015

$349,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $137.67
  • 3 Days on Market
  • MLS # : 14513589
  • Updated Date : 02/05/2021 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,535 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams-johnson County

Listing Agent's Description

This 4 bdr,3.5 bath,3 car garage has it all.The downstairs features a separate office,which could be used as a formal dining.The living room and kitchen open concept is great for entertaining.The living room includes fresh paint,plantation shutters,laminate flooring installed within the last year.The wood burning fireplace features a new wood mantle.The kitchen features an island,plenty of counterspace,cabinets.The cabinets were professionally painted and a new dishwasher was installed within the last year.The master suite located downstairs has a tub,separate shower,large walk in closet.The upstairs has 3 bdr,plenty of closet storage,2nd living room.Garage is plumbed for gas.Covered patio for entertaining.

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

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
Joshua Ninth Grade Campus High Regular 391 29 7
Joshua High School High Regular 995 75 5

Joshua Ninth Grade Campus

  • Education Level: High
  • # of students: 391
  • # of teachers: 29
7
GreatSchools Rating

Joshua High School

  • Education Level: High
  • # of students: 995
  • # of teachers: 75
5
GreatSchools Rating
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,212
Property Tax -$837
Property Insurance -$174
HOA -$21
Property Management Fees -$99
CASH FLOW
-$212

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.

$349,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.61%

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-$8.0k-$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$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,780

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,015

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,845
1$1,8452$1,8953$2,1304$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 2737 Buffalo Run Burleson, TX 3
    • 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.84
    •  
  • 3012 Shoreline Drive Burleson, TX 1
    • 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 2002
    property image
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.75
    •  
  • 2536 Briarcrest Drive Burleson, TX 2
    • 3 beds 2 baths ∙ 2,477 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,477 Sqft ∙ Built 2000
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.77
    •  
  • 336 Tioga Street Burleson, TX 4
    • 5 beds 3 baths ∙ 2,646 Sqft ∙ Built 2009 5 beds 3 baths ∙ 2,646 Sqft ∙ Built 2009
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
  • 1817 Colorado Court Burleson, TX 5
    • 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2006
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
PROPERTY LISTING DETAILS
Nikki Tatum
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 #: 14513589
Last Updated: 02/05/2021
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