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308 Hudson Court Kennedale, TX 76060

4 Beds 3 Baths 2,787 sqft Built 2018

$399,999

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $143.52
  • 4 Days on Market
  • MLS # : 14520626
  • Updated Date : 02/27/2021 at 10:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,787 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

This beautiful home is situated on a cul de sac and shows like a model. Upgrades abound with wood floors, custom cabinetry, decorative lighting, 5 in baseboards, a 3 car garage, & more. The kitchen is in the heart of the home and features an abundance of cabinet and counter space to bring out the culinary artist in you. The living space is Texas size and perfect for large gatherings. The secondary bedrooms are extra large and provide plenty of space for rest or play. For those that work from home, the study has french doors for additional privacy. There are numerous places to sit and enjoy the outdoors with a covered front porch, a balcony off the game room, and spacious back patio. This one is a rare find!

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: 76060

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260kPrice in $122k275k

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

Zip Code: 76060

ZipNIR Market*CityMarket2010Year20002019 Q211501200125013001350140014501500155016001650170017501800Rent in $11261824

* 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
Kennedale Junior High School Middle Unknown NA
Kennedale High School High Regular 993 60 5
Kennedale High School High Unknown NA

Kennedale Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Kennedale High School

  • Education Level: High
  • # of students: 993
  • # of teachers: 60
5
GreatSchools Rating

Kennedale High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$359,999$439,999$399,999

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,389
Property Tax -$924
Property Insurance -$188
HOA -$83
Property Management Fees -$99
CASH FLOW
-$374

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.

$399,999

PROJECTED PRICE

$2,310

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.0%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $299,999
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$609

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,313

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2003$2,2004$2,3105$2,400
$2,400
RENT COMPS ANALYSIS
  • 308 Hudson Court Kennedale, TX 4
    • 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $0.83
    •  
  • 310 Pennsylvania Avenue Kennedale, TX 1
    • 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 2003
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.79
    •  
  • 7801 Island View Drive Arlington, TX 2
    • 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 2005
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.89
    •  
  • 4800 Pier Nine Drive Arlington, TX 3
    • 3 beds 3 baths ∙ 2,911 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,911 Sqft ∙ Built 2002
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.76
    •  
  • 4621 Enchanted Isle Court Arlington, TX 5
    • 5 beds 3 baths ∙ 2,730 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,730 Sqft ∙ Built 2005
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
PROPERTY LISTING DETAILS
Lori Vaden
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14520626
Last Updated: 02/27/2021
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