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3208 Ashland Drive Bedford, TX 76021

4 Beds 3 Baths 2,795 sqft Built 1984

$469,995

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $168.16
  • 1 Days on Market
  • MLS # : 14530316
  • Updated Date : 03/13/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,795 sqft
  • Baths : 3 full
Listing Agent

Fathom Realty Llc

Listing Agent's Description

Remarkable backyard oasis, newly resurfaced, salt wtr pool w fountains. Awesome Kitchen w SS appliances, 5 burner gas stove. Granite countertops in kit & baths. Kit eating area overlooks backyard. French doors open to a relaxing backyard paradise. Entertainers dream in elegant living & dining area w custom wood shutters & wet bar. Office or MIL suite w private bath on main floor. Huge master suite w ensuite, walk-in closet w custom built ins. 2 huge bedrms up w Jack and Jill bath. Walk in floored attic storage & cedar closet near entry, Extra pantry under stairway. Extra long gated driveway. Garage is xwide. You will love this beautiful home in a wonderful established neighborhood. Convenient to everything!

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: Wendover

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k415k

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

Neighborhood: Wendover

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10932539

* 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
L D. Bell High School High Regular 2,145 125 6
L D. Bell High School High Unknown NA

L D. Bell High School

  • Education Level: High
  • # of students: 2,145
  • # of teachers: 125
6
GreatSchools Rating

L D. Bell High School

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

$422,996$516,995$469,995

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$1,632
Property Tax -$951
Property Insurance -$189
HOA -$29
Property Management Fees -$99
CASH FLOW
-$161

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.

$469,995

PROJECTED PRICE

$2,740

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,299

INVESTMENT

$130,299

Down Payment
$117,499
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,499
Loan Amount $352,496
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$10,199

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,914

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7403$2,8504$3,0955$3,195
$3,195
RENT COMPS ANALYSIS
  • 3208 Ashland Drive Bedford, TX 2
    • 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $0.98
    •  
  • 1201 Oakgrove Lane Bedford, TX 1
    • 3 beds 3 baths ∙ 2,547 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,547 Sqft ∙ Built 1988
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
  • 2324 Oak Knoll Drive Colleyville, TX 3
    • 4 beds 4 baths ∙ 2,736 Sqft ∙ Built 1971 4 beds 4 baths ∙ 2,736 Sqft ∙ Built 1971
    property image
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.04
    •  
  • 1700 Wimbleton Drive Bedford, TX 4
    • 4 beds 3 baths ∙ 2,947 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,947 Sqft ∙ Built 1978
    property image
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $1.05
    •  
  • 3820 Wimbleton Court Bedford, TX 5
    • 4 beds 3 baths ∙ 2,915 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,915 Sqft ∙ Built 1978
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.10
    •  
PROPERTY LISTING DETAILS
Lynn Hamilton
Fathom Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14530316
Last Updated: 03/13/2021
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