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3208 Crystal Springs Bedford, TX 76021

3 Beds 2 Baths 1,652 sqft Built 1982

$270,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $163.44
  • 4 Days on Market
  • MLS # : 14515396
  • Updated Date : 02/13/2021 at 12:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,652 sqft
  • Baths : 2 full
Listing Agent

The Wall Team Realty Assoc

Listing Agent's Description

LIGHT and BRIGHT 3 bedroom home nestled in the Oak Ridge Estates subdivision. Centrally located minutes away from hwy 121, Glade Parks shopping and dining, and DFW International Airport. Welcoming outdoor entry leading to an open floor plan layout. Large living area hosts vaulted ceilings and a decorative brick fireplace. The kitchen features a sitting ledge, updated appliances, dual sink, and an abundance of cabinet space. Carpet replaced in 2019! Backyard has plenty of grassy area to play and has an open patio great for entertaining guests. This is a 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

Neighborhood: Oak Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Oak Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10932171

* 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
Trinity High School High Regular 2,416 136 7

Trinity High School

  • Education Level: High
  • # of students: 2,416
  • # of teachers: 136
7
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$938
Property Tax -$547
Property Insurance -$123
Property Management Fees -$99
CASH FLOW
$44

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.

$270,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$15,434

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,747

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,599
1$1,5992$1,7503$1,8004$1,8255$1,935
$1,935
RENT COMPS ANALYSIS
  • 3208 Crystal Springs Bedford, TX 2
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.06
    •  
  • 3256 Sapphire Street Bedford, TX 1
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1983
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.00
    •  
  • 3205 Princess Street Bedford, TX 3
    • 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1979
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.07
    •  
  • 3117 Teakwood Drive Bedford, TX 4
    • 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1982
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.08
    •  
  • 3520 Ridge Haven Circle Bedford, TX 5
    • 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 1983
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,935
    • $1.08
    •  
PROPERTY LISTING DETAILS
Laurie Wall
The Wall Team Realty Assoc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14515396
Last Updated: 02/13/2021
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