Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3209 Creighton Lane Bedford, TX 76021

4 Beds 3 Baths 2,752 sqft Built 1985

INVESTimate

$449,900

List Price

$2,510

$2,260 - $2,760

Rent Est.

$487,557  ( +8.37%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $163.48
  • 6 Days on Market
  • MLS # : 14417960
  • Updated Date : 08/21/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,752 sqft
  • Baths : 3 full
Listing Agent

Carla Trimber Realty Partners

Listing Agent's Description

Welcome Home!! Come check out this beautiful home that sits in the highly sought after Wendover neighborhood. This home features engineered hardwoods throughout, stainless steel appliances, large master bedroom, dual master vanities, his and her master walk in closets, beautiful stained glass windows, large walk in closets in all of the bedrooms, and so much more. Come check out the beautiful large Oak trees that shade the large private backyard that is perfect for relaxing reading a book or playing with the kids!

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: 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
Bedford Heights Elementary School Primary Regular 766 42 8
Bedford Heights Elementary School Middle Regular 766 42 8
Bedford Junior High School High Regular 834 49 8

Bedford Heights Elementary School

  • Education Level: Primary
  • # of students: 766
  • # of teachers: 42
8
GreatSchools Rating

Bedford Heights Elementary School

  • Education Level: Middle
  • # of students: 766
  • # of teachers: 42
8
GreatSchools Rating

Bedford Junior High School

  • Education Level: High
  • # of students: 834
  • # of teachers: 49
8
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

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-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$1,660
Property Tax -$911
Property Insurance -$186
HOA -$33
Property Management Fees -$99
CASH FLOW
-$379

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.

$449,900

PROJECTED PRICE

$2,510

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.37%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,627

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,669

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,5003$2,5104$2,6505$2,795
$2,795
RENT COMPS ANALYSIS
  • 3209 Creighton Lane Bedford, TX 3
    • 4 beds 3 baths ∙ 2,752 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,752 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $0.91
    •  
  • 2221 Lakeview Drive Bedford, TX 1
    • 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 1977
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.95
    •  
  • 1201 Oakgrove Lane Bedford, TX 2
    • 3 beds 3 baths ∙ 2,547 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,547 Sqft ∙ Built 1988
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
  • 1208 Hillandale Court Bedford, TX 4
    • 4 beds 4 baths ∙ 2,859 Sqft ∙ Built 1989 4 beds 4 baths ∙ 2,859 Sqft ∙ Built 1989
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.93
    •  
  • 2040 Oakmeadow Court Bedford, TX 5
    • 4 beds 2 baths ∙ 2,744 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,744 Sqft ∙ Built 1981
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.02
    •  
PROPERTY LISTING DETAILS
Jeremy Scott
Carla Trimber Realty Partners
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417960
Last Updated: 08/21/2020
BESbswy