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3329 Timber View Circle Bedford, TX 76021

4 Beds 3 Baths 2,262 sqft Built 1987

$395,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $174.62
  • 3 Days on Market
  • MLS # : 14533981
  • Updated Date : 03/19/2021 at 03:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,262 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Light, Bright! On almost a half acre in highly sought after Timber View Estates in Bedford. Close to major highways, but with a small town feel. Spacious, with 2 living areas, 4 bedrooms, one large bedroom split, with its own bath, could make a great private office. Kitchen has beautiful granite, lots of counter space, with stainless steel appliances! Breakfast area opens to lovely living area with updated fireplace. Lots of windows open to huge backyard with lots of shade and a beautiful diving pool!. So much room for play, and very private. Perfect for entertaining - you'll never want to leave home!

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: Timber View Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Timber View Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10932421

* 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
 

$355,500$434,500$395,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,372
Property Tax -$800
Property Insurance -$158
Property Management Fees -$99
CASH FLOW
-$98

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.

$395,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.59%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$11,007

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,019

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9503$2,0004$2,0005$2,330
$2,330
RENT COMPS ANALYSIS
  • 3329 Timber View Circle Bedford, TX 5
    • 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $1.03
    •  
  • 625 Huntwich Drive Bedford, TX 1
    • 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 1980
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.92
    •  
  • 313 Shenandoah Court Bedford, TX 2
    • 4 beds 2 baths ∙ 2,189 Sqft ∙ Built 1982 4 beds 2 baths ∙ 2,189 Sqft ∙ Built 1982
    property image
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.89
    •  
  • 1112 Clear View Drive Bedford, TX 3
    • 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 1978
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 2909 Matterhorn Drive Bedford, TX 4
    • 3 beds 4 baths ∙ 2,247 Sqft ∙ Built 1986 3 beds 4 baths ∙ 2,247 Sqft ∙ Built 1986
    property image
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
PROPERTY LISTING DETAILS
Sandy Blundell
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14533981
Last Updated: 03/19/2021
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