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333 Shane Lane Burleson, TX 76028

5 Beds 4 Baths 3,088 sqft Built 2000

INVESTimate

$299,000

List Price

$2,040

$1,836 - $2,244

Rent Est.

$321,246  ( +7.44%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $96.83
  • 3 Days on Market
  • MLS # : 14416483
  • Updated Date : 08/24/2020 at 08:22
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,088 sqft
  • Baths : 3 full , 1 half
Listing Agent

Angela D. Tolliver, Broker

Listing Agent's Description

A rare find in Murray Meadows! Gorgeous inside & out! Meticulously maintained home has lg bdrms, spacious walk-in closets, abundant cabinets & closets incl under stairs. Crown molding, huge kitchen with rich, wood cabinetry, granite & SS appliances. Special features include pull out garbage bin, slide out shelves. New flooring in several rooms. Carpeted stairs reduce noise. Master bath has jetted garden tub. Huge loft area is a great game room or second living room. 2 spacious full baths upstairs-both with dual sinks. HUGE backyard has shed w electricity as well as a greenhouse! Blooming shrubs, magnolias & other trees lend a park-like feel to the yard. Don't miss this fabulous home! Features in supplements.

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: Murray Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $119k258k

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

Neighborhood: Murray Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

* 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
Jack Taylor Elementary School Primary Regular 492 33 5
Hughes Middle School Middle Regular 1,200 71 5
Burleson High School High Regular 1,583 101 7

Jack Taylor Elementary School

  • Education Level: Primary
  • # of students: 492
  • # of teachers: 33
5
GreatSchools Rating

Hughes Middle School

  • Education Level: Middle
  • # of students: 1,200
  • # of teachers: 71
5
GreatSchools Rating

Burleson High School

  • Education Level: High
  • # of students: 1,583
  • # of teachers: 101
7
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,103
Property Tax -$747
Property Insurance -$208
HOA -$5
Property Management Fees -$99
CASH FLOW
-$123

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.

$299,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.44%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,027

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,997

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$2,0404$2,0505$2,295
$2,295
RENT COMPS ANALYSIS
  • 333 Shane Lane Burleson, TX 3
    • 5 beds 4 baths ∙ 3,132 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,132 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.65
    •  
  • 1331 Foxglove Lane Burleson, TX 1
    • 4 beds 3 baths ∙ 2,945 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,945 Sqft ∙ Built 2014
    property image
    LEASED 05/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.63
    •  
  • 1424 Anna Lea Lane Burleson, TX 2
    • 4 beds 3 baths ∙ 3,285 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,285 Sqft ∙ Built 2003
    property image
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.58
    •  
  • 12528 Panorama Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 3,028 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,028 Sqft ∙ Built 2007
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.68
    •  
  • 1016 Sycamore Street Burleson, TX 5
    • 5 beds 3 baths ∙ 3,464 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,464 Sqft ∙ Built 2005
    property image
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.66
    •  
PROPERTY LISTING DETAILS
Angela Tolliver
Angela D. Tolliver, Broker
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416483
Last Updated: 08/24/2020
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