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3500 Huntington Lane Bedford, TX 76021

5 Beds 3 Baths 3,150 sqft Built 1984

$535,000

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $169.84
  • 1 Days on Market
  • MLS # : 14524073
  • Updated Date : 03/06/2021 at 22:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,150 sqft
  • Baths : 3 full
Listing Agent

Fraser Realty

Listing Agent's Description

This one-owner home on a cul-de-sac in the heart of Bedford has it all! Downstairs includes 3 bed, 2 bath, 2 living, 2 dining and upstairs offers 2 large bedrooms, a bath and loft area. The kitchen features custom cabinetry, an island and opens to the family room. Updated master bathroom with a walk-in shower, garden tub and huge closet. The backyard oasis includes a pool, bar, cabana, 2 water features and a koi pond. This Glenbrook gem goes all out for holiday events, perfect for family and friends.

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: Glenbrook

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k355k

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

Neighborhood: Glenbrook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10932500

* 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
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$1,858
Property Tax -$1,083
Property Insurance -$209
HOA -$20
Property Management Fees -$99
CASH FLOW
-$350

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.

$535,000

PROJECTED PRICE

$2,920

PROJECTED RENT

0.55%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,250

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $3,381

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,920
1$2,9202$2,9953$3,0954$3,195
$3,195
RENT COMPS ANALYSIS
  • 3500 Huntington Lane Bedford, TX 1
    • 5 beds 3 baths ∙ 3,150 Sqft ∙ Built 1984 5 beds 3 baths ∙ 3,150 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $0.93
    •  
  • 4708 Patterson Lane Colleyville, TX 2
    • 4 beds 2 baths ∙ 2,804 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,804 Sqft ∙ Built 2002
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.07
    •  
  • 1700 Wimbleton Drive Bedford, TX 3
    • 4 beds 3 baths ∙ 2,947 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,947 Sqft ∙ Built 1978
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $1.05
    •  
  • 3820 Wimbleton Court Bedford, TX 4
    • 4 beds 3 baths ∙ 2,915 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,915 Sqft ∙ Built 1978
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.10
    •  
PROPERTY LISTING DETAILS
Jenna Zagala
Fraser Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14524073
Last Updated: 03/06/2021
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