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3513 Sweet Wood Street Bedford, TX 76021

3 Beds 2 Baths 1,634 sqft Built 1980

$289,900

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $177.42
  • 3 Days on Market
  • MLS # : 14517215
  • Updated Date : 02/27/2021 at 00:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,634 sqft
  • Baths : 2 full
Listing Agent

Ultima Real Estate

Listing Agent's Description

Beautiful updated one-story Mid-Century style home in a highly sought after area. Spectacular high-vaulted ceiling in the living room with an inviting wood burning fireplace. Zero carpet with engineered wood throughout, popcorn removed, granite counters & tiles in baths, & kitchen has granite counters. Large master bedroom & bathroom with a large closet. Spacious laundry room with shelvings. Walk outside through the French doors to enjoy a cup of coffee every morning on a beautiful deck. Literally a mile from Glades Park shopping center, minutes away from restaurants including Texas Roadhouse, Taco Bell, & banking centers. Easy access to the highways and Hwy 121 is just right around the corner. DON'T MISS OUT!

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
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,007
Property Tax -$587
Property Insurance -$122
Property Management Fees -$99
CASH FLOW
-$84

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.

$289,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.60%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$7,530

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,728

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,599
1$1,5992$1,7303$1,8004$1,8255$1,935
$1,935
RENT COMPS ANALYSIS
  • 3513 Sweet Wood Street Bedford, TX 2
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $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
Julie Nguyen
Ultima Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517215
Last Updated: 02/27/2021
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