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3724 Windsong Lane Bedford, TX 76021

4 Beds 3 Baths 2,212 sqft Built 1983

$300,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $135.62
  • 2 Days on Market
  • MLS # : 14511576
  • Updated Date : 02/06/2021 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,212 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathawayhs Worldwide

Listing Agent's Description

*****OPEN HOUSE****Sunday Feb 7 from 2pm-4pm***** Located on the Bedford-Colleyville border! This is an excellent location with 4 bedrooms, two living areas, 2 dining areas, a covered patio, and freshly installed lawn sod! Easy access to all freeways to take you anywhere in DFW plus shopping, restaurants, and community activities, and DFW airport are within easy reach. These properties do not come up very often, so schedule a viewing soon!

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: Cross Timbers

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Cross Timbers

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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,042
Property Tax -$607
Property Insurance -$155
Property Management Fees -$99
CASH FLOW
$77

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.

$300,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.66%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$19,150

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,157

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9003$1,9304$1,9805$2,000
$2,000
RENT COMPS ANALYSIS
  • 3724 Windsong Lane Bedford, TX 4
    • 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.90
    •  
  • 3604 Teal Lane Bedford, TX 1
    • 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1984
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
  • 3005 Pecan Circle Bedford, TX 2
    • 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 1977
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.94
    •  
  • 2908 Pecan Circle Bedford, TX 3
    • 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1977
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.03
    •  
  • 3024 Meandering Way Bedford, TX 5
    • 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1977
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
PROPERTY LISTING DETAILS
Mike Ziober
Berkshire Hathawayhs Worldwide
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14511576
Last Updated: 02/06/2021
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