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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $156.73
- 2 Days on Market
- MLS # : 14519827
- Updated Date : 02/20/2021 at 09:43
CONSTRUCTION
- Beds : 4
- Floor Size : 2,265 sqft
- Baths : 2 full , 1 half
Listing Agent
Black Jack Realty
Listing Agent's Description
Welcome to Rustic Woods, in the HEB ISD. As you enter the home you are invited by high ceiling, lots of natural light into a large living area and formal dining. As you enter the kitchen you are invited by the granite counter tops looking out into the back yard. The eat in kitchen is adjacent to the Family room, with its gas burning fireplace. As you walk up the tiered stairwell you the balcony overlooks downstairs. All bedrooms are on the second floor allowing for all loved ones to be near. The master bedroom features a see through wood burning fireplace. Restaurants and Shopping just 5 minutes away and 15 minutes to DFW airport. Book Now!
SEE MORE
- 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: Rustic Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rustic Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,120 |
| EXPENSES | Loan Payment | -$1,233 |
| Property Tax | -$719 | |
| Property Insurance | -$158 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$89
|
||
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.
$355,000
PROJECTED PRICE
$2,120
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$99,825
LOAN DETAILS
$1,233
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $88,750 |
| Loan Amount | $266,250 |
3.25
YEARS SAVED
$9,823
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,120
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$2,112
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
3804 Periwinkle Street Bedford, TX 2
- 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $2,120
- $0.94
-
901 Forest Trail Court Euless, TX 1
- 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 1981
LEASED 01/14/21- Rent
- Rent Per SQFT
- $1,995
- $0.90
-
3300 Paint Brush Lane Bedford, TX 3
- 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 1990
LEASED 03/21/20- Rent
- Rent Per SQFT
- $2,150
- $0.88
-
900 Tennison Drive Euless, TX 4
- 4 beds 3 baths ∙ 2,294 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,294 Sqft ∙ Built 1994
LEASED 06/26/20- Rent
- Rent Per SQFT
- $2,200
- $0.96
-
3132 Rustic Woods Drive Bedford, TX 5
- 5 beds 3 baths ∙ 2,434 Sqft ∙ Built 1987 5 beds 3 baths ∙ 2,434 Sqft ∙ Built 1987
LEASED 01/01/21- Rent
- Rent Per SQFT
- $2,399
- $0.99
PROPERTY LISTING DETAILS
Black Jack Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519827
Last Updated: 02/20/2021
