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3816 Pinewood Street Bedford, TX 76021

3 Beds 2 Baths 1,745 sqft Built 1981

$250,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $143.27
  • 2 Days on Market
  • MLS # : 14501225
  • Updated Date : 01/16/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,745 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Adorable, well maintained one story home centrally located in DFW. Open living and kitchen with breakfast bar, vaulted ceilings with stained beams and wainscoting. Beautiful wood laminate flooring in main living areas, wood burning fireplace and bar. Separate dining that could be used for home office. Separate bedrooms with primary bedroom tucked away for privacy with walk in closet and updated bath. Oversized lot that offers not one but two storage buildings, one on a concrete pad. Perfect for storing all of your tools and Christmas items. Backyard features covered patio with mature trees. This home has some handicap features. Per owner, HVAC and water heater both updated.

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: Whisperwood

NeighborhoodNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240k250k260kPrice in $122k265k

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

Neighborhood: Whisperwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10621881

* 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
Midway Park Elementary School Primary Regular 701 41 7
Harwood Junior High School Middle Regular 998 57 8
Harwood Junior High School High Regular 998 57 8

Midway Park Elementary School

  • Education Level: Primary
  • # of students: 701
  • # of teachers: 41
7
GreatSchools Rating

Harwood Junior High School

  • Education Level: Middle
  • # of students: 998
  • # of teachers: 57
8
GreatSchools Rating

Harwood Junior High School

  • Education Level: High
  • # of students: 998
  • # of teachers: 57
8
GreatSchools Rating
 

$225,000$275,000$250,000

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 -$868
Property Tax -$506
Property Insurance -$126
Property Management Fees -$99
CASH FLOW
$130

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.

$250,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 12.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$22,044

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
  • $1.01

    LIST RENT PER SQFT
  • $1,720

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,7304$1,7755$1,800
$1,800
RENT COMPS ANALYSIS
  • 3816 Pinewood Street Bedford, TX 3
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.01
    •  
  • 3824 Hackberry Lane Bedford, TX 1
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1981
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
  • 3737 Hackberry Lane Bedford, TX 2
    • 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1980
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
  • 3816 Aspenwood Drive Bedford, TX 4
    • 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 1979
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.99
    •  
  • 3801 Hackberry Lane Bedford, TX 5
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1980
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.06
    •  
PROPERTY LISTING DETAILS
Keri Emery
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14501225
Last Updated: 01/16/2021
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