Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4001 Liberty Trail Heartland, TX 75126

3 Beds 2 Baths 1,885 sqft Built 2006

$224,999

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $119.36
  • 5 Days on Market
  • MLS # : 14522892
  • Updated Date : 03/01/2021 at 10:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,885 sqft
  • Baths : 2 full
Listing Agent

Texas Urban Living Realty

Listing Agent's Description

Adorable, Maintained Home Located in Heartland Trails. Boasts of Rich laminate wood flooring in the entry, extending into the Study, Family Rm, Kitchen & Master. Open floor plan is perfect for family gatherings and entertaining. Eat-in kitchen with Porcelain Farm House sink, Oil Rubbed Bronze Faucet, Tons of cabinets and counter space. Master with updated bath with shower and walk-in closet! Heartland’s amenities include, 400 acres of parks-picnic areas, 35-acre stocked lake, hike-bike trails. Heartland Park offers 3 pools, bball court, soccer fields. Amenity center features two 30 ft. waterslides, 3 pools, a 5000sf event center, 6000sf fitness center, splash pad, playground, outdoor game rm, and snack bar.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Heartland

NeighborhoodNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240kPrice in $122k243k

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

Neighborhood: Heartland

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800Rent in $11261873

* 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
Barbara Walker Elementary School Primary Regular 585 33 4
Crandall Middle School Middle Regular 746 47 5
Crandall High School High Regular 921 52 5

Barbara Walker Elementary School

  • Education Level: Primary
  • # of students: 585
  • # of teachers: 33
4
GreatSchools Rating

Crandall Middle School

  • Education Level: Middle
  • # of students: 746
  • # of teachers: 47
5
GreatSchools Rating

Crandall High School

  • Education Level: High
  • # of students: 921
  • # of teachers: 52
5
GreatSchools Rating
 

$202,499$247,499$224,999

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$782
Property Tax -$628
Property Insurance -$136
HOA -$33
Property Management Fees -$99
CASH FLOW
$22

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.

$224,999

PROJECTED PRICE

$1,700

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.7%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,749
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$9,465

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,720

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6503$1,6754$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 4001 Liberty Trail Heartland, TX 5
    • 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.90
    •  
  • 1510 Warrington Forney, TX 1
    • 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 2002
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.91
    •  
  • 4016 Red Rock Drive Heartland, TX 2
    • 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 2006
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
  • 2029 River Heartland, TX 3
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 2009
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.90
    •  
  • 4022 Heavenly Way Heartland, TX 4
    • 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 2007
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
PROPERTY LISTING DETAILS
Nicole Stotts
Texas Urban Living Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522892
Last Updated: 03/01/2021
BESbswy