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4003 Bendale Benbrook, TX 76116

4 Beds 2 Baths 2,061 sqft Built 2021

$303,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $147.45
  • 6 Days on Market
  • MLS # : 14529455
  • Updated Date : 03/12/2021 at 09:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,061 sqft
  • Baths : 2 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14529455 - Built by Sandlin Homes - June completion! ~ Beautiful Brimstone plan. Large open concept family and kitchen area. Easy commute to FW. Close to Clearfork and shopping! High end designer finishes throughout...

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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

Zip Code: 76116

ZipNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $88k425k

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

Zip Code: 76116

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$273,510$334,290$303,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,056
Property Tax -$655
Property Insurance -$146
Property Management Fees -$99
CASH FLOW
-$176

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$303,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
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

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$82,534

INVESTMENT

$82,534

Down Payment
$75,975
Rehab Estimate
$2,000
Closing Costs
$4,559

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,056

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,975
Loan Amount $227,925
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,848

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,738

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6753$1,7804$2,000
$2,000
RENT COMPS ANALYSIS
  • 4003 Bendale Benbrook, TX 3
    • 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2021 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.86
    •  
  • 3604 Chapin Court Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2004
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.89
    •  
  • 3721 Renzel Boulevard Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 2004
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.77
    •  
  • 8464 Arroyo Lane Benbrook, TX 4
    • 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 2006
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14529455
Last Updated: 03/12/2021
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