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

4007 Bandera Drive De Cordova, TX 76049

3 Beds 3 Baths 2,641 sqft Built 1986

$321,500

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $121.73
  • 3 Days on Market
  • MLS # : 14470204
  • Updated Date : 11/13/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,641 sqft
  • Baths : 3 full
Listing Agent

Jp And Associates Keller

Listing Agent's Description

Three bedroom, three bath home in De Cordova Bend Estates. Two car garage with separate golf cart garage. Interior has been repainted and new carpet. New glass shower enclosure in master bath. Bonus room upstairs includes full bath. Currently used as fourth bedroom. Bring your clubs to De Cordova Bend Estates golf community. Great Golfing community with boat docks, pool, tennis courts and club house.

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

Zip Code: 76049

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $96k250k

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

Zip Code: 76049

ZipNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

* 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
Acton Elementary School Primary Regular 727 40 6
Acton Middle School Middle Regular 821 48 6
Granbury High School High Regular 1,414 115 6

Acton Elementary School

  • Education Level: Primary
  • # of students: 727
  • # of teachers: 40
6
GreatSchools Rating

Acton Middle School

  • Education Level: Middle
  • # of students: 821
  • # of teachers: 48
6
GreatSchools Rating

Granbury High School

  • Education Level: High
  • # of students: 1,414
  • # of teachers: 115
6
GreatSchools Rating
 

$289,350$353,650$321,500

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,186
Property Tax -$436
Property Insurance -$180
HOA -$166
Property Management Fees -$99
CASH FLOW
-$17

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.

$321,500

PROJECTED PRICE

$2,050

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.8%
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-$4.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,948

INVESTMENT

$90,948

Down Payment
$80,375
Rehab Estimate
$5,750
Closing Costs
$4,823

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,186

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,375
Loan Amount $241,125
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$16,782

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,417

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1003$2,200
$2,200
RENT COMPS ANALYSIS
  • 4007 Bandera Drive De Cordova, TX 1
    • 3 beds 3 baths ∙ 2,641 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,641 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.78
    •  
  • 3706 Lake Vista Court Granbury, TX 2
    • 3 beds 2 baths ∙ 2,363 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,363 Sqft ∙ Built 1988
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
  • 3300 Bob White Drive Granbury, TX 3
    • 3 beds 2 baths ∙ 2,350 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,350 Sqft ∙ Built 1999
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.94
    •  
PROPERTY LISTING DETAILS
David Craddock
Jp And Associates Keller
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470204
Last Updated: 11/13/2020
BESbswy