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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $130.84
- 2 Days on Market
- MLS # : 14495344
- Updated Date : 01/09/2021 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,484 sqft
- Baths : 3 full
Listing Agent
Living Waters Realty Of Texas
Listing Agent's Description
Fantastic Rustic Bloomfield Home, constructed with stone & all brick. This popular floor plan is open, light & bright with lot's of windows. This spotless home features tile wood-like flooring and lush carpet. The lg kitchen features granite countertops on a lg island & breakfast bar, double butlers pantry for extra serving space & storage; kitchen also features a spacious walk in pantry. The split bedrooms give private entrance to the spacious master suite from the other two bedrooms & bath on 1st floor. Game room, 1 bedroom & a full bath are located upstairs. The formal dining is being used as a playroom or can also be used as a study. Cov. back porch & nice large yard with wooden play set transfer with sale.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Shannon Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Shannon Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,980 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$779 | |
| Property Insurance | -$171 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$198
|
||
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.
$325,000
PROJECTED PRICE
$1,980
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
1.42
YEARS SAVED
$2,669
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,980
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,099
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
409 Hudson Lane Burleson, TX 1
- 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 2015
![property image]()
- Rent
- Rent Per SQFT
- $1,980
- $0.80
-
300 Hudson Lane Burleson, TX 2
- 5 beds 3 baths ∙ 2,655 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,655 Sqft ∙ Built 2007
![property image]()
LEASED 01/21/20- Rent
- Rent Per SQFT
- $2,200
- $0.83
-
336 Tioga Street Burleson, TX 3
- 5 beds 3 baths ∙ 2,646 Sqft ∙ Built 2009 5 beds 3 baths ∙ 2,646 Sqft ∙ Built 2009
![property image]()
LEASED 02/18/20- Rent
- Rent Per SQFT
- $2,200
- $0.83
-
309 Hudson Lane Burleson, TX 4
- 5 beds 3 baths ∙ 2,548 Sqft ∙ Built 2010 5 beds 3 baths ∙ 2,548 Sqft ∙ Built 2010
![property image]()
LEASED 06/06/20- Rent
- Rent Per SQFT
- $2,200
- $0.86
-
1804 Colorado Court Burleson, TX 5
- 5 beds 3 baths ∙ 2,674 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,674 Sqft ∙ Built 2006
![property image]()
LEASED 05/23/20- Rent
- Rent Per SQFT
- $2,300
- $0.86
PROPERTY LISTING DETAILS
Living Waters Realty Of Texas
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14495344
Last Updated: 01/09/2021
