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409 Hudson Lane Burleson, TX 76028

4 Beds 3 Baths 2,484 sqft Built 2015

$325,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • # 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

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k332k

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

Neighborhood: Shannon Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000Rent in $11262080

* 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
Clinkscale Elementary School Primary Regular 589 37 7
Hughes Middle School Middle Regular 1,200 71 5
Burleson High School High Regular 1,583 101 7

Clinkscale Elementary School

  • Education Level: Primary
  • # of students: 589
  • # of teachers: 37
7
GreatSchools Rating

Hughes Middle School

  • Education Level: Middle
  • # of students: 1,200
  • # of teachers: 71
5
GreatSchools Rating

Burleson High School

  • Education Level: High
  • # of students: 1,583
  • # of teachers: 101
7
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

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
$1,980
1$1,9802$2,2003$2,2004$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 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
Anita Lusk
Living Waters Realty Of Texas
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495344
Last Updated: 01/09/2021
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