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4140 Danny Drive Kennedale, TX 76060

3 Beds 2 Baths 1,792 sqft Built 1993

$149,900

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $83.65
  • 6 Days on Market
  • MLS # : 14495727
  • Updated Date : 01/19/2021 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,792 sqft
  • Baths : 2 full
Listing Agent

Able Realty

Listing Agent's Description

WOW! OWNER FINANCING AVAILABLE ON THIS BEAUTIFUL 3 BEDROOM 2 BATH MOBILE PLUS 900 SQUARE FOOT APARTMENT WITH KITCHEN AND EXTRA BATH ON HALF ACRE! EXTRA LARGE AND LOVELY HOME WITH TWO LIVING AND TWO DINING! EXTRA NICE KITCHEN WITH PLENTY OF CABINETS AND BUILT IN APPLIANCES! BUILT IN MICROWAVE, ELECTRIC RANGE AND SIDE BY SIDE FRIDGE STAY! WASHER AND DRYER STAY! TWO LARGE LIVING AREAS INCLUDING LARGE DEN WITH FIREPLACE! BEAUTIFUL WRAP AROUND DECK ALL THE WAY AROUND HOUSE! HUGE COVERED BACK PORCH! TWO SHEDS! PRETTY, EXTRA LARGE HALF ACRE LOT! OWNER WILL CONSIDER FINANCING WITH $30k DOWN AND $1052.21 MONTHLY .EASY QUALIFY. NO CREDIT OKAY. VERY NICE AND READY FOR MOVE IN!

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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: 76060

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260kPrice in $122k275k

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

Zip Code: 76060

ZipNIR Market*CityMarket2010Year20002019 Q211501200125013001350140014501500155016001650170017501800Rent in $11261824

* 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
Nancy Neal Elementary School Primary Regular 432 30 10
Linda Jobe Middle School Middle Regular 809 53 8
Mansfield Legacy High School High Regular 1,945 103 6

Nancy Neal Elementary School

  • Education Level: Primary
  • # of students: 432
  • # of teachers: 30
10
GreatSchools Rating

Linda Jobe Middle School

  • Education Level: Middle
  • # of students: 809
  • # of teachers: 53
8
GreatSchools Rating

Mansfield Legacy High School

  • Education Level: High
  • # of students: 1,945
  • # of teachers: 103
6
GreatSchools Rating
 

$134,910$164,890$149,900

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$521
Property Tax -$346
Property Insurance -$131
Property Management Fees -$99
CASH FLOW
$273

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.

$149,900

PROJECTED PRICE

$1,370

PROJECTED RENT

0.91%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,474

INVESTMENT

$45,474

Down Payment
$37,475
Rehab Estimate
$5,750
Closing Costs
$2,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$521

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $37,475
Loan Amount $112,425
See What Happens When You Reinvest Cash Flow

12.67

YEARS SAVED

$29,712

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,734

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,370
1$1,3702$1,5953$1,7954$1,9505$2,045
$2,045
RENT COMPS ANALYSIS
  • 4140 Danny Drive Kennedale, TX 1
    • 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.76
    •  
  • 5733 Vandalia Trail Arlington, TX 2
    • 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1996
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.97
    •  
  • 1128 Fawn Meadow Trail Kennedale, TX 3
    • 4 beds 2 baths ∙ 1,838 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,838 Sqft ∙ Built 2000
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
  • 6805 Muirfield Drive Arlington, TX 4
    • 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 2013
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.96
    •  
  • 600 Parkview Court Kennedale, TX 5
    • 3 beds 3 baths ∙ 2,131 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,131 Sqft ∙ Built 2000
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.96
    •  
PROPERTY LISTING DETAILS
Lawrence Matthews
Able Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495727
Last Updated: 01/19/2021
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