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417 Inwood Street Benbrook, TX 76126

4 Beds 2 Baths 2,184 sqft Built 2017

INVESTimate

$344,900

List Price

$2,100

$1,890 - $2,310

Rent Est.

$364,111  ( +5.57%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2017
  • Price/Sqft : $157.92
  • 9 Days on Market
  • MLS # : 14415784
  • Updated Date : 08/19/2020 at 04:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,184 sqft
  • Baths : 2 full
Listing Agent

Testa Realty

Listing Agent's Description

Custom Clarity Craftsman style home that is light, bright and great for entertaining.Large covered front porch great for morning coffee and enjoying the outdoor. Shiplap entry way with lovely brick archway into large living room at the heart of the home. Secondary bedrooms off long hallway with great bathroom,4th bedroom is currently an office. Flex room off entry way can be playroom, craftroom or office space. Master bedroom is spacious with amazing windows. Master bath has large separate shower, garden tub,linen closet, dual sinks,lots of cabinets,separate toilet room and large walk-in closet. Kitchen is beautiful, light and open with dining area and lrg pantry.Backyard is great for playing and entertaining.

SEE MORE

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: 76126

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $117k476k

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

Zip Code: 76126

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9651734

* 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
Westpark Elementary School Primary Regular 484 25 8
Benbrook Middle High School Middle Regular 911 59 5
Benbrook Middle High School High Regular 911 59 5

Westpark Elementary School

  • Education Level: Primary
  • # of students: 484
  • # of teachers: 25
8
GreatSchools Rating

Benbrook Middle High School

  • Education Level: Middle
  • # of students: 911
  • # of teachers: 59
5
GreatSchools Rating

Benbrook Middle High School

  • Education Level: High
  • # of students: 911
  • # of teachers: 59
5
GreatSchools Rating
 

$310,410$379,390$344,900

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

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$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,273
Property Tax -$743
Property Insurance -$153
HOA -$13
Property Management Fees -$99
CASH FLOW
-$181

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.

$344,900

PROJECTED PRICE

$2,100

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.57%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,149

INVESTMENT

$97,149

Down Payment
$86,225
Rehab Estimate
$5,750
Closing Costs
$5,174

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,225
Loan Amount $258,675
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$6,145

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,097

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7953$1,9504$2,1005$2,138
$2,138
RENT COMPS ANALYSIS
  • 417 Inwood Street Benbrook, TX 4
    • 4 beds 2 baths ∙ 2,184 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,184 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.96
    •  
  • 10500 Barber Lane Benbrook, TX 1
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2008
    LEASED 04/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.89
    •  
  • 7101 Crenshaw Drive Benbrook, TX 2
    • 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 2005
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.97
    •  
  • 10313 Nelson Drive Benbrook, TX 3
    • 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 2007
    LEASED 04/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.01
    •  
  • 313 Sterling Drive Benbrook, TX 5
    • 4 beds 2 baths ∙ 2,210 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,210 Sqft ∙ Built 2007
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,138
    • $0.97
    •  
PROPERTY LISTING DETAILS
Ruth Mclaurin
Testa Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415784
Last Updated: 08/19/2020
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