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4303 Bendwood Lane Dallas, TX 75287

3 Beds 2 Baths 2,268 sqft Built 1985

$305,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $134.48
  • 4 Days on Market
  • MLS # : 14517301
  • Updated Date : 02/13/2021 at 11:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,268 sqft
  • Baths : 2 full
Listing Agent

Re/max Four Corners

Listing Agent's Description

Terrific North Dallas Location on Corner Lot with Plano Schools! Diamond in the Rough - Outstanding opportunity to make this home yours. Features 3 bedrooms, 2 baths, 2 living areas, 2 dining areas, 2 car garage. Unique & functional floor plan with a very cool center atrium and loads of natural light throughout. Expanded side patio with stone landscaping and composite deck, and some back grass space as well. Come put your personal touches on this home - does need some TLC - being sold AS IS. Some items needed are some window panes, exterior siding repair & paint, interior paint, some flooring. Foundation repaired 2015, Roof replaced 2017, 5 Ton AC replace 2016. MULTIPLE OFFER DEADLINE SUN, FEB 14 AT 12PM.

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

Neighborhood: Far North Dallas

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $102k403k

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

Neighborhood: Far North Dallas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9472548

* 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
Mitchell Elementary School Primary Regular 698 55 6
Frankford Middle School Middle Regular 1,122 72 6
Plano West Senior High School High Regular 2,896 165 7

Mitchell Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 55
6
GreatSchools Rating

Frankford Middle School

  • Education Level: Middle
  • # of students: 1,122
  • # of teachers: 72
6
GreatSchools Rating

Plano West Senior High School

  • Education Level: High
  • # of students: 2,896
  • # of teachers: 165
7
GreatSchools Rating
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,059
Property Tax -$612
Property Insurance -$158
Property Management Fees -$99
CASH FLOW
$211

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.

$305,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.70%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$31,977

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,319

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,140
1$2,1402$2,2953$2,3504$2,3955$2,495
$2,495
RENT COMPS ANALYSIS
  • 4303 Bendwood Lane Dallas, TX 1
    • 3 beds 2 baths ∙ 2,268 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,268 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.94
    •  
  • 4236 Briarbend Road Dallas, TX 2
    • 3 beds 3 baths ∙ 2,345 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,345 Sqft ∙ Built 1992
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.98
    •  
  • 18908 Waterway Road Dallas, TX 3
    • 3 beds 2 baths ∙ 2,256 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,256 Sqft ∙ Built 1982
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.04
    •  
  • 4216 Briarbend Road Dallas, TX 4
    • 4 beds 2 baths ∙ 2,329 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,329 Sqft ∙ Built 1992
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.03
    •  
  • 4124 Briarbend Road Dallas, TX 5
    • 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 1993
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.04
    •  
PROPERTY LISTING DETAILS
Doug Sassone
Re/max Four Corners
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517301
Last Updated: 02/13/2021
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