Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

432 Flagstone Drive Burleson, TX 76028

3 Beds 3 Baths 2,275 sqft Built 1987

$298,400

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $131.16
  • 2 Days on Market
  • MLS # : 14537036
  • Updated Date : 03/20/2021 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,275 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Judge Fite Company

Listing Agent's Description

Looking for a beautiful 3 bedroom 2.5 bath home on a corner lot with fully grown tree's minutes away from dining, entertainment, & shopping? Then this open floor plan perfect for entertaining home with unique features like a corner fireplace & wet bar will be the perfect home for you! Enjoy recently updated HVAC, foundation and a split floor plan with a master suite that comes with plenty of privacy and room! Guests will comfortably stay on the other side of the home sharing a full bathroom in spacious rooms. This one is a must see and won't last long!

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

Neighborhood: Sierra Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k306k

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

Neighborhood: Sierra Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900Rent in $11261985

* 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
Mound Elementary School Primary Regular 424 29 6
Burleson High School High Regular 1,583 101 7

Mound Elementary School

  • Education Level: Primary
  • # of students: 424
  • # of teachers: 29
6
GreatSchools Rating

Burleson High School

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

$268,560$328,240$298,400

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,036
Property Tax -$715
Property Insurance -$159
Property Management Fees -$99
CASH FLOW
-$189

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.

$298,400

PROJECTED PRICE

$1,820

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,826

INVESTMENT

$84,826

Down Payment
$74,600
Rehab Estimate
$5,750
Closing Costs
$4,476

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,036

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,600
Loan Amount $223,800
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,264

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,837

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6953$1,7954$1,8205$1,850
$1,850
RENT COMPS ANALYSIS
  • 432 Flagstone Drive Burleson, TX 4
    • 3 beds 3 baths ∙ 2,275 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,275 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.80
    •  
  • 1328 Blue Gill Lane Crowley, TX 1
    • 3 beds 2 baths ∙ 2,127 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,127 Sqft ∙ Built 2003
    property image
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.80
    •  
  • 844 Pebblecreek Drive Burleson, TX 2
    • 3 beds 3 baths ∙ 2,120 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,120 Sqft ∙ Built 2007
    property image
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.80
    •  
  • 1017 Pebblecreek Drive Burleson, TX 3
    • 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2005
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
  • 825 Adams Drive Burleson, TX 5
    • 3 beds 2 baths ∙ 2,342 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,342 Sqft ∙ Built 2002
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.79
    •  
PROPERTY LISTING DETAILS
Wendy Hooten
Century 21 Judge Fite Company
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14537036
Last Updated: 03/20/2021
BESbswy