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509 Jeffdale Drive Burleson, TX 76028

4 Beds 2 Baths 2,008 sqft Built 2001

$259,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $128.98
  • 4 Days on Market
  • MLS # : 14465534
  • Updated Date : 11/05/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,008 sqft
  • Baths : 2 full
Listing Agent

Century 21 A-one Realty

Listing Agent's Description

Great home in a great Burleson neighborhood, close to everything! Minutes from FW. Brand new HVAC, new carpet, new tile, external window shades, NEWer roof in 2015, new rear fence, professional landscaping. You'll love the open concept and all the windows, bringing in natural light! Home could be 3 bedrooms with an office or 4 bedrooms. Crown moulding, geometric ceilings, curved arches, gutters, fireplace. Large living room. Large master bedroom. Large 24 x 10 back concrete patio for entertaining. NO HOA! Award winning Burleson ISD. This is a great home for you to make your own!

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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: Elk Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $113k258k

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

Neighborhood: Elk Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

* 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
 

$233,100$284,900$259,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$956
Property Tax -$621
Property Insurance -$143
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.

$259,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.1%
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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,385

INVESTMENT

$74,385

Down Payment
$64,750
Rehab Estimate
$5,750
Closing Costs
$3,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$956

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,750
Loan Amount $194,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,162

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,692

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5933$1,6304$1,7755$1,850
$1,850
RENT COMPS ANALYSIS
  • 509 Jeffdale Drive Burleson, TX 3
    • 4 beds 2 baths ∙ 2,008 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,008 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.81
    •  
  • 1124 Brown Crest Road Burleson, TX 1
    • 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 2007
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.77
    •  
  • 533 Barbara Jean Lane Burleson, TX 2
    • 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 2006
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,593
    • $0.87
    •  
  • 1433 Kramer Court Burleson, TX 4
    • 4 beds 2 baths ∙ 2,099 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,099 Sqft ∙ Built 2008
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.85
    •  
  • 1340 Hillside Drive Burleson, TX 5
    • 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2010
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.88
    •  
PROPERTY LISTING DETAILS
Jami Shelton
Century 21 A-one Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465534
Last Updated: 11/05/2020
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