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509 Panchasarp Drive Crowley, TX 76036

3 Beds 2 Baths 2,204 sqft Built 2016

$300,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $136.12
  • 2 Days on Market
  • MLS # : 14523074
  • Updated Date : 02/27/2021 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,204 sqft
  • Baths : 2 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Beautiful one-story John Houston home in desirable neighborhood with an office! This home has many added features such as hardwood floors and upgraded carpet in bedrooms, as well as kitchen amenities including granite counters, subway tile backsplash, taller cabinets, and upgraded tile in kitchen and bathrooms! Modern, open concept floorplan is great for families and entertaining with a wood burning fireplace for those cool nights or smores! Primary bedroom suite has a spa-like bathroom with generous granite covered counters, a soaker tub and oversized shower w bench! That's not all! The private backyard has an extended covered back porch w endless possibilities! Located in Burleson ISD, this is a must see!

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

Zip Code: 76036

ZipNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240kPrice in $122k243k

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

Zip Code: 76036

ZipNIR 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
Frazier Elementary School Primary Regular 569 36 7
Burleson High School High Regular 1,583 101 7

Frazier Elementary School

  • Education Level: Primary
  • # of students: 569
  • # of teachers: 36
7
GreatSchools Rating

Burleson High School

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

$270,000$330,000$300,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,042
Property Tax -$743
Property Insurance -$155
HOA -$33
Property Management Fees -$99
CASH FLOW
-$342

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.

$300,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.5%
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$900k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$108

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,857

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6953$1,7304$1,8255$1,999
$1,999
RENT COMPS ANALYSIS
  • 509 Panchasarp Drive Crowley, TX 3
    • 3 beds 2 baths ∙ 2,204 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,204 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.78
    •  
  • 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
    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
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.80
    •  
  • 1133 Mourning Dove Drive Burleson, TX 4
    • 4 beds 2 baths ∙ 2,104 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,104 Sqft ∙ Built 2007
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.87
    •  
  • 629 Sydney Lane Burleson, TX 5
    • 3 beds 2 baths ∙ 2,215 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,215 Sqft ∙ Built 2008
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.90
    •  
PROPERTY LISTING DETAILS
Denise Johnson
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14523074
Last Updated: 02/27/2021
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