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512 Unbridled Lane Keller, TX 76248

4 Beds 5 Baths 3,703 sqft Built 2004

$629,900

List Price

$3,550

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $170.11
  • 3 Days on Market
  • MLS # : 14501775
  • Updated Date : 01/23/2021 at 21:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,703 sqft
  • Baths : 3 full , 2 half
Listing Agent

United Real Estate Dfw

Listing Agent's Description

Oasis in the middle of Keller with access to all major roads within two minutes. Privacy and room for all including a guest suite with private bath. Extra parking space and great outdoor spaces for visiting and relaxing. Recently remodeled and updated throughout the home. *****MULTIPLE OFFERS RECEIVED. Deadline is Sunday, January 24, 2020 at 7PM-bring best and final.********

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: Mount Gilead Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k554k

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

Neighborhood: Mount Gilead Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $11263639

* 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
Bear Creek Intermediate School Primary Regular 781 42 9
Bear Creek Intermediate School Middle Regular 781 42 9
Keller High School High Regular 2,645 145 10

Bear Creek Intermediate School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 42
9
GreatSchools Rating

Bear Creek Intermediate School

  • Education Level: Middle
  • # of students: 781
  • # of teachers: 42
9
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students: 2,645
  • # of teachers: 145
10
GreatSchools Rating
 

$566,910$692,890$629,900

PURCHASE PRICE

$3,195$3,905$3,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,550
EXPENSES Loan Payment -$2,188
Property Tax -$1,322
Property Insurance -$241
HOA -$56
Property Management Fees -$99
CASH FLOW
-$356

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$629,900

PROJECTED PRICE

$3,550

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,674

INVESTMENT

$172,674

Down Payment
$157,475
Rehab Estimate
$5,750
Closing Costs
$9,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,188

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,475
Loan Amount $472,425
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$6,367

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,550

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $3,194

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$2,9953$3,1504$3,4005$3,550
$3,550
RENT COMPS ANALYSIS
  • 512 Unbridled Lane Keller, TX 5
    • 4 beds 5 baths ∙ 3,703 Sqft ∙ Built 2004 4 beds 5 baths ∙ 3,703 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $0.96
    •  
  • 1640 Bradford Grove Trail Keller, TX 1
    • 5 beds 4 baths ∙ 3,798 Sqft ∙ Built 2010 5 beds 4 baths ∙ 3,798 Sqft ∙ Built 2010
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.78
    •  
  • 404 Sagewood Court Keller, TX 2
    • 5 beds 4 baths ∙ 3,549 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,549 Sqft ∙ Built 2008
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.84
    •  
  • 1608 Bradford Grove Trail Keller, TX 3
    • 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 2012 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 2012
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.90
    •  
  • 1628 Goldenrod Lane Keller, TX 4
    • 4 beds 3 baths ∙ 3,654 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,654 Sqft ∙ Built 2014
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.93
    •  
PROPERTY LISTING DETAILS
Shelly Woodcox Unruh
United Real Estate Dfw
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14501775
Last Updated: 01/23/2021
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