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513 Ben Street Crowley, TX 76036

4 Beds 3 Baths 2,922 sqft Built 2017

$345,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $118.07
  • 3 Days on Market
  • MLS # : 14510012
  • Updated Date : 02/06/2021 at 08:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,922 sqft
  • Baths : 3 full
Listing Agent

Rendon Realty, Llc

Listing Agent's Description

Welcome home to this beautiful, well maintained JH home located in Burleson ISD! Open floor plan includes 3 bedrooms, 3 full baths, study with closet that could be used as a 4th bedroom, and a large game room upstairs. Walking trails & park nearby. Upgrades include double oven, tile throughout 1st floor, extra-large kitchen island, extra-large master shower with double shower heads, electric fireplace, TV outlets for mounted TVs, floor outlets in living area, 2 water heaters, Cedar garage door, exposed aggregate driveway, remote control fans, pullout kitchen trash drawers, upstairs is wired for surround sound. Too many upgrades to mention! Ring camera and doorbell to stay. Come see this gem for yourself!

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

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
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,198
Property Tax -$855
Property Insurance -$196
HOA -$33
Property Management Fees -$99
CASH FLOW
-$301

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.

$345,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.60%

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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$750

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,075

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,880
1$1,8802$1,9753$2,0804$2,0955$2,200
$2,200
RENT COMPS ANALYSIS
  • 513 Ben Street Crowley, TX 3
    • 4 beds 4 baths ∙ 2,922 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,922 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.71
    •  
  • 1221 Spanish Moss Drive Burleson, TX 1
    • 4 beds 3 baths ∙ 2,820 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,820 Sqft ∙ Built 2007
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.67
    •  
  • 1133 Beaverwood Lane Crowley, TX 2
    • 5 beds 3 baths ∙ 2,912 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,912 Sqft ∙ Built 2006
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.68
    •  
  • 1125 Tacks Lane Crowley, TX 4
    • 5 beds 3 baths ∙ 2,748 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,748 Sqft ∙ Built 2013
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.76
    •  
  • 1401 Blue Quail Run Crowley, TX 5
    • 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 2002
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.73
    •  
PROPERTY LISTING DETAILS
Patricia Diaz-moreno
Rendon Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14510012
Last Updated: 02/06/2021
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