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523 Big Bend Drive Keller, TX 76248

4 Beds 3 Baths 2,924 sqft Built 2021

$589,392

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $201.57
  • 1 Days on Market
  • MLS # : 14532297
  • Updated Date : 03/13/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,924 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Your search is over! This new home near Bear Creek Park in the heart of Keller has everything on your wish list! Featuring 4 spacious Bedrooms, 3 Bathrooms, an Open Concept Living Room, Gourmet Kitchen w butler's pantry, Breakfast Nook & Study, plus a Game Room & 2 Car Garage + storage space on a corner lot! The beautiful kitchen w island & granite counters overlooks the lg living room w fireplace. First floor master suite w garden tub, separate vanities, & huge closet. 1 bedroom w full bath down. 2 bedrooms, full bath, & game room up w loft area. Big backyard with full sod & sprinklers. Energy efficient + Smart Home tech. Ready in Fall 2021. Ask about our Hometown Heroes program and pref. lender incentives!

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: Westpark Keller

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Neighborhood: Westpark Keller

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262706

* 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
Willis Lane Elementary School Primary Regular 486 33 10
Keller High School High Regular 2,645 145 10
Keller High School High Unknown NA

Willis Lane Elementary School

  • Education Level: Primary
  • # of students: 486
  • # of teachers: 33
10
GreatSchools Rating

Keller High School

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

Keller High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$530,453$648,331$589,392

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 -$2,047
Property Tax -$1,237
Property Insurance -$196
Property Management Fees -$99
CASH FLOW
-$1,499

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$589,392

PROJECTED PRICE

$2,080

PROJECTED RENT

0.35%

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) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,189

INVESTMENT

$158,189

Down Payment
$147,348
Rehab Estimate
$2,000
Closing Costs
$8,841

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,047

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,348
Loan Amount $442,044
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$2,416

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
  • $2,544

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,080
1$2,0802$2,2953$2,3004$2,4255$2,650
$2,650
RENT COMPS ANALYSIS
  • 523 Big Bend Drive Keller, TX 1
    • 4 beds 3 baths ∙ 2,924 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,924 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.71
    •  
  • 5212 Lori Valley Lane Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 2006
    property image
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.80
    •  
  • 5233 Memorial Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 2008
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.82
    •  
  • 220 Longford Court Keller, TX 4
    • 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2003
    property image
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $0.88
    •  
  • 228 Carlow Court Keller, TX 5
    • 4 beds 3 baths ∙ 2,704 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,704 Sqft ∙ Built 2006
    property image
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.98
    •  
PROPERTY LISTING DETAILS
Ashlee Mcghee
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532297
Last Updated: 03/13/2021
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