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5752 Bedford Lane The Colony, TX 75056

4 Beds 3 Baths 2,240 sqft Built 2000

INVESTimate

$339,900

List Price

$1,990

$1,791 - $2,189

Rent Est.

$373,414  ( +9.86%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $151.74
  • 6 Days on Market
  • MLS # : 14417157
  • Updated Date : 08/26/2020 at 00:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,240 sqft
  • Baths : 3 full
Listing Agent

All City Real Estate, Ltd. Co.

Listing Agent's Description

A beautiful, well maintained home located in the popular Legend Crest subdivision. This house has it all, vaulted ceilings, engineered hardwood floors throughout the 1st floor, kitchen with granite counters, stainless steel appliances. Smart, energy efficient HVAC thermostats. The room on the first floor can be used as a bedroom or study. Large living room with gorgeous hardwood flooring, skylights and gas burning fireplace. A game room on the second floor. Back yard with an extended patio great place for family time and entertainment. Master bathroom with separate shower, separate vanities and walk-in closet. Close proximity to major rods, SRB Highway, Nebraska Furniture, Legacy West and Shops at Legacy.

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

Neighborhood: Legend Crest

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $120k380k

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

Neighborhood: Legend Crest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262146

* 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
Morningside Elementary School Primary Regular 431 31 8
Griffin Middle School Middle Regular 765 57 5
The Colony High School High Regular 1,987 139 8

Morningside Elementary School

  • Education Level: Primary
  • # of students: 431
  • # of teachers: 31
8
GreatSchools Rating

Griffin Middle School

  • Education Level: Middle
  • # of students: 765
  • # of teachers: 57
5
GreatSchools Rating

The Colony High School

  • Education Level: High
  • # of students: 1,987
  • # of teachers: 139
8
GreatSchools Rating
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,254
Property Tax -$650
Property Insurance -$157
HOA -$38
Property Management Fees -$99
CASH FLOW
-$207

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.

$339,900

PROJECTED PRICE

$1,990

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.86%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$4,844

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,145

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,945
1$1,9452$1,9903$1,9954$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 5752 Bedford Lane The Colony, TX 2
    • 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.89
    •  
  • 5720 Green Hollow Lane The Colony, TX 1
    • 3 beds 2 baths ∙ 2,043 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,043 Sqft ∙ Built 2000
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.95
    •  
  • 5741 Green Hollow Lane The Colony, TX 3
    • 3 beds 2 baths ∙ 2,067 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,067 Sqft ∙ Built 1999
    LEASED 08/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.97
    •  
  • 5644 Overland Drive The Colony, TX 4
    • 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2000
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
  • 5710 Green Hollow Lane The Colony, TX 5
    • 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 1999
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.96
    •  
PROPERTY LISTING DETAILS
Viktor Taushanov
All City Real Estate, Ltd. Co.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417157
Last Updated: 08/26/2020
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