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6505 Country Day Trail Benbrook, TX 76132

4 Beds 3 Baths 3,495 sqft Built 1987

$465,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $133.05
  • 5 Days on Market
  • MLS # : 14480897
  • Updated Date : 12/09/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,495 sqft
  • Baths : 3 full
Listing Agent

Jg Real Estate, Llc

Listing Agent's Description

This single level Benbrook home is located within walking distance to the Trinity Trails with Waterside, Clearfork, Ridglea Country Club, and Downtown a short commute away. This 4 bed, 3 bath home boasts a grand formal living and dining room at the entry and has informal living and dining nooks for the largest of family gatherings. The home has hardwood floors spanning across living and dining rooms featuring 10ft ceilings and a wood burning fireplace. The gated driveway and rear entry garage allow for extra parking space for your extras along with the outdoor pergola area for outdoor dining.

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: 76132

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k352k

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

Zip Code: 76132

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9192208

* 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
Ridglea Hills Elementary School Primary Regular 666 36 6
William Monnig Middle School Middle Regular 490 37 2
Arlington Heights High School High Regular 1,831 114 4

Ridglea Hills Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 36
6
GreatSchools Rating

William Monnig Middle School

  • Education Level: Middle
  • # of students: 490
  • # of teachers: 37
2
GreatSchools Rating

Arlington Heights High School

  • Education Level: High
  • # of students: 1,831
  • # of teachers: 114
4
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$1,716
Property Tax -$1,002
Property Insurance -$229
Property Management Fees -$99
CASH FLOW
$4

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.

$465,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.6%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$25,232

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $3,041

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$3,0503$3,3004$3,600
$3,600
RENT COMPS ANALYSIS
  • 6505 Country Day Trail Benbrook, TX 2
    • 4 beds 3 baths ∙ 3,495 Sqft ∙ Built 1987 4 beds 3 baths ∙ 3,495 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.87
    •  
  • 1216 S Timberline Drive Benbrook, TX 1
    • 4 beds 2 baths ∙ 3,145 Sqft ∙ Built 1988 4 beds 2 baths ∙ 3,145 Sqft ∙ Built 1988
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.62
    •  
  • 4216 Ridglea Country Club Drive Benbrook, TX 3
    • 4 beds 3 baths ∙ 3,379 Sqft ∙ Built 1969 4 beds 3 baths ∙ 3,379 Sqft ∙ Built 1969
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.98
    •  
  • 6920 Allen Place Drive Fort Worth, TX 4
    • 4 beds 4 baths ∙ 3,556 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,556 Sqft ∙ Built 1993
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.01
    •  
PROPERTY LISTING DETAILS
James Glynn
Jg Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14480897
Last Updated: 12/09/2020
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