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700 Evergreen Court 
Burleson, TX
76028
3 Beds 2 Baths 2,496 sqft
Built 2007
INVESTimate
$299,999
List Price
$85,250
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PROPERTY INFO
FACTS
- Built In 2007
- Price/Sqft : $120.19
- 3 Days on Market
- MLS # : 14415584
- Updated Date : 08/24/2020 at 19:37
CONSTRUCTION
- Beds : 3
- Floor Size : 2,496 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
BEAUTIFUL home in a cul-de-sac with oversized pie shape lot and tons of room for pool. Formal dining room with lots of light. Open living and breakfast to spacious kitchen with breakfast bar. Added feature of small office space open to kitchen. Master suite and bath are at back of house near utility for easy laundry days. Other side of home has game room or additional living space for kids with 2nd bathroom. Up stairs is a loft area that can be what you want it to be - game room, media, or even another bedroom (no closet). Burleson ISD is schools of choice! Community has tons of amenities including a community pool, park, running trails, playground. Come see it and get us an offer!
SEE MORE
- . 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: Mistletoe Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mistletoe Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$750 | |
| Property Insurance | -$171 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$335
|
||
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.
$299,999
PROJECTED PRICE
$1,820
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 5.40% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$85,250
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,000 |
| Loan Amount | $224,999 |
0.33
YEARS SAVED
$286
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,853
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
700 Evergreen Court Burleson, TX 3
- 3 beds 2 baths ∙ 2,496 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,496 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $1,820
- $0.73
-
921 Redbud Road Burleson, TX 1
- 3 beds 3 baths ∙ 2,339 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,339 Sqft ∙ Built 2005
![property image]()
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,725
- $0.74
-
324 Snapdragon Court Burleson, TX 2
- 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 2004
![property image]()
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,795
- $0.70
-
324 Coral Vine Lane Burleson, TX 4
- 3 beds 3 baths ∙ 2,567 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,567 Sqft ∙ Built 2013
![property image]()
LEASED 01/09/20- Rent
- Rent Per SQFT
- $1,850
- $0.72
-
1131 Foxglove Lane Burleson, TX 5
- 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 2012
![property image]()
LEASED 10/17/19- Rent
- Rent Per SQFT
- $2,025
- $0.81
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14415584
Last Updated: 08/24/2020
