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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $139.50
- 2 Days on Market
- MLS # : 14486640
- Updated Date : 12/19/2020 at 15:36
CONSTRUCTION
- Beds : 3
- Floor Size : 1,828 sqft
- Baths : 2 full
Listing Agent
Keller Williams Arlington
Listing Agent's Description
Large oversized corner lot with only one nextdoor neighbor. Attractive bricked exterior entry with a covered front porch. High ceilings throughout, arch openings and art niche. Kitchen features an abundance of cabinets, island, breakfast bar, skylight and granite counters. Open concept living, kitchen and dining. Home features an additional bonus room, could be used as a 4th bedroom without a closet, office, workout room, formal living or dining. Master suite is split from the guest rooms and located in the back of the home for additional privacy. Master bath features dual sinks, large garden tub, walk in separate shower, linen closet and large 9x7 closet. ***SPECIAL FINANCING AVAILABLE***
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: West Bend South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Bend South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$941 |
| Property Tax | -$611 | |
| Property Insurance | -$133 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$176
|
||
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.
$255,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$73,325
LOAN DETAILS
$941
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $63,750 |
| Loan Amount | $191,250 |
1.42
YEARS SAVED
$2,322
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,641
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
721 West Bend Boulevard Burleson, TX 5
- 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 2009
- Rent
- Rent Per SQFT
- $1,650
- $0.90
-
1104 Emerson Drive Burleson, TX 1
- 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 2005
LEASED 01/02/20- Rent
- Rent Per SQFT
- $1,550
- $0.91
-
1245 Spanish Moss Drive Burleson, TX 2
- 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 2006
LEASED 01/17/20- Rent
- Rent Per SQFT
- $1,580
- $0.88
-
1116 Skylark Drive Burleson, TX 3
- 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 2005
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,600
- $0.94
-
1112 Vista View Drive Burleson, TX 4
- 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2008
LEASED 02/13/20- Rent
- Rent Per SQFT
- $1,625
- $0.86
PROPERTY LISTING DETAILS
Keller Williams Arlington
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14486640
Last Updated: 12/19/2020
