Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

725 Blue Marlin Drive Burleson, TX 76028

3 Beds 2 Baths 1,807 sqft Built 2006

$265,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $146.65
  • 6 Days on Market
  • MLS # : 14478032
  • Updated Date : 12/04/2020 at 15:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,807 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Burleson

Listing Agent's Description

ONE OF A KIND home! No holds barred updates throughout the interior and exterior of the home. OUTDOOR OASIS Featuring HOT TUB, Cedar Deck, Private Garden Area, Separate Outdoor Storage Area, Loft Workshop with Electric. State of the art Stainless Steel kitchen appliances. LED Lighting. Jacuzzi Master Tub. LUXURY Tile Flooring. BRAND NEW Roof and Gutters. PAID OFF Solar Panels. Brand New Fencing. Austin Stone Fireplace. 1200 sqft Attic Decking Build Out. Brand new HVAC & Ductwork. Brand new WiFi Hot Water Heater. GREEN ENERGY GALORE! You will likely NEVER find another home like this with so many TOP OF THE LINE Upgrades and Add-Ons. All this for well under retail value! Burleson ISD. Hurry while it’s still HOT!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Meadow Crest Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $119k269k

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

Neighborhood: Meadow Crest Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

* 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
Clinkscale Elementary School Primary Regular 589 37 7
Hughes Middle School Middle Regular 1,200 71 5
Burleson High School High Regular 1,583 101 7

Clinkscale Elementary School

  • Education Level: Primary
  • # of students: 589
  • # of teachers: 37
7
GreatSchools Rating

Hughes Middle School

  • Education Level: Middle
  • # of students: 1,200
  • # of teachers: 71
5
GreatSchools Rating

Burleson High School

  • Education Level: High
  • # of students: 1,583
  • # of teachers: 101
7
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$978
Property Tax -$635
Property Insurance -$132
Property Management Fees -$99
CASH FLOW
-$264

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.

$265,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.1%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$689

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,595

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5503$1,5804$1,5935$1,650
$1,650
RENT COMPS ANALYSIS
  • 725 Blue Marlin Drive Burleson, TX 3
    • 3 beds 2 baths ∙ 1,807 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,807 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.87
    •  
  • 611 Linda Drive Burleson, TX 1
    • 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1996
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 841 Sheryn Drive Burleson, TX 2
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2007
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 533 Barbara Jean Lane Burleson, TX 4
    • 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 2006
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,593
    • $0.87
    •  
  • 904 Joshua Drive Burleson, TX 5
    • 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 2005
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
PROPERTY LISTING DETAILS
Erika Karpinski
Jp And Associates Burleson
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478032
Last Updated: 12/04/2020
BESbswy