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750 Dyer Road Bartonville, TX 76226

4 Beds 2 Baths 1,930 sqft Built 1984

$449,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $232.64
  • 2 Days on Market
  • MLS # : 14485538
  • Updated Date : 12/12/2020 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,930 sqft
  • Baths : 2 full
Listing Agent

Chateau Realty

Listing Agent's Description

There aren't many opportunities to own a home on land in the Argyle ISD at this price! You must come see this stunning 2.3 ac property nestled next to the prestigious Badminton neighborhood off of Frenchtown Rd. This 4 BR 2BA home has an unlimited potential. The great room has built in cabinets, a higher ceiling and lots of natural light. The floorplan greatly maximizes the use of the space. Can you imagine enjoying your coffee on the wrap around porch enjoying these panoramic country views? Backside of the yard is fenced for grazing. Long driveway for parking and room to build a large shed. You don't want to miss this one! House is sold as is. Recent inspection report available.

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: Brasher Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $123k637k

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

Neighborhood: Brasher Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263439

* 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
Argyle Intermediate School Primary Regular 295 17 8
Argyle Intermediate School Middle Regular 295 17 8
Argyle High School High Regular 711 50 8

Argyle Intermediate School

  • Education Level: Primary
  • # of students: 295
  • # of teachers: 17
8
GreatSchools Rating

Argyle Intermediate School

  • Education Level: Middle
  • # of students: 295
  • # of teachers: 17
8
GreatSchools Rating

Argyle High School

  • Education Level: High
  • # of students: 711
  • # of teachers: 50
8
GreatSchools Rating
 

$404,100$493,900$449,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,657
Property Tax -$770
Property Insurance -$139
Property Management Fees -$99
CASH FLOW
-$415

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$449,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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

PROJECTED ANNUAL CASH FLOW

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

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$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,419

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $1,920

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,8953$2,250
$2,250
RENT COMPS ANALYSIS
  • 750 Dyer Road Bartonville, TX 3
    • 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.17
    •  
  • 119 Fm 407 Argyle, TX 1
    • 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1977
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.99
    •  
  • 147 Fm 407 Argyle, TX 2
    • 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 1977
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.00
    •  
PROPERTY LISTING DETAILS
Sarah Pierce
Chateau Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485538
Last Updated: 12/12/2020
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