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810 Barton Springs Drive Fairview, TX 75069

4 Beds 4 Baths 3,628 sqft Built 2006

$567,500

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $156.42
  • 1 Days on Market
  • MLS # : 14528536
  • Updated Date : 03/13/2021 at 07:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,628 sqft
  • Baths : 4 full
Listing Agent

Re/max Town & Country

Listing Agent's Description

SHOWS LIKE A MODEL HOME, K-HOV QUALITY. IF YOU DEMAND THE BEST & NEED SPACE-THIS IS IT! EXTENSIVE WOOD FLRS, PLANTATION SHUTTERS, NEW LIGHT FIXTURES & UPDATED PAINT THRU-OUT. 1st Flr Guest Ste + 3rd BR&BA. Dramatic Foyer: Dbl Tray Ceiling, Crown Molding, 11 ft Ceiling Plate. Large Cov'd Patio-Retractable Screens. 2020 Updated Irrigation-Landscaping. Stacked Stone Firepl Wall-Gas Crystals, Toto Comfort Height Commodes. EPICUREAN GRANITE KITCHEN: Quartz Island, White Cabinets, SS Appliances-2020, Butlers Pantry, Gas Ck-top. ELEGANT MASTER STE: Customized Closet, Seamless Shower. UPSTAIRS: Wood Flrs, Game Rm, BR&BA. 3 CAR TANDEM GARAGE, Epoxy flr. REPLACED: Roof, 2 WHs, 3 AC Coils. FLOORED ATTIC, RADIANT BARRIER.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 75069

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k472k

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

Zip Code: 75069

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10122551

* 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
Puster Elementary School Primary Regular 366 26 9
Sloan Creek Intermediate School Middle Regular 679 43 10
Lovejoy High School High Regular 1,259 90 10

Puster Elementary School

  • Education Level: Primary
  • # of students: 366
  • # of teachers: 26
9
GreatSchools Rating

Sloan Creek Intermediate School

  • Education Level: Middle
  • # of students: 679
  • # of teachers: 43
10
GreatSchools Rating

Lovejoy High School

  • Education Level: High
  • # of students: 1,259
  • # of teachers: 90
10
GreatSchools Rating
 

$510,750$624,250$567,500

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$1,971
Property Tax -$1,046
Property Insurance -$237
HOA -$226
Property Management Fees -$99
CASH FLOW
-$379

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.

$567,500

PROJECTED PRICE

$3,200

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.1%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,138

INVESTMENT

$156,138

Down Payment
$141,875
Rehab Estimate
$5,750
Closing Costs
$8,513

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,971

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,875
Loan Amount $425,625
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,874

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,200

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,975

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,200
$3,200
RENT COMPS ANALYSIS
  • 810 Barton Springs Drive Fairview, TX 2
    • 4 beds 4 baths ∙ 3,628 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,628 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.88
    •  
  • 1110 Hart Road Fairview, TX 1
    • 5 beds 4 baths ∙ 3,892 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,892 Sqft ∙ Built 2008
    property image
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.82
    •  
PROPERTY LISTING DETAILS
Kevin Kernan
Re/max Town & Country
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14528536
Last Updated: 03/13/2021
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