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811 Bradford Street Lantana, TX 76226

4 Beds 2 Baths 2,503 sqft Built 2007

INVESTimate

$340,000

List Price

$2,480

$2,232 - $2,728

Rent Est.

$353,838  ( +4.07%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $135.84
  • 7 Days on Market
  • MLS # : 14416370
  • Updated Date : 08/25/2020 at 15:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,503 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Excellent opportunity to own in Lantana! This beautiful home built by David Weekly showcases a fabulous floor plan with 4 bedrooms, 2 bathrooms, and a private study! The chef inspired kitchen features an island with a gas cooktop, granite countertops, stainless steel appliances, and abundant cabinet and counter space. The spacious family room anchored by a beautiful gas log fireplace is the perfect space for entertaining! Your master suite is sure to impress with dual vanities, soaking tub, separate shower, and a walk-in closet! Relax outdoors and enjoy the backyard offering plenty of room for pets or play! Minutes away from Rayzor Elementary! Be sure to explore nearby parks, walking trails, and more!

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: Lantana

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Lantana

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
E.p. Rayzor Elementary School Primary Regular 466 31 10
Harpool Middle School Middle Regular 914 61 9
John H. Guyer High School High Regular 2,395 162 8

E.p. Rayzor Elementary School

  • Education Level: Primary
  • # of students: 466
  • # of teachers: 31
10
GreatSchools Rating

Harpool Middle School

  • Education Level: Middle
  • # of students: 914
  • # of teachers: 61
9
GreatSchools Rating

John H. Guyer High School

  • Education Level: High
  • # of students: 2,395
  • # of teachers: 162
8
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,254
Property Tax -$769
Property Insurance -$172
HOA -$121
Property Management Fees -$99
CASH FLOW
$64

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.

$340,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.07%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$21,361

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,503

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,480
1$2,4802$2,5003$2,5954$2,5955$2,650
$2,650
RENT COMPS ANALYSIS
  • 811 Bradford Street Lantana, TX 1
    • 4 beds 2 baths ∙ 2,503 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,503 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.99
    •  
  • 8424 Tyler Drive Lantana, TX 2
    • 4 beds 4 baths ∙ 2,410 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,410 Sqft ∙ Built 2003
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.04
    •  
  • 1411 Golf Club Drive Lantana, TX 3
    • 4 beds 4 baths ∙ 2,611 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,611 Sqft ∙ Built 2005
    LEASED 10/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.99
    •  
  • 740 Peco Street Lantana, TX 4
    • 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 2002
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.96
    •  
  • 1181 Capital Drive Lantana, TX 5
    • 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 2004
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.01
    •  
PROPERTY LISTING DETAILS
Frankie Arthur
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416370
Last Updated: 08/25/2020
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