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827 Silverthorne Drive Burleson, TX 76028

4 Beds 2 Baths 2,047 sqft Built 2013

$280,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $136.79
  • 2 Days on Market
  • MLS # : 14469828
  • Updated Date : 11/28/2020 at 11:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,047 sqft
  • Baths : 2 full
Listing Agent

Klm Real Estate

Listing Agent's Description

Great Family Home! This open concept home has 4 bedrooms, 2 bathrooms and office; located in a quiet yet convenient neighborhood to shopping and schools. Home is full of extras including a large covered back patio, 3 car garage, oversized tile in entire house, enlarged shower in master, and so much more. The fourth bedroom has French doors leading into Master to make a perfect nursey or sitting area. Seller will be giving an allowance of $5000 to buyer for any touch ups or changes buyer would like to make to home and also to cover any leaseback if necessary. Some of the furniture can be purchased or left with house with a reasonable offer.

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

Neighborhood: West Bend South

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $119k279k

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

Neighborhood: West Bend South

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
Frazier Elementary School Primary Regular 569 36 7
Hughes Middle School Middle Regular 1,200 71 5
Burleson High School High Regular 1,583 101 7

Frazier Elementary School

  • Education Level: Primary
  • # of students: 569
  • # of teachers: 36
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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,033
Property Tax -$671
Property Insurance -$146
HOA -$17
Property Management Fees -$99
CASH FLOW
-$215

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.

$280,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,928

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,735

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,7453$1,7504$1,7955$1,825
$1,825
RENT COMPS ANALYSIS
  • 827 Silverthorne Drive Burleson, TX 3
    • 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.85
    •  
  • 1112 Vista View Drive Burleson, TX 1
    • 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2008
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.86
    •  
  • 1232 Sweetwater Drive Burleson, TX 2
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2005
    property image
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.82
    •  
  • 1017 Pebblecreek Drive Burleson, TX 4
    • 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2005
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
  • 1133 Mourning Dove Drive Burleson, TX 5
    • 4 beds 2 baths ∙ 2,104 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,104 Sqft ∙ Built 2007
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.87
    •  
PROPERTY LISTING DETAILS
Cassiana Hall
Klm Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469828
Last Updated: 11/28/2020
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