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840 Santa Fe Trail Keller, TX 76248

3 Beds 2 Baths 1,487 sqft Built 1986

$239,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $160.73
  • 2 Days on Market
  • MLS # : 14481915
  • Updated Date : 12/05/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,487 sqft
  • Baths : 2 full
Listing Agent

Infinit Realty Group, Inc

Listing Agent's Description

Beautiful 3-Bedroom home - Totally updated! The updates include: Exterior and Interior paint, New Ceramic Plank Tile that looks like wood throughout the main living, kitchen, hallways, laundry room & bathrooms. The Bathrooms have all new granite countertops, sinks & faucets, tubs & toilets, tile surrounds, Master has separate shower with glass door. Both baths look terrific! Kitchen is light and bright with recessed lighting, granite , subway tile backsplash, & white cabinets. This is the perfect family home for a young couple or for a retired couple wanting a great location in the highly desired city of Keller with great schools & lots of shopping. Large covered Patio opens to lovely treed yard with shed.

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

Zip Code: 76248

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Zip Code: 76248

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262728

* 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
Parkwood Hill Intermediate School Primary Regular 1,070 57 8
Hillwood Middle School Middle Regular 1,087 65 8
Central High School High Regular 2,573 140 8

Parkwood Hill Intermediate School

  • Education Level: Primary
  • # of students: 1,070
  • # of teachers: 57
8
GreatSchools Rating

Hillwood Middle School

  • Education Level: Middle
  • # of students: 1,087
  • # of teachers: 65
8
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,573
  • # of teachers: 140
8
GreatSchools Rating
 

$215,100$262,900$239,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$882
Property Tax -$501
Property Insurance -$113
Property Management Fees -$99
CASH FLOW
-$115

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.

$239,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.5%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,085

INVESTMENT

$69,085

Down Payment
$59,750
Rehab Estimate
$5,750
Closing Costs
$3,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,750
Loan Amount $179,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,120

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,480

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4803$1,5004$1,5005$1,575
$1,575
RENT COMPS ANALYSIS
  • 840 Santa Fe Trail Keller, TX 2
    • 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.00
    •  
  • 9528 Tomahawk Trail Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2006
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.93
    •  
  • 5213 Sioux Creek Lane Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 2004
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.03
    •  
  • 9512 Chiefton Way Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 2006
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.05
    •  
  • 5229 Mirage Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 2003
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.97
    •  
PROPERTY LISTING DETAILS
Ramona Deaton
Infinit Realty Group, Inc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481915
Last Updated: 12/05/2020
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