Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8900 Bluestem Drive Lantana, TX 76226

3 Beds 4 Baths 2,975 sqft Built 2013

$510,000

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

February 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $171.43
  • 7 Days on Market
  • MLS # : 14513722
  • Updated Date : 02/11/2021 at 10:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,975 sqft
  • Baths : 3 full , 1 half
Listing Agent

Fathom Realty

Listing Agent's Description

Back on the Market. Luxury all Around. Look out your Family Room and Kitchen to the Beautifully Landscaped Lantana Golf Course. All 3 Bedroom are Down with Master in the Back and Secondary Bedrooms in the Front. Study with Glass French Doors. The Covered Patio is Incredible, with Fireplace and Retractable Shades. Outdoor Kitchen includes Smoker, Grill, Pizza Oven with miles of Counter space. Open Floor Plan with Great Kitchen and Large Island surrounded by Large Family and Breakfast Nook all inclusive of Hardwood Floors. Luxurious Master Bath with Double Vanities, Garden Tub and Oversized Shower. Spacious Game Room, Media Room and Wet Bar upstairs also a Full Bath. Large Tandem Garage.

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
Adkins Elementary School Primary Unknown NA
Harpool Middle School Middle Regular 914 61 9
John H. Guyer High School High Regular 2,395 162 8

Adkins Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$459,000$561,000$510,000

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$1,771
Property Tax -$1,154
Property Insurance -$199
HOA -$111
Property Management Fees -$99
CASH FLOW
-$335

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.

$510,000

PROJECTED PRICE

$3,000

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.1%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,087

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,000

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,611

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,5003$2,6504$2,7505$3,000
$3,000
RENT COMPS ANALYSIS
  • 8900 Bluestem Drive Lantana, TX 5
    • 3 beds 4 baths ∙ 2,975 Sqft ∙ Built 2013 3 beds 4 baths ∙ 2,975 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.01
    •  
  • 8931 Newton Street Lantana, TX 1
    • 3 beds 3 baths ∙ 2,875 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,875 Sqft ∙ Built 2003
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.78
    •  
  • 921 Noble Avenue Lantana, TX 2
    • 4 beds 3 baths ∙ 2,846 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,846 Sqft ∙ Built 2004
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 8821 Cypress Creek Road Lantana, TX 3
    • 3 beds 3 baths ∙ 2,791 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,791 Sqft ∙ Built 2007
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.95
    •  
  • 1430 Golf Club Drive Lantana, TX 4
    • 4 beds 4 baths ∙ 3,051 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,051 Sqft ∙ Built 2003
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.90
    •  
PROPERTY LISTING DETAILS
Chris Spear
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14513722
Last Updated: 02/11/2021
BESbswy