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911 Peach Lane Burleson, TX 76028

4 Beds 2 Baths 2,502 sqft Built 2006

$291,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $116.31
  • 3 Days on Market
  • MLS # : 14511871
  • Updated Date : 02/06/2021 at 11:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,502 sqft
  • Baths : 2 full
Listing Agent

X2 Realty Group

Listing Agent's Description

This beautiful 4 bedroom home is located in the highly desirable Burleson ISD and is located within minutes of shopping centers, comm. park, pools, clubhouse, playground, and walking trails. It features a bonus room, a fabulous kitchen that is open to the living room along with a breakfast bar and a beautiful back yard. Enjoy the outdoor covered patio and large pergola after a long day. Open houses 2.6.21 and 2.7.21 1 to 3 PM! Thank you for the interest! Multiple offers have been received. Highest and Best offers due by Monday at 12pm Feb 8.

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: Mistletoe Hill

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k302k

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

Neighborhood: Mistletoe Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900Rent in $11261996

* 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
Judy Hajek Elementary School Primary Regular 547 35 6
Burleson High School High Regular 1,583 101 7

Judy Hajek Elementary School

  • Education Level: Primary
  • # of students: 547
  • # of teachers: 35
6
GreatSchools Rating

Burleson High School

  • Education Level: High
  • # of students: 1,583
  • # of teachers: 101
7
GreatSchools Rating
 

$261,900$320,100$291,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,011
Property Tax -$727
Property Insurance -$172
HOA -$28
Property Management Fees -$99
CASH FLOW
-$116

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.

$291,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.4%
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$6.0k

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$82,865

INVESTMENT

$82,865

Down Payment
$72,750
Rehab Estimate
$5,750
Closing Costs
$4,365

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,011

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,750
Loan Amount $218,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$4,437

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,883

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7253$1,9204$2,0005$2,050
$2,050
RENT COMPS ANALYSIS
  • 911 Peach Lane Burleson, TX 3
    • 4 beds 2 baths ∙ 2,502 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,502 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.77
    •  
  • 12617 Summerwood Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,578 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,578 Sqft ∙ Built 2006
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.64
    •  
  • 921 Redbud Road Burleson, TX 2
    • 3 beds 3 baths ∙ 2,339 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,339 Sqft ∙ Built 2005
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.74
    •  
  • 700 Evergreen Court Burleson, TX 4
    • 3 beds 2 baths ∙ 2,496 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,496 Sqft ∙ Built 2007
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.80
    •  
  • 820 Redbud Road Burleson, TX 5
    • 3 beds 2 baths ∙ 2,458 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,458 Sqft ∙ Built 2004
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.83
    •  
PROPERTY LISTING DETAILS
Brian Mourning
X2 Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14511871
Last Updated: 02/06/2021
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