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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $143.65
- 2 Days on Market
- MLS # : 14486802
- Updated Date : 12/19/2020 at 00:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,810 sqft
- Baths : 2 full
Listing Agent
Keller Williams Arlington
Listing Agent's Description
Beautiful lot backing up to a greenbelt. Neutral interior paint and all updated easy care tile flooring throughout. Property features 4 bedrooms, 2 baths, 2 car garage open concept floorplan home located in West Bend. Home features granite kitchen counters, breakfast bar, stainless steel appliances and modern cabinets. Master bathroom features dual sinks, large garden tub, separate shower and large walk in closet. Home backs up to a greenbelt with views right from your living, kitchen , dining and master suite. ***SPECIAL FINANCING AVAILABLE ON THIS HOME WITH ZERO LENDER FEES***
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: West Bend South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Bend South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$623 | |
| Property Insurance | -$132 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$155
|
||
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.
$260,000
PROJECTED PRICE
$1,700
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$74,650
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
1.58
YEARS SAVED
$3,187
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,661
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
925 Misty Oak Trail Burleson, TX 5
- 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $1,700
- $0.94
-
1104 Emerson Drive Burleson, TX 1
- 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 2005
LEASED 01/02/20- Rent
- Rent Per SQFT
- $1,550
- $0.91
-
1116 Skylark Drive Burleson, TX 2
- 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 2005
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,600
- $0.94
-
1112 Melrose Drive Burleson, TX 3
- 4 beds 2 baths ∙ 1,806 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,806 Sqft ∙ Built 2005
LEASED 03/12/20- Rent
- Rent Per SQFT
- $1,625
- $0.90
-
1224 Sweetwater Drive Burleson, TX 4
- 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 2005
LEASED 05/08/20- Rent
- Rent Per SQFT
- $1,675
- $0.92
PROPERTY LISTING DETAILS
Keller Williams Arlington
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14486802
Last Updated: 12/19/2020
