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935 Williamsburg Lane Keller, TX 76248

4 Beds 4 Baths 3,168 sqft Built 1989

$520,000

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $164.14
  • 2 Days on Market
  • MLS # : 14523249
  • Updated Date : 02/28/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,168 sqft
  • Baths : 3 full , 1 half
Listing Agent

Century 21 Mike Bowman, Inc.

Listing Agent's Description

BEAUTIFULLY KEPT HOME ON WOODED LOT - Hard to find single story home, with finished bonus room and half bath up. Two large living areas downstairs - each with a fireplace! Bonus-room UP. Four bedrooms - one split from the others - making it perfect for guest or office. Spacious master retreat with his and hers walk in closets, separate vanities, jetted tub, and exterior door to back patio. Kitchen has granite countertops, stainless steel appliances - new double convection oven just installed in 2020! Large covered screened patio, and extended open patio with outdoor fireplace! Third acre lot, mature trees, automated sprinkler. Completely repainted inside & out. New Roof August 2020. Walk to park!

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: Williamsburg Estates Keller

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Williamsburg Estates Keller

NeighborhoodNIR 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
Shady Grove Elementary School Primary Regular 458 32 8
Keller High School High Regular 2,645 145 10
Keller High School High Unknown NA

Shady Grove Elementary School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 32
8
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students: 2,645
  • # of teachers: 145
10
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$468,000$572,000$520,000

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$1,806
Property Tax -$1,091
Property Insurance -$210
HOA -$20
Property Management Fees -$99
CASH FLOW
-$236

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.

$520,000

PROJECTED PRICE

$2,990

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 5.5%
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$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,806

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$7,347

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,990

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $3,033

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,9003$2,9904$2,9995$3,150
$3,150
RENT COMPS ANALYSIS
  • 935 Williamsburg Lane Keller, TX 3
    • 4 beds 4 baths ∙ 3,168 Sqft ∙ Built 1989 4 beds 4 baths ∙ 3,168 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $0.94
    •  
  • 1605 Coyote Court Keller, TX 1
    • 4 beds 4 baths ∙ 3,123 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,123 Sqft ∙ Built 1996
    LEASED 02/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.90
    •  
  • 732 Saint Andrews Lane Keller, TX 2
    • 5 beds 3 baths ∙ 3,047 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,047 Sqft ∙ Built 1997
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.95
    •  
  • 1607 Pleasant Run Keller, TX 4
    • 5 beds 4 baths ∙ 3,259 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,259 Sqft ∙ Built 1996
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,999
    • $0.92
    •  
  • 1219 Clark Springs Drive Keller, TX 5
    • 5 beds 3 baths ∙ 2,983 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,983 Sqft ∙ Built 1999
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.06
    •  
PROPERTY LISTING DETAILS
Cyndia Moore
Century 21 Mike Bowman, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14523249
Last Updated: 02/28/2021
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