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944 Carlin Lane Burleson, TX 76028

3 Beds 2 Baths 1,546 sqft Built 2002

$210,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $135.83
  • 3 Days on Market
  • MLS # : 14470906
  • Updated Date : 11/14/2020 at 22:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,546 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Jc

Listing Agent's Description

Charmin home that features 3 bedrooms and 2 baths. The exterior of the home is mostly brick with a two car garage with an awesome open patio in the back. The spacious living room features a decorative brick fireplace and is open to the dining room and kitchen. The master and other bedrooms are split. Conveniently located in Burleson ISD with an easy commute to I 35. Enjoy!

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: Alsbury Estates East

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $112k258k

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

Neighborhood: Alsbury Estates East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

* 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
Frazier Elementary School Primary Regular 569 36 7
Hughes Middle School Middle Regular 1,200 71 5
Burleson High School High Regular 1,583 101 7

Frazier Elementary School

  • Education Level: Primary
  • # of students: 569
  • # of teachers: 36
7
GreatSchools Rating

Hughes Middle School

  • Education Level: Middle
  • # of students: 1,200
  • # of teachers: 71
5
GreatSchools Rating

Burleson High School

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

$189,000$231,000$210,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$775
Property Tax -$503
Property Insurance -$117
Property Management Fees -$99
CASH FLOW
-$74

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.

$210,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.4%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$775

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$5,622

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,422

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,4653$1,5504$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 944 Carlin Lane Burleson, TX 1
    • 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.92
    •  
  • 1009 Hannah Street Burleson, TX 2
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2002
    property image
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $0.92
    •  
  • 1104 Emerson Drive Burleson, TX 3
    • 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 2005
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 1009 Rock Springs Drive Burleson, TX 4
    • 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 2001
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 1116 Skylark Drive Burleson, TX 5
    • 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 2005
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.94
    •  
PROPERTY LISTING DETAILS
Pam Hudson
Keller Williams Realty Jc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470906
Last Updated: 11/14/2020
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