Keller, TX 76248 · 3 BR · 2 BA · 1,900 Sq.Ft.
This rental property produces a modest monthly cash flow and meets the minimum investment criteria. Below is a summary of key figures from the purchase and ongoing operation of the property.
| Purchase Price | $210,000 | Down Payment | $42,000 (20%) |
|---|---|---|---|
| Loan Amount | $168,000 | Interest Rate | 4.5% fixed |
| Gross Rent | $1,800/mo | Vacancy Rate | 5% |
| Operating Expenses | $450/mo | Loan Payment | $930/mo |
| Net Cash Flow | $230/mo | Cap Rate | 6.8% |
This single‑family home is located in the heart of Keller, TX and features a spacious open floor plan, large backyard and updated kitchen. The quiet neighborhood and excellent school district make this property ideal for long‑term tenants.
Year Built: 1998
Parking: 2 car garage
Lot Size: 8,500 Sq.Ft.
Tags: turnkey, suburban
This worksheet summarizes the assumed costs and financing terms used in the analysis. You can customize these numbers in your own implementation.
| Purchase & Rehab | |
|---|---|
| Purchase Price | $210,000 |
| Closing Costs | $3,500 |
| Rehab Budget | $8,000 |
| Financing | |
| Loan Amount | $168,000 |
| Interest Rate | 4.5% |
| Term (years) | 30 |
| Operating Income & Expenses | |
| Monthly Rent | $1,800 |
| Insurance | $90/mo |
| Property Taxes | $220/mo |
| Maintenance & Repairs | $80/mo |
The long‑term projections below show how the property’s income, expenses and value may change over time. All figures assume a 3% annual appreciation and a 2% annual increase in rent and expenses.
| Year | Rental Income | Operating Expenses | Net Cash Flow | Property Value | Total Equity |
|---|---|---|---|---|---|
| 1 | $21,600 | $5,400 | $2,760 | $216,300 | $50,300 |
| 5 | $23,400 | $5,832 | $3,240 | $243,500 | $65,800 |
| 10 | $25,900 | $6,438 | $4,020 | $282,000 | $89,400 |
| 20 | $31,600 | $7,840 | $5,760 | $376,000 | $143,200 |
Using comparable recent sales, the estimated after‑repair value (ARV) for this property is between $220,000 and $240,000. The average price per square foot of comparable properties is $115.
| Address | Beds | Baths | Sq.Ft. | Sale Price | $ / Sq.Ft. | Distance |
|---|---|---|---|---|---|---|
| 210 Oak St | 3 | 2 | 1,850 | $230,000 | $124 | 0.3 mi |
| 195 Cedar Dr | 3 | 2 | 1,920 | $235,000 | $122 | 0.5 mi |
| 225 Maple Ln | 3 | 2 | 1,780 | $215,000 | $121 | 0.4 mi |
Rental market data suggests the expected rent for this property ranges between $1,750 and $1,850 per month.
| Address | Beds | Baths | Sq.Ft. | Rent | $ / Sq.Ft. | Distance |
|---|---|---|---|---|---|---|
| 203 Oak St | 3 | 2 | 1,900 | $1,775 | $0.93 | 0.3 mi |
| 215 Pine Ct | 3 | 2 | 2,000 | $1,850 | $0.93 | 0.6 mi |
| 190 Elm Rd | 3 | 2 | 1,820 | $1,725 | $0.95 | 0.4 mi |
The public records indicate this property is a single‑family home built in 1998. The assessor lists 3 bedrooms and 2 bathrooms with 1,900 square feet of living space on a 8,500 square foot lot.
Tax Assessment (2025): $215,000
Estimated Property Value: $225,000
Recent Sale: 2015 for $185,000