Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10844 Middleglen Road Haslet, TX 76052

3 Beds 2 Baths 1,329 sqft Built 2004

$233,900

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $176.00
  • 2 Days on Market
  • MLS # : 14505450
  • Updated Date : 01/23/2021 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,329 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Fall in love with this gem of a home! Enchanting 3 bedroom, 2 bathroom home is ready for its new owners! Perfect floor plan with the family sized living room open to the kitchen and features a beautifully upgraded wood burning fireplace with stone surround and white mantle. The chef-friendly kitchen features dark oak cabinetry, ample counter space with black appliances and tile flooring. Relaxing primary bedroom is separate from secondary with en-suite bathroom that offers a relaxing soaking tub, separate shower and walk-in closet. Step outside to the delightful backyard and enjoy the covered patio. Conveniently located to I-287 and 35W.

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: Dorado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $102k281k

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

Neighborhood: Dorado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000Rent in $11262022

* 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
Carl E. Schluter Elementary School Primary Regular 524 33 7
Chisholm Trail Middle School Middle Regular 899 64 7
Byron Nelson High School High Regular 2,552 147 8

Carl E. Schluter Elementary School

  • Education Level: Primary
  • # of students: 524
  • # of teachers: 33
7
GreatSchools Rating

Chisholm Trail Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 64
7
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$210,510$257,290$233,900

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$812
Property Tax -$559
Property Insurance -$104
Property Management Fees -$99
CASH FLOW
-$185

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.

$233,900

PROJECTED PRICE

$1,390

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,734

INVESTMENT

$67,734

Down Payment
$58,475
Rehab Estimate
$5,750
Closing Costs
$3,509

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$812

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,475
Loan Amount $175,425
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,096

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,379

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,5003$1,5454$1,5955$1,600
$1,600
RENT COMPS ANALYSIS
  • 10844 Middleglen Road Haslet, TX 1
    • 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.05
    •  
  • 344 Lead Creek Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 2018
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.02
    •  
  • 412 Marble Creek Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2010
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.01
    •  
  • 10625 Braewood Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 2005
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.05
    •  
  • 10829 Axton Court Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 2006
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.07
    •  
PROPERTY LISTING DETAILS
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505450
Last Updated: 01/23/2021
BESbswy