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1111 Hillcrest Drive Euless, TX 76039

4 Beds 3 Baths 2,097 sqft Built 1980

$279,990

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $133.52
  • 3 Days on Market
  • MLS # : 14473449
  • Updated Date : 11/20/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,097 sqft
  • Baths : 3 full
Listing Agent

Ebby Halliday, Realtors-frisco

Listing Agent's Description

Come see this beautiful Move-in-Ready house. Large living room with fireplace, Spacious eat in kitchen overlooking the backyard and built in cabinets. Huge backyard for fun and play. Lot's of storage space throughout the house. Garage is converted into second master bedroom with attached walk in closet and huge jetted tub. Easy access to the metroplex. Just minutes to DFW airport. Refrigerator conveys. Must See !!

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: Meadowview Euless

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $122k282k

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

Neighborhood: Meadowview Euless

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9931840

* 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
North Euless Elementary School Primary Regular 722 40 8
Euless Junior High School Middle Regular 1,024 57 8
Euless Junior High School High Regular 1,024 57 8

North Euless Elementary School

  • Education Level: Primary
  • # of students: 722
  • # of teachers: 40
8
GreatSchools Rating

Euless Junior High School

  • Education Level: Middle
  • # of students: 1,024
  • # of teachers: 57
8
GreatSchools Rating

Euless Junior High School

  • Education Level: High
  • # of students: 1,024
  • # of teachers: 57
8
GreatSchools Rating
 

$251,991$307,989$279,990

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,033
Property Tax -$544
Property Insurance -$148
Property Management Fees -$99
CASH FLOW
$86

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.

$279,990

PROJECTED PRICE

$1,910

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.7%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,947

INVESTMENT

$79,947

Down Payment
$69,998
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,998
Loan Amount $209,993
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$23,731

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,071

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8953$1,9004$1,9105$2,250
$2,250
RENT COMPS ANALYSIS
  • 1111 Hillcrest Drive Euless, TX 4
    • 4 beds 3 baths ∙ 2,097 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,097 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.91
    •  
  • 1215 Douglas Street Euless, TX 1
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1970
    property image
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.94
    •  
  • 414 Teal Wood Lane Euless, TX 2
    • 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1982
    property image
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.97
    •  
  • 1607 Woodpath Drive Euless, TX 3
    • 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1989
    property image
    LEASED 06/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.01
    •  
  • 825 Blessing Creek Drive Euless, TX 5
    • 5 beds 3 baths ∙ 2,188 Sqft ∙ Built 1982 5 beds 3 baths ∙ 2,188 Sqft ∙ Built 1982
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.03
    •  
PROPERTY LISTING DETAILS
Asha Rani
Ebby Halliday, Realtors-frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473449
Last Updated: 11/20/2020
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