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13600 Northwest Court Haslet, TX 76052

3 Beds 2 Baths 2,041 sqft Built 1997

$439,900

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $215.53
  • 3 Days on Market
  • MLS # : 14525040
  • Updated Date : 03/05/2021 at 18:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,041 sqft
  • Baths : 2 full
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

GORGEOUS ACREAGE and RARE FIND in the current market...located close to SHOPPING & EATERIES. CUSTOM 3 BEDROOM HOME plus OFFICE. FRESH PAINT in all bedrooms, living, kitchen, dining & office. OPEN CONCEPT Kitchen, Dining & Living Area with WOOD BURNING FIREPLACE. Master Bath has 2 CLOSETS. Enjoy plenty of outdoor space to roam & play. East-facing BACKYARD & large COVERED PATIO with additional PERGOLA. Lots of space for ENTERTAINING family & friends. OVERSIZED GARAGE plus 30'x40' WORK SHOP for working on hobbies, extra parking & storage. EXTRA PARKING area added to DRIVEWAY. NO CITY TAX, NO WATER-SEWER BILL & NO HOA. TCAD reflects 2.91ac. 2015 Survey reflects 2.665. WELCOME HOME!

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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

Zip Code: 76052

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 76052

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Haslet Elementary School Primary Regular 406 28 9
Truett Wilson Middle School Middle Unknown 844 58 NA
Byron Nelson High School High Regular 2,552 147 8

Haslet Elementary School

  • Education Level: Primary
  • # of students: 406
  • # of teachers: 28
9
GreatSchools Rating

Truett Wilson Middle School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 58
NA
GreatSchools Rating

Byron Nelson High School

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

$395,910$483,890$439,900

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,528
Property Tax -$1,052
Property Insurance -$145
Property Management Fees -$99
CASH FLOW
-$634

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.

$439,900

PROJECTED PRICE

$2,190

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$13

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,827

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,7953$1,8004$1,8505$2,190
$2,190
RENT COMPS ANALYSIS
  • 13600 Northwest Court Haslet, TX 5
    • 3 beds 2 baths ∙ 2,041 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,041 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.07
    •  
  • 14053 Tanglebrush Trail Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2008
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.86
    •  
  • 14016 Wrangler Way Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 2009
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.90
    •  
  • 13657 Trail Break Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 2005
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.94
    •  
  • 14029 Dream River Trail Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,098 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,098 Sqft ∙ Built 2006
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.88
    •  
PROPERTY LISTING DETAILS
Pamela Boyd
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14525040
Last Updated: 03/05/2021
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