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1713 Wassel Street Haslet, TX 76052

3 Beds 3 Baths 1,970 sqft Built 2020

$324,990

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $164.97
  • 6 Days on Market
  • MLS # : 14469416
  • Updated Date : 11/20/2020 at 06:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,970 sqft
  • Baths : 2 full , 1 half
Listing Agent

Gehan Homes Brokerage, Llc

Listing Agent's Description

The perfect single-story home nestled in the heart of Wellington master planned community! This floor plan boasts 3 perfectly placed bedrooms with 3 bathrooms and a half bath for guests! Perfect entertaining great room concept with covered patio. Enjoys walks along the community and pop into the pool, covered playground, or pavilion to say hello to your neighbors. Don't miss out on this opportunistic lifestyle!

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

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
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
 

$292,491$357,489$324,990

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,199
Property Tax -$765
Property Insurance -$141
HOA -$52
Property Management Fees -$99
CASH FLOW
-$396

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$324,990

PROJECTED PRICE

$1,860

PROJECTED RENT

0.57%

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) 3.00%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,122

INVESTMENT

$88,122

Down Payment
$81,248
Rehab Estimate
$2,000
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,248
Loan Amount $243,743
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$154

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,872

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,8603$1,9004$1,9755$1,995
$1,995
RENT COMPS ANALYSIS
  • 1713 Wassel Street Haslet, TX 2
    • 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.94
    •  
  • 1164 Crest Meadow Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 2010
    LEASED 07/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.92
    •  
  • 1417 Mesa Crest Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 2011
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.96
    •  
  • 1020 Crest Meadow Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2008
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.93
    •  
  • 1120 Crest Meadow Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 2013
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
PROPERTY LISTING DETAILS
April Maki
Gehan Homes Brokerage, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469416
Last Updated: 11/20/2020
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