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1816 Velda Kay Lane Haslet, TX 76052

4 Beds 3 Baths 3,240 sqft Built 2003

$525,000

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $162.04
  • 7 Days on Market
  • MLS # : 14457544
  • Updated Date : 10/28/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,240 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty-fm

Listing Agent's Description

Avondale Ranch is an exquisite custom home community nestled in northern Tarrant County and award winning Northwest ISD. This is a special opportunity to own an exquisite 4Bd 2.5Ba corner lot home on 1.02 acres. Exterior highlights include a sparkling in-ground diving and lap pool with spacious pool deck and landscaping, irrigated garden space, 12x20 storage shed with shelving and three car garage with epoxy floors. Interior features include a spacious open floorplan with fresh paint & wood flooring, a spacious sunroom with half bath, enclosed office space, oversized mud room, eat-in kitchen & upstairs game or craft room. Private well equals no water bills! NO CITY TAXES! This home qualifies for USDA 0% down.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

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
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$1,937
Property Tax -$1,255
Property Insurance -$214
HOA -$21
Property Management Fees -$99
CASH FLOW
-$387

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.

$525,000

PROJECTED PRICE

$3,140

PROJECTED RENT

0.60%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,881

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,140

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $3,013

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,1403$3,300
$3,300
RENT COMPS ANALYSIS
  • 1816 Velda Kay Lane Haslet, TX 2
    • 4 beds 3 baths ∙ 3,240 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,240 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $3,140
    • $0.97
    •  
  • 1140 Bridle Latch Drive Fort Worth, TX 1
    • 5 beds 4 baths ∙ 3,256 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,256 Sqft ∙ Built 2006
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.86
    •  
  • 12768 Taylor Frances Lane Haslet, TX 3
    • 4 beds 3 baths ∙ 3,297 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,297 Sqft ∙ Built 2003
    LEASED 07/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.00
    •  
PROPERTY LISTING DETAILS
Jill Caughron
Keller Williams Realty-fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14457544
Last Updated: 10/28/2020
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