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214 Wildbriar Street Euless, TX 76039

3 Beds 2 Baths 1,494 sqft Built 1984

$279,500

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $187.08
  • 3 Days on Market
  • MLS # : 14455427
  • Updated Date : 11/01/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,494 sqft
  • Baths : 2 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

This lovely one-story home, with charming curb appeal, presents a large family room with a vaulted ceiling and a traditional brick-hearth fireplace, a remodeled kitchen with light granite counters, stainless range-oven and dishwasher, subway tile backsplash, and breakfast nook; three bedrooms with walk-in closets, two bathrooms, an efficient utility area with shelving and an oversized garage with a plethora of storage. The master suite offers direct egress to the backyard and barn-door entry to master bath with a new vanity and luxurious shower. Amenities include wood-inspired vinyl floors, gracious windows, updated hardware-lighting and more. Relax on the private backyard patio overlooking a large play pool.

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: 76039

ZipNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240k250k260kPrice in $122k266k

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

Zip Code: 76039

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9931902

* 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
Lakewood Elementary School Primary Regular 713 39 6
Euless Junior High School Middle Regular 1,024 57 8
Euless Junior High School High Regular 1,024 57 8

Lakewood Elementary School

  • Education Level: Primary
  • # of students: 713
  • # of teachers: 39
6
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
 

$251,550$307,450$279,500

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,031
Property Tax -$543
Property Insurance -$114
Property Management Fees -$99
CASH FLOW
-$116

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.

$279,500

PROJECTED PRICE

$1,670

PROJECTED RENT

0.60%

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

PROJECTED ANNUAL CASH FLOW

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

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$79,818

INVESTMENT

$79,818

Down Payment
$69,875
Rehab Estimate
$5,750
Closing Costs
$4,193

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,031

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,875
Loan Amount $209,625
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$7,471

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,662

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,6703$1,7504$1,8005$1,895
$1,895
RENT COMPS ANALYSIS
  • 214 Wildbriar Street Euless, TX 2
    • 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $1.12
    •  
  • 1803 Chittam Drive Euless, TX 1
    • 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1983
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.11
    •  
  • 202 Mint Lane Euless, TX 3
    • 3 beds 3 baths ∙ 1,586 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,586 Sqft ∙ Built 1983
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.10
    •  
  • 2305 Mcdowell Drive Euless, TX 4
    • 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1984
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.12
    •  
  • 502 Horse Shoe Drive Euless, TX 5
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2000
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.12
    •  
PROPERTY LISTING DETAILS
Chad Collins
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14455427
Last Updated: 11/01/2020
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