Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2608 Briargrove Drive Hurst, TX 76054

3 Beds 2 Baths 1,974 sqft Built 1993

INVESTimate

$294,900

List Price

$1,770

$1,593 - $1,947

Rent Est.

$320,114  ( +8.55%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $149.39
  • 6 Days on Market
  • MLS # : 14417935
  • Updated Date : 08/21/2020 at 05:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,974 sqft
  • Baths : 2 full
Listing Agent

Exp Realty, Llc

Listing Agent's Description

You just found your new home. Incredible opportunity with this well-maintained home. Located in an established subdivision with NO HOA with mature landscaping and pride of homeownership. Home has been painted inside. New Roof 2020. All new interior flooring includinging laminate wood flooring in living, dining, kitchen, and carpet in the bedrooms. Enclosed sunroom has HVAC plus skylights. Split bedroom set up for privacy. See thru fireplace from the living to the dining. Large kitchen with island overlooking the beautiful backyard. Location can not be beaten, just one block to Birdville High School and a number of restaurants and stores near where 26 and Precinct come together and then just blocks from 183.

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

Neighborhood: Bentridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k336k

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

Neighborhood: Bentridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9852171

* 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
Walker Creek Elementary School Primary Regular 653 44 7
Smithfield Middle School Middle Regular 818 49 10
Birdville High School High Regular 2,083 125 7

Walker Creek Elementary School

  • Education Level: Primary
  • # of students: 653
  • # of teachers: 44
7
GreatSchools Rating

Smithfield Middle School

  • Education Level: Middle
  • # of students: 818
  • # of teachers: 49
10
GreatSchools Rating

Birdville High School

  • Education Level: High
  • # of students: 2,083
  • # of teachers: 125
7
GreatSchools Rating
 

$265,410$324,390$294,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,088
Property Tax -$601
Property Insurance -$133
Property Management Fees -$99
CASH FLOW
-$151

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.

$294,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.55%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,899

INVESTMENT

$83,899

Down Payment
$73,725
Rehab Estimate
$5,750
Closing Costs
$4,424

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,725
Loan Amount $221,175
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$5,810

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,774

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,770
1$1,7702$1,7953$1,8004$1,8955$1,900
$1,900
RENT COMPS ANALYSIS
  • 2608 Briargrove Drive Hurst, TX 1
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.97
    •  
  • 604 Stonehenge Drive Hurst, TX 2
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1977
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.97
    •  
  • 404 Heather Lane Hurst, TX 3
    • 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 1976
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
  • 736 Springhill Drive Hurst, TX 4
    • 4 beds 2 baths ∙ 2,023 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,023 Sqft ∙ Built 1977
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.94
    •  
  • 712 Springhill Drive Hurst, TX 5
    • 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1977
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.01
    •  
PROPERTY LISTING DETAILS
Stephanie Ziemann
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417935
Last Updated: 08/21/2020
BESbswy