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329 Charleston Place Hurst, TX 76054

4 Beds 5 Baths 4,008 sqft Built 1982

$539,900

List Price

$3,330

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $134.71
  • 4 Days on Market
  • MLS # : 14482761
  • Updated Date : 12/11/2020 at 18:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,008 sqft
  • Baths : 4 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

**MULTIPLE OFFERS! Deadline for highest and best-Sunday, Dec 13 at 5pm!** Exceptional custom on oversized half acre CDS lot! Many updates & custom features! Lots of nail-down wood floors and generous trim & mill work! Grand main living area with beamed ceiling, brick accent wall & brick wood burning fireplace, wall of windows overlooking the pool! Plus a spacious den off the kitchen, plus a bonus (game room) over the garage that offers a full bth (possible 5th BR). Updated island kitchen with painted cabinet finish, glass display cabinets, granite & updated 20in tile that continues into all baths & the large laundry with half bath! 3 car gar + storage shed with elec. Low traffic loc & backyard privacy!

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: 76054

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k336k

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

Zip Code: 76054

ZipNIR 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
Shady Oaks Elementary School Primary Regular 576 34 NA
Bedford Junior High School Middle Regular 834 49 8
Bedford Junior High School High Regular 834 49 8

Shady Oaks Elementary School

  • Education Level: Primary
  • # of students: 576
  • # of teachers: 34
NA
GreatSchools Rating

Bedford Junior High School

  • Education Level: Middle
  • # of students: 834
  • # of teachers: 49
8
GreatSchools Rating

Bedford Junior High School

  • Education Level: High
  • # of students: 834
  • # of teachers: 49
8
GreatSchools Rating
 

$485,910$593,890$539,900

PURCHASE PRICE

$2,997$3,663$3,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,330
EXPENSES Loan Payment -$1,992
Property Tax -$1,101
Property Insurance -$259
Property Management Fees -$99
CASH FLOW
-$121

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.

$539,900

PROJECTED PRICE

$3,330

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.6%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,824

INVESTMENT

$148,824

Down Payment
$134,975
Rehab Estimate
$5,750
Closing Costs
$8,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,975
Loan Amount $404,925
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$19,953

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,330

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $3,848

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$3,330
1$3,3302$3,925
$3,925
RENT COMPS ANALYSIS
  • 329 Charleston Place Hurst, TX 1
    • 4 beds 5 baths ∙ 4,008 Sqft ∙ Built 1982 4 beds 5 baths ∙ 4,008 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $3,330
    • $0.83
    •  
  • 905 Briar Ridge Drive Colleyville, TX 2
    • 4 beds 4 baths ∙ 4,095 Sqft ∙ Built 1985 4 beds 4 baths ∙ 4,095 Sqft ∙ Built 1985
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,925
    • $0.96
    •  
PROPERTY LISTING DETAILS
Susan Mayer
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14482761
Last Updated: 12/11/2020
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