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433 Heneretta Drive Hurst, TX 76054

3 Beds 2 Baths 2,298 sqft Built 1984

$355,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $154.48
  • 3 Days on Market
  • MLS # : 14513833
  • Updated Date : 02/06/2021 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,298 sqft
  • Baths : 2 full
Listing Agent

Your Home Free Llc

Listing Agent's Description

ADORABLE single story home in favorable location right across from community park! Situated on a quarter acre, this home features 3 bedrooms, 2 full baths, HUGE game room or flex space, & 2 car garage. Sparkling pool is ready for summer with new pool pump & new Pebble Tec finish! All of the updates have been done for you from low maintenance tile flooring, neutral paint tones, new HVAC system inside & out, & more. Master is the perfect retreat secluded at the back of the home with his & her closets, dual sinks, and walk-in shower. Split bedroom floor plan offers ultimate privacy for all. Huge backyard is complete with permanent fire pit and mature trees. Enjoy great views of the park right across the street!

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: 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
W. A. Porter Elementary School Primary Regular 480 35 9
Smithfield Middle School Middle Regular 818 49 10
Birdville High School High Regular 2,083 125 7

W. A. Porter Elementary School

  • Education Level: Primary
  • # of students: 480
  • # of teachers: 35
9
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
 

$319,500$390,500$355,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,233
Property Tax -$724
Property Insurance -$160
Property Management Fees -$99
CASH FLOW
$184

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.

$355,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.68%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$31,378

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,407

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2503$2,4004$2,4005$2,595
$2,595
RENT COMPS ANALYSIS
  • 433 Heneretta Drive Hurst, TX 4
    • 3 beds 2 baths ∙ 2,298 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,298 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.04
    •  
  • 2817 Autumn Drive Hurst, TX 1
    • 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 1973
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.03
    •  
  • 333 Montreal Drive Hurst, TX 2
    • 3 beds 2 baths ∙ 2,099 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,099 Sqft ∙ Built 1997
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.07
    •  
  • 308 Glade Road Colleyville, TX 3
    • 3 beds 2 baths ∙ 2,286 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,286 Sqft ∙ Built 1980
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.05
    •  
  • 500 Evergreen Drive Hurst, TX 5
    • 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 1989
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.04
    •  
PROPERTY LISTING DETAILS
William T. Nelson
Your Home Free Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14513833
Last Updated: 02/06/2021
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