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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76054
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$99,825
LOAN DETAILS
$1,233
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $88,750 |
| Loan Amount | $266,250 |
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
-
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
Your Home Free Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14513833
Last Updated: 02/06/2021
