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4632 Estes Park Road Haltom City, TX 76137

3 Beds 2 Baths 1,374 sqft Built 1982

$215,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $156.48
  • 2 Days on Market
  • MLS # : 14481583
  • Updated Date : 12/05/2020 at 11:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,374 sqft
  • Baths : 2 full
Listing Agent

Dfw Legacy Group

Listing Agent's Description

Welcome home! This split 3 bedroom 2 bath ranch style home exudes traditional charm with modern finishes. No expense was spared in this full scale renovation that was taken down to the studs. The kitchen boasts new cabinets, all new stainless steel appliances, granite counter tops, and an eat-in peninsula that overlooks the living room. The finish out includes fresh exterior and interior paint, brand new fixtures, with new floors throughout the entire house. Enjoy the energy efficiency of new insulation, radiant barrier decking, new roof, a fully updated HVAC system, and new electric panel and wiring. Located on an oversized corner lot within minutes to the Birdville ISD schools, and easy access to highways!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Alta Vista Acres

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $76k243k

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

Neighborhood: Alta Vista Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7061734

* 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
John D. Spicer Elementary School Primary Regular 646 39 6
North Oaks Middle School Middle Regular 580 43 5
Haltom High School High Regular 2,581 162 4

John D. Spicer Elementary School

  • Education Level: Primary
  • # of students: 646
  • # of teachers: 39
6
GreatSchools Rating

North Oaks Middle School

  • Education Level: Middle
  • # of students: 580
  • # of teachers: 43
5
GreatSchools Rating

Haltom High School

  • Education Level: High
  • # of students: 2,581
  • # of teachers: 162
4
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$793
Property Tax -$484
Property Insurance -$107
Property Management Fees -$99
CASH FLOW
-$93

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.

$215,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.6%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,036

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,446

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,4953$1,4954$1,4955$1,595
$1,595
RENT COMPS ANALYSIS
  • 4632 Estes Park Road Haltom City, TX 1
    • 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.01
    •  
  • 6740 Black Wing Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1993
    LEASED 01/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.06
    •  
  • 4104 Vincent Terrace Haltom City, TX 3
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1986
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.08
    •  
  • 4632 Aspen Way Haltom City, TX 4
    • 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1983
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.04
    •  
  • 6904 Chaco Trail Fort Worth, TX 5
    • 4 beds 2 baths ∙ 1,555 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,555 Sqft ∙ Built 1997
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.03
    •  
PROPERTY LISTING DETAILS
Ivana Flex
Dfw Legacy Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481583
Last Updated: 12/05/2020
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