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4821 Ash Street North Richland Hills, TX 76180

4 Beds 3 Baths 2,591 sqft Built 2020

$345,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $133.15
  • 3 Days on Market
  • MLS # : 14470808
  • Updated Date : 11/13/2020 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,591 sqft
  • Baths : 3 full
Listing Agent

Texas Connect Realty

Listing Agent's Description

BEAUTIFUL NEW CONSTRUCTION HOME BUILT WITH QUALITY MATERIAL. This brick corner lot home features 4 bedrooms with 3 FULL baths, 2 masters, double door front office, neutral colors throughout. Open concept floor plan, a dream kitchen with a large island perfect for entertaining. Wood-like tile floors, beautiful finishes, fixtures, and surfaces. Spray foam insulation, 9-foot ceilings, stainless steel appliances with a gas range, and walk-in pantry. Relax outdoors in a covered patio. Near shopping and retail. Perfect place to call home! **Motivated seller**

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: 76180

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $115k244k

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

Zip Code: 76180

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9871786

* 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
Jack C. Binion Elementary School Primary Regular 796 47 6
Richland Middle School Middle Regular 660 43 4
Birdville High School High Regular 2,083 125 7

Jack C. Binion Elementary School

  • Education Level: Primary
  • # of students: 796
  • # of teachers: 47
6
GreatSchools Rating

Richland Middle School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 43
4
GreatSchools Rating

Birdville High School

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

$310,500$379,500$345,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,273
Property Tax -$757
Property Insurance -$177
Property Management Fees -$99
CASH FLOW
-$516

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$345,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,425

INVESTMENT

$93,425

Down Payment
$86,250
Rehab Estimate
$2,000
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$23

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,401

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$2,2003$2,5004$2,975
$2,975
RENT COMPS ANALYSIS
  • 4821 Ash Street North Richland Hills, TX 1
    • 4 beds 3 baths ∙ 2,591 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,591 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.69
    •  
  • 5801 Robins Way North Richland Hills, TX 2
    • 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2001
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.78
    •  
  • 6025 Pedernales Ridge North Richland Hills, TX 3
    • 3 beds 2 baths ∙ 2,565 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,565 Sqft ∙ Built 2005
    LEASED 08/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.97
    •  
  • 8517 Newman Drive North Richland Hills, TX 4
    • 4 beds 3 baths ∙ 2,888 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,888 Sqft ∙ Built 2004
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $1.03
    •  
PROPERTY LISTING DETAILS
Lucy Enriquez
Texas Connect Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470808
Last Updated: 11/13/2020
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