Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5016 Doyle Street Haltom City, TX 76117

3 Beds 2 Baths 2,000 sqft Built 2020

INVESTimate

$299,000

List Price

$1,530

$1,377 - $1,683

Rent Est.

$340,412  ( +13.85%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $149.50
  • 7 Days on Market
  • MLS # : 14417874
  • Updated Date : 08/25/2020 at 18:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,000 sqft
  • Baths : 2 full
Listing Agent

Marsha Hardin Real Estate Llc

Listing Agent's Description

New Construction and ready for move in...3 Bedroom 2 Bath 2 Car Garage. Open floor plan; WBFP, Beautiful granite countertops, ceramic tile floors through out and carpet in the bedrooms. Large fenced lot...

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

Neighborhood: Browning Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $71k243k

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

Neighborhood: Browning Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6611734

* 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
David E. Smith Elementary School Primary Regular 478 29 5
Haltom Middle School Middle Regular 890 61 5
Haltom High School High Regular 2,581 162 4

David E. Smith Elementary School

  • Education Level: Primary
  • # of students: 478
  • # of teachers: 29
5
GreatSchools Rating

Haltom Middle School

  • Education Level: Middle
  • # of students: 890
  • # of teachers: 61
5
GreatSchools Rating

Haltom High School

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

$269,100$328,900$299,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

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-$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$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,103
Property Tax -$709
Property Insurance -$143
Property Management Fees -$99
CASH FLOW
-$524

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$299,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 13.85%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,235

INVESTMENT

$81,235

Down Payment
$74,750
Rehab Estimate
$2,000
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$6

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,880

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5303$1,5504$1,950
$1,950
RENT COMPS ANALYSIS
  • 5016 Doyle Street Haltom City, TX 2
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.77
    •  
  • 3432 Jack Atkins Court Haltom City, TX 1
    • 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 2002
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.88
    •  
  • 2853 Mesquite Road Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,659 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,659 Sqft ∙ Built 2017
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
  • 2832 Pacifico Way Fort Worth, TX 4
    • 4 beds 3 baths ∙ 1,937 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,937 Sqft ∙ Built 2017
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.01
    •  
PROPERTY LISTING DETAILS
Gilda Brawley
Marsha Hardin Real Estate Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417874
Last Updated: 08/25/2020
BESbswy