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5260 Dillon Circle Haltom City, TX 76137

3 Beds 2 Baths 2,246 sqft Built 1999

$253,900

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1999
  • Price/Sqft : $113.05
  • 12 Days on Market
  • MLS # : 14459175
  • Updated Date : 10/26/2020 at 14:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,246 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

CHARMING 3 BEDROOM, 2 BATHROOM BRICK HOME IN HALTOM CITY! There are many memories to be made in this spacious home graced with beautiful floors and a large backyard. The gourmet kitchen boasts a breakfast bar, stainless steel appliances, and a large walk-in pantry. Unwind in the private primary suite featuring a separate shower, dual sinks, and a walk-in closet. Relax on the spacious patio overlooking the lush backyard with plenty of room to play. Great location near several parks, schools, and Big Fossil Creek! Photos are virtually staged. Size of furniture and decorations are for reference only. Buyer & Buyer Agent to verify all info including, but not limited to, room dimensions, features, schools.

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: Fossil Springs

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320kPrice in $76k336k

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

Neighborhood: Fossil Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800190020002100Rent in $7062171

* 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
 

$228,510$279,290$253,900

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$937
Property Tax -$572
Property Insurance -$157
HOA -$12
Property Management Fees -$99
CASH FLOW
-$56

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.

$253,900

PROJECTED PRICE

$1,720

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.1%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,034

INVESTMENT

$73,034

Down Payment
$63,475
Rehab Estimate
$5,750
Closing Costs
$3,809

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,475
Loan Amount $190,425
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$8,807

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,808

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7203$1,7504$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 5260 Dillon Circle Haltom City, TX 2
    • 3 beds 2 baths ∙ 2,246 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,246 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.77
    •  
  • 5708 Frio Drive Haltom City, TX 1
    • 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 1999
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.80
    •  
  • 6804 Braeview Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,086 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,086 Sqft ∙ Built 1996
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 5825 Clear Creek Drive Haltom City, TX 4
    • 4 beds 2 baths ∙ 2,404 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,404 Sqft ∙ Built 1997
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.77
    •  
  • 6735 Amberdale Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,335 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,335 Sqft ∙ Built 1996
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
PROPERTY LISTING DETAILS
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14459175
Last Updated: 10/26/2020
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