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529 Highland Park Drive Hurst, TX 76054

3 Beds 3 Baths 2,253 sqft Built 1986

$345,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $153.13
  • 6 Days on Market
  • MLS # : 14464682
  • Updated Date : 11/04/2020 at 03:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,253 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

One Owner Custom Built Home, Corner Lot. 3rd Living or Office sq ft is not in the tax records. Home has some updating with laminate flooring in Kitchen and Utility Room, Granite Countertops, newer electric range. HVAC July 2019, Roof 5 years old. new windows through out home. Painting and Flooring Allowance Available. Retail Stores, Restaurants, and Parks near by. Sellers have taken great care of the home. Sprinkler System in front yard, Drip System in back yard.

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: Wintergreen Acres

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k336k

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

Neighborhood: Wintergreen Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9852171

* 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
W. A. Porter Elementary School Primary Regular 480 35 9
Smithfield Middle School Middle Regular 818 49 10
Birdville High School High Regular 2,083 125 7

W. A. Porter Elementary School

  • Education Level: Primary
  • # of students: 480
  • # of teachers: 35
9
GreatSchools Rating

Smithfield Middle School

  • Education Level: Middle
  • # of students: 818
  • # of teachers: 49
10
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

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,273
Property Tax -$704
Property Insurance -$157
Property Management Fees -$99
CASH FLOW
-$143

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.

$345,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% 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

2.58

YEARS SAVED

$8,595

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,118

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0903$2,0954$2,1055$2,200
$2,200
RENT COMPS ANALYSIS
  • 529 Highland Park Drive Hurst, TX 2
    • 3 beds 3 baths ∙ 2,253 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,253 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.93
    •  
  • 6705 Rolling Hills Drive North Richland Hills, TX 1
    • 3 beds 2 baths ∙ 2,234 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,234 Sqft ∙ Built 1994
    property image
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.90
    •  
  • 2832 Naples Drive Hurst, TX 3
    • 4 beds 2 baths ∙ 2,236 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,236 Sqft ∙ Built 1994
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.94
    •  
  • 2624 Briargrove Drive Hurst, TX 4
    • 4 beds 2 baths ∙ 2,419 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,419 Sqft ∙ Built 1994
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,105
    • $0.87
    •  
  • 417 Live Oak Drive Colleyville, TX 5
    • 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 1977
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.05
    •  
PROPERTY LISTING DETAILS
Dee Kvasnicka
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464682
Last Updated: 11/04/2020
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