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5537 Greenview Court North Richland Hills, TX 76148

4 Beds 2 Baths 2,106 sqft Built 1998

$344,900

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $163.77
  • 2 Days on Market
  • MLS # : 14484917
  • Updated Date : 12/12/2020 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,106 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Worldwide

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: Meadowlakes Villas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $88k298k

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

Neighborhood: Meadowlakes Villas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9452010

* 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
Snow Heights Elementary School Primary Regular 431 25 7
North Richland Middle School Middle Regular 827 57 7
Richland High School High Regular 2,137 135 7

Snow Heights Elementary School

  • Education Level: Primary
  • # of students: 431
  • # of teachers: 25
7
GreatSchools Rating

North Richland Middle School

  • Education Level: Middle
  • # of students: 827
  • # of teachers: 57
7
GreatSchools Rating

Richland High School

  • Education Level: High
  • # of students: 2,137
  • # of teachers: 135
7
GreatSchools Rating
 

$310,410$379,390$344,900

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,273
Property Tax -$757
Property Insurance -$149
HOA -$47
Property Management Fees -$99
CASH FLOW
-$504

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.

$344,900

PROJECTED PRICE

$1,820

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,149

INVESTMENT

$97,149

Down Payment
$86,225
Rehab Estimate
$5,750
Closing Costs
$5,174

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% 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 $86,225
Loan Amount $258,675
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$22

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,795

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6503$1,6604$1,8205$2,000
$2,000
RENT COMPS ANALYSIS
  • 5537 Greenview Court North Richland Hills, TX 4
    • 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.86
    •  
  • 5624 Lamar Street Watauga, TX 1
    • 4 beds 2 baths ∙ 1,830 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,830 Sqft ∙ Built 2005
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
  • 5512 Maurie Drive Haltom City, TX 2
    • 4 beds 2 baths ∙ 1,854 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,854 Sqft ∙ Built 1987
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
  • 5232 Westgrove Boulevard Haltom City, TX 3
    • 3 beds 2 baths ∙ 2,096 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,096 Sqft ∙ Built 2006
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.79
    •  
  • 5720 Hilton Head Drive North Richland Hills, TX 5
    • 3 beds 2 baths ∙ 2,278 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,278 Sqft ∙ Built 2005
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.88
    •  
PROPERTY LISTING DETAILS
Teresa Hill Etheridge
Berkshire Hathawayhs Worldwide
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484917
Last Updated: 12/12/2020
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