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5636 Traveller Drive North Richland Hills, TX 76180

3 Beds 2 Baths 2,170 sqft Built 2020

$379,415

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $174.85
  • 3 Days on Market
  • MLS # : 14471320
  • Updated Date : 11/13/2020 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,170 sqft
  • Baths : 2 full
Listing Agent

Ultima Real Estate

Listing Agent's Description

Beautiful 1 story Villa- has upgraded kitchen with granite counter tops, SS appliances, walk in pantry, open floorplan. Within walking distance to the Tex-Rail. Faces common area, and much more!! November 2020 completion.

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$341,474$417,357$379,415

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,400
Property Tax -$833
Property Insurance -$153
HOA -$120
Property Management Fees -$99
CASH FLOW
-$694

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.

$379,415

PROJECTED PRICE

$1,910

PROJECTED RENT

0.50%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$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$102,545

INVESTMENT

$102,545

Down Payment
$94,854
Rehab Estimate
$2,000
Closing Costs
$5,691

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,400

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,854
Loan Amount $284,561
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$12

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,910

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8503$1,8994$1,9105$2,000
$2,000
RENT COMPS ANALYSIS
  • 5636 Traveller Drive North Richland Hills, TX 4
    • 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.88
    •  
  • 6204 Dream Dust Drive North Richland Hills, TX 1
    • 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2005
    property image
    LEASED 05/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 7305 Circle Drive North Richland Hills, TX 2
    • 3 beds 2 baths ∙ 2,220 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,220 Sqft ∙ Built 2001
    property image
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
  • 6248 Dream Dust Drive North Richland Hills, TX 3
    • 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2005
    property image
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.87
    •  
  • 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
    property image
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.88
    •  
PROPERTY LISTING DETAILS
Mey-ling Pauri
Ultima Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471320
Last Updated: 11/13/2020
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