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5641 Guadalajara Drive North Richland Hills, TX 76180

3 Beds 2 Baths 1,712 sqft Built 1984

$243,900

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $142.46
  • 4 Days on Market
  • MLS # : 14476536
  • Updated Date : 12/03/2020 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,712 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Fort Worth

Listing Agent's Description

Welcome Home! Beautiful home in the sought after North Richland Hills. Captivating home is just what you want for Christmas! Very Well Maintained Home and Manicured Lawn. Large master and ensuite, secondary bedrooms are quit large for spare bedrooms with walk in closets. Guest bath has been somewhat remodeled. Large den with oversized hearth at fireplace. Home was built in 1984 but you would never know it, with its open concept! Large dining and the sweetest room behind the dining that could be used for what ever your heart desires! Are you looking for storage space, then this is your home! Extra closet in the large washroom with storage in the garage of almost the same size as washroom! LUV,LUV,LUV

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Holiday West

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Holiday West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Holiday Heights Elementary School Primary Regular 686 41 6
North Richland Middle School Middle Regular 827 57 7
Richland High School High Regular 2,137 135 7

Holiday Heights Elementary School

  • Education Level: Primary
  • # of students: 686
  • # of teachers: 41
6
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
 

$219,510$268,290$243,900

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$900
Property Tax -$535
Property Insurance -$126
Property Management Fees -$99
CASH FLOW
$50

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$243,900

PROJECTED PRICE

$1,710

PROJECTED RENT

0.70%

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) 8.00%
Vacancy 6.39%
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$900k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,384

INVESTMENT

$70,384

Down Payment
$60,975
Rehab Estimate
$5,750
Closing Costs
$3,659

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,975
Loan Amount $182,925
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$17,490

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,708

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6503$1,6704$1,6755$1,710
$1,710
RENT COMPS ANALYSIS
  • 5641 Guadalajara Drive North Richland Hills, TX 5
    • 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $1.00
    •  
  • 7120 Meadow Park North Richland Hills, TX 1
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1979
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.01
    •  
  • 5637 Puerto Vallarta Drive North Richland Hills, TX 2
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1984
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 5517 Meadow Oak Street North Richland Hills, TX 3
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1979
    LEASED 09/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $1.01
    •  
  • 5505 Meadow Oak Street North Richland Hills, TX 4
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1979
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.98
    •  
PROPERTY LISTING DETAILS
Redonna Dunlap
Jp And Associates Fort Worth
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14476536
Last Updated: 12/03/2020
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