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5705 Kelly Court Haltom City, TX 76137

4 Beds 3 Baths 2,605 sqft Built 1999

$329,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $126.30
  • 1 Days on Market
  • MLS # : 14532649
  • Updated Date : 03/13/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,605 sqft
  • Baths : 2 full , 1 half
Listing Agent

Avazco Realty Group

Listing Agent's Description

COME CHECK OUT THIS AMAZING OPEN CONCEPT 2 STORY BRICK HOME NESTLED IN A CULDESAC. 4 BEDROOMS, 2.5 BATH WITH A COZY SEE THROUGH FIREPLACE TO MASTER BATH. 3 LIVING AREAS , 2 DINING AREAS . UPDATED KITCHEN WITH STAINLESS STEEL KITCHEN AID APPLIANCES,GRANITE COUNTERTOPS. GORGEOUS EXTENDED COVERED PATIO WHICH INCLUDES A BEAUTIFULL LANDSCAPE WITH FLAGSTONE ROCK FROM FRONT OF HOME TO SIDE ENTRY GATE. 8 ZONE SPRINKLER SYSTEM. OVERSIZED GARAGE. A MUST SEE...

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Fossil Ridge

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $76k282k

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

Neighborhood: Fossil Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800190020002100Rent in $7062165

* 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
 

$296,100$361,900$329,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,143
Property Tax -$741
Property Insurance -$178
Property Management Fees -$99
CASH FLOW
-$150

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.

$329,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.6%
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$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

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$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$4,845

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,208

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,0003$2,0104$2,2005$2,500
$2,500
RENT COMPS ANALYSIS
  • 5705 Kelly Court Haltom City, TX 3
    • 4 beds 3 baths ∙ 2,605 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,605 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.77
    •  
  • 5277 Chessie Circle Haltom City, TX 1
    • 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 1999
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.77
    •  
  • 4270 Lake Villas Drive Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,522 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,522 Sqft ∙ Built 1999
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 4029 Esker Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2019
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.88
    •  
  • 5840 Tuleys Creek Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2009
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.95
    •  
PROPERTY LISTING DETAILS
Clevin Brown
Avazco Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532649
Last Updated: 03/13/2021
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