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5828 Echo Bluff Drive Haltom City, TX 76137

4 Beds 3 Baths 2,537 sqft Built 1995

$295,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $116.28
  • 1 Days on Market
  • MLS # : 14532550
  • Updated Date : 03/13/2021 at 14:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,537 sqft
  • Baths : 2 full , 1 half
Listing Agent

Texas Real Estates

Listing Agent's Description

This Home has a beautiful curb appeal, wonderful floorplan with 4 bedrooms. Upgraded additional side concrete driveway for RV or boat parking. NO HOA. Kitchen opens to living family room and backyard cover patio for family indoor and outdoor activities. Home features enclosed patio for plant nursery or sunroom. Storage shed for all your landscaping tools. Master bedroom has a large walk in closet. Home needs some TLC. Sell AS - IS. Listing price reflects the condition. Kitchen refrigerator, furniture, pot plants & flowers, lots of flower pots, plant pottery, tons of garden bricks, custom sprinkler systems in backyard remain with buyers unless request to remove in the contract.

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 Beach

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320kPrice in $76k336k

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

Neighborhood: Fossil Beach

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800190020002100Rent in $7062171

* 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
Parkview Elementary School Primary Regular 669 48 5
Fossil Ridge High School High Regular 2,308 133 7
Parkview Elementary School Primary Unknown NA

Parkview Elementary School

  • Education Level: Primary
  • # of students: 669
  • # of teachers: 48
5
GreatSchools Rating

Fossil Ridge High School

  • Education Level: High
  • # of students: 2,308
  • # of teachers: 133
7
GreatSchools Rating

Parkview Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,025
Property Tax -$664
Property Insurance -$174
Property Management Fees -$99
CASH FLOW
$28

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.

$295,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 11.5%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$14,161

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,953

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$1,9904$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 5828 Echo Bluff Drive Haltom City, TX 3
    • 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.78
    •  
  • 5825 Clear Creek Drive Haltom City, TX 1
    • 4 beds 2 baths ∙ 2,404 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,404 Sqft ∙ Built 1997
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.77
    •  
  • 5277 Chessie Circle Haltom City, TX 2
    • 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
    •  
  • 4251 Lake Villas Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 2,644 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,644 Sqft ∙ Built 2000
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.75
    •  
  • 4270 Lake Villas Drive Fort Worth, TX 5
    • 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
    •  
PROPERTY LISTING DETAILS
Minh Le
Texas Real Estates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532550
Last Updated: 03/13/2021
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