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5869 Echo Bluff Drive Haltom City, TX 76137

3 Beds 2 Baths 1,984 sqft Built 1996

$269,900

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $136.04
  • 3 Days on Market
  • MLS # : 14525545
  • Updated Date : 03/05/2021 at 19:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,984 sqft
  • Baths : 2 full
Listing Agent

Camino Real Estate

Listing Agent's Description

This IMMACULATE split bedroom home with 3 beds, 2 baths is in the coveted Keller ISD and is a MUST SEE!! It has TWO large living areas with a beautiful white kitchen with skylights and TONS of natural light! FRESH paint throughout, 2 year old roof, and UPDATED fireplace! Minutes from restaurants and shops on Beach street! Come see it today, it won't last long!!

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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$937
Property Tax -$608
Property Insurance -$142
Property Management Fees -$99
CASH FLOW
-$46

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.

$269,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.64%

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

PROJECTED ANNUAL CASH FLOW

11530-$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$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,286

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,676

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7404$1,7905$1,850
$1,850
RENT COMPS ANALYSIS
  • 5869 Echo Bluff Drive Haltom City, TX 3
    • 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.88
    •  
  • 5708 Frio Drive Haltom City, TX 1
    • 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 1999
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.80
    •  
  • 4316 Estes Park Road Haltom City, TX 2
    • 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1994
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
  • 4909 Lodgepole Lane Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,183 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,183 Sqft ∙ Built 1998
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.82
    •  
  • 4913 Orchid Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,103 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,103 Sqft ∙ Built 2000
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.88
    •  
PROPERTY LISTING DETAILS
Samuel Mason
Camino Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14525545
Last Updated: 03/05/2021
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