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6028 Bent Creek Drive Haltom City, TX 76137

3 Beds 2 Baths 1,713 sqft Built 1997

$284,900

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $166.32
  • 7 Days on Market
  • MLS # : 14491338
  • Updated Date : 12/28/2020 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,713 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Take pride in residing in this 3 bedroom, 2 full bathroom home located in the highly sought after community at Bent Creek Estates! The open-concept kitchen and living room is perfect for comfortable living and entertaining! The living room features a wall of windows allowing the natural light to cascade through the home. The kitchen is nicely equipped with dark cabinetry, beautiful countertops and glass tile backsplash. This home is situated on over a third of an acre and backs to the Whites Branch Park. The treed views are a perfect landscape to retreat to after a long day. Buyer & Buyer Agent to verify all info including, but not limited to, room dimensions, features, schools.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Bent Creek Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320kPrice in $76k336k

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

Neighborhood: Bent Creek Estates

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
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
 

$256,410$313,390$284,900

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,051
Property Tax -$641
Property Insurance -$126
Property Management Fees -$99
CASH FLOW
-$298

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.

$284,900

PROJECTED PRICE

$1,620

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.6%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$81,249

INVESTMENT

$81,249

Down Payment
$71,225
Rehab Estimate
$5,750
Closing Costs
$4,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,051

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,225
Loan Amount $213,675
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$605

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,627

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6203$1,6504$1,6955$1,800
$1,800
RENT COMPS ANALYSIS
  • 6028 Bent Creek Drive Haltom City, TX 2
    • 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.95
    •  
  • 6729 Cedar View Trail Watauga, TX 1
    • 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 2002
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.92
    •  
  • 4916 Tulip Lane Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,725 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,725 Sqft ∙ Built 1999
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 5421 Elk Ridge Drive Watauga, TX 4
    • 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2000
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.93
    •  
  • 5413 Caribou Ridge Drive Watauga, TX 5
    • 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 2000
    property image
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
PROPERTY LISTING DETAILS
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14491338
Last Updated: 12/28/2020
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