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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $148.80
- 4 Days on Market
- MLS # : 14470079
- Updated Date : 11/13/2020 at 20:04
CONSTRUCTION
- Beds : 3
- Floor Size : 2,117 sqft
- Baths : 2 full
Listing Agent
Re/max Trinity
Listing Agent's Description
This stunning fully remodeled home won't last long! Great location Near Iron horse Golf Course with easy access to Hwy 820 & Denton Hwy. The kitchen boasts quartz counters, all new appliances, new dishwasher, & upgraded lighting. There is all new paint inside & out. There are 2 flex spaces that could be used as an office or game room. Quartz counters are in both bathrooms. The large master bathroom has all-new fixtures, a new shower, stand-alone tub, beautiful new tile & has a spa-like feel. New flooring throughout, new water heater, & the roof was replaced in Aug of 2020. This home has a rear entry with an electric gate. **multiple offers received. All offers due Sunday, Nov 15th by noon
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Holiday Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Holiday Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$691 | |
| Property Insurance | -$150 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$372
|
||
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.
$315,000
PROJECTED PRICE
$1,730
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
0.33
YEARS SAVED
$259
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,921
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
6625 Pleasant Ridge Drive North Richland Hills, TX 2
- 3 beds 2 baths ∙ 2,117 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,117 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $1,730
- $0.82
-
6717 Riviera Drive North Richland Hills, TX 1
- 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1981
![property image]()
LEASED 08/19/19- Rent
- Rent Per SQFT
- $1,650
- $0.92
-
6525 Victoria Avenue North Richland Hills, TX 3
- 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 1977
![property image]()
LEASED 02/03/20- Rent
- Rent Per SQFT
- $1,800
- $0.91
-
4633 Hillside Drive North Richland Hills, TX 4
- 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 1984
![property image]()
LEASED 12/10/19- Rent
- Rent Per SQFT
- $1,895
- $0.95
-
4917 Reynolds Road North Richland Hills, TX 5
- 4 beds 2 baths ∙ 2,331 Sqft ∙ Built 1965 4 beds 2 baths ∙ 2,331 Sqft ∙ Built 1965
![property image]()
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,975
- $0.85
PROPERTY LISTING DETAILS
Re/max Trinity
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14470079
Last Updated: 11/13/2020
