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6700 Rolling Hills Drive North Richland Hills, TX 76182

3 Beds 3 Baths 2,276 sqft Built 1999

$369,500

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $162.35
  • 3 Days on Market
  • MLS # : 14506284
  • Updated Date : 02/06/2021 at 14:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,276 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty-fm

Listing Agent's Description

Beautiful soft contemporary in Woodland Oaks on cul-de-sac lot, served by Birdville ISD. This 3 bed, 3 bath gem is updated throughout and opens onto soaring ceilings with a huge living room and gorgeous slate fireplace. Spacious kitchen offers loads of storage and prep space, with views of the covered patio and side yard. Large master with separate flex space is perfect for a home office. Great master en-suite bath features oversized seamless glass shower, dual vanities and large closet. Generous guest rooms and updated secondary bath. Enormous garage and elongated driveway has space for cars and toys, and has its own bathroom! Secondary yard accessible behind the garage! Don't miss this unique opportunity.

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: Woodland Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k347k

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

Neighborhood: Woodland Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10412437

* 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
Walker Creek Elementary School Primary Regular 653 44 7
Smithfield Middle School Middle Regular 818 49 10
Birdville High School High Regular 2,083 125 7

Walker Creek Elementary School

  • Education Level: Primary
  • # of students: 653
  • # of teachers: 44
7
GreatSchools Rating

Smithfield Middle School

  • Education Level: Middle
  • # of students: 818
  • # of teachers: 49
10
GreatSchools Rating

Birdville High School

  • Education Level: High
  • # of students: 2,083
  • # of teachers: 125
7
GreatSchools Rating
 

$332,550$406,450$369,500

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,283
Property Tax -$811
Property Insurance -$159
HOA -$38
Property Management Fees -$99
CASH FLOW
-$39

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.

$369,500

PROJECTED PRICE

$2,350

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.0%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$103,668

INVESTMENT

$103,668

Down Payment
$92,375
Rehab Estimate
$5,750
Closing Costs
$5,543

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,283

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,375
Loan Amount $277,125
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$12,770

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,088

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,0004$2,1055$2,350
$2,350
RENT COMPS ANALYSIS
  • 6700 Rolling Hills Drive North Richland Hills, TX 5
    • 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.03
    •  
  • 6705 Rolling Hills Drive North Richland Hills, TX 1
    • 3 beds 2 baths ∙ 2,234 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,234 Sqft ∙ Built 1994
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.90
    •  
  • 6705 Brazos Bend Drive North Richland Hills, TX 2
    • 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 1979
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.01
    •  
  • 2832 Naples Drive Hurst, TX 3
    • 4 beds 2 baths ∙ 2,236 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,236 Sqft ∙ Built 1994
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
  • 2624 Briargrove Drive Hurst, TX 4
    • 4 beds 2 baths ∙ 2,419 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,419 Sqft ∙ Built 1994
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,105
    • $0.87
    •  
PROPERTY LISTING DETAILS
Katherine Allen
Keller Williams Realty-fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14506284
Last Updated: 02/06/2021
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