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6729 Greenleaf Drive North Richland Hills, TX 76182

3 Beds 2 Baths 1,881 sqft Built 1992

$299,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $158.96
  • 5 Days on Market
  • MLS # : 14529739
  • Updated Date : 03/10/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,881 sqft
  • Baths : 2 full
Listing Agent

Briggs Freeman Sotheby's Int'l

Listing Agent's Description

A great 3 Bedroom, 2 Bath, 2 Car garage home in Awesome NRH and Birdville ISD. Large living area with corner fireplace and a vaulted ceiling. The private master bedroom features a large walk-in closet, a spacious master bath with dual sinks, soaking tub & a separate shower. The light and bright kitchen has granite counter tops, updated ss appliances & cabinets, gas stove top, an island and opens to an inviting breakfast room with a large bay window. There is a 16X9 covered patio & a 9X9 shed in the back yard.

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: Foster Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $99k244k

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

Neighborhood: Foster Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9051786

* 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
North Ridge Elementary School Primary Regular 528 36 8
Richland High School High Regular 2,137 135 7
Richland High School High Unknown NA

North Ridge Elementary School

  • Education Level: Primary
  • # of students: 528
  • # of teachers: 36
8
GreatSchools Rating

Richland High School

  • Education Level: High
  • # of students: 2,137
  • # of teachers: 135
7
GreatSchools Rating

Richland High School

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

$269,100$328,900$299,000

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 -$1,039
Property Tax -$656
Property Insurance -$136
Property Management Fees -$99
CASH FLOW
-$190

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.

$299,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,584

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
  • $0.93

    LIST RENT PER SQFT
  • $1,876

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7403$1,7504$1,7505$2,100
$2,100
RENT COMPS ANALYSIS
  • 6729 Greenleaf Drive North Richland Hills, TX 2
    • 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.93
    •  
  • 6804 Greenleaf Drive North Richland Hills, TX 1
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1990
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 6456 Highview Terrace Watauga, TX 3
    • 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 1983
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
  • 2123 Rim Rock Drive Keller, TX 4
    • 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1994
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.99
    •  
  • 2118 Rim Rock Drive Keller, TX 5
    • 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 1991
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.02
    •  
PROPERTY LISTING DETAILS
Marilyn Newton
Briggs Freeman Sotheby's Int'l
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14529739
Last Updated: 03/10/2021
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