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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $164.50
- 2 Days on Market
- MLS # : 14514148
- Updated Date : 02/06/2021 at 20:08
CONSTRUCTION
- Beds : 3
- Floor Size : 1,428 sqft
- Baths : 2 full
Listing Agent
Scott Real Estate
Listing Agent's Description
Multiple Offers. Highest and Best due Sunday Feb 7th by 9pm. Fantastic family home located in a great location in NRH! This home is 3 bedrooms, 2 bathrooms with a great sized lot, and a split floorplan. Home has many updates including recent paint, vinyl flooring throughout the entire home, and custom cabinets in the kitchen. Very clean and well kept. Would make a great home for a first time homebuyer or a family! Come see this home today!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Foster Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$816 |
| Property Tax | -$515 | |
| Property Insurance | -$110 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$40
|
||
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.
$234,900
PROJECTED PRICE
$1,580
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$67,999
LOAN DETAILS
$816
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $58,725 |
| Loan Amount | $176,175 |
5.33
YEARS SAVED
$13,158
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$1,574
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
6824 Stillmeadows Circle North Richland Hills, TX 3
- 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,580
- $1.11
-
6529 Ridglea Drive Watauga, TX 1
- 3 beds 2 baths ∙ 1,303 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,303 Sqft ∙ Built 1980
LEASED 04/06/20- Rent
- Rent Per SQFT
- $1,400
- $1.07
-
7025 Hanging Cliff Place North Richland Hills, TX 2
- 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1984
LEASED 08/13/20- Rent
- Rent Per SQFT
- $1,495
- $1.11
-
7809 Tyra Court Watauga, TX 4
- 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1982
LEASED 11/23/20- Rent
- Rent Per SQFT
- $1,650
- $1.10
-
7809 Tyra Watauga, TX 5
- 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1982
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,697
- $1.13
PROPERTY LISTING DETAILS
Scott Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14514148
Last Updated: 02/06/2021
