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6933 Westbury Drive North Richland Hills, TX 76180

4 Beds 3 Baths 3,067 sqft Built 2016

$378,900

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $123.54
  • 3 Days on Market
  • MLS # : 14524578
  • Updated Date : 03/06/2021 at 12:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,067 sqft
  • Baths : 3 full
Listing Agent

Fathom Realty, Llc

Listing Agent's Description

This beautiful home in Cambridge Village is just moments away from shopping, dining and parks. As you enter, you will be greeted with tall ceilings and natural light. The open and flowing floor plan is comprised of a large living area, dining room and a spacious kitchen and is perfect for entertaining. Enjoy elegantly prepared meals from the gourmet kitchen with a nicely sized center island, granite counters, 5 burner gas stove, and SS appliances. The owner's bedroom is on the 1st floor and it offers a sitting area, large tub, and 2 walk-in closets. One bedroom down with full bath, two bedrooms up along with a large Game Room and Media Room. This home offers lots of storage and has everything you need!

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

Zip Code: 76180

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $115k244k

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

Zip Code: 76180

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9871786

* 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
Holiday Heights Elementary School Primary Regular 686 41 6
North Richland Middle School Middle Regular 827 57 7
Richland High School High Regular 2,137 135 7

Holiday Heights Elementary School

  • Education Level: Primary
  • # of students: 686
  • # of teachers: 41
6
GreatSchools Rating

North Richland Middle School

  • Education Level: Middle
  • # of students: 827
  • # of teachers: 57
7
GreatSchools Rating

Richland High School

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

$341,010$416,790$378,900

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,316
Property Tax -$831
Property Insurance -$204
HOA -$58
Property Management Fees -$99
CASH FLOW
-$309

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.

$378,900

PROJECTED PRICE

$2,200

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,159

INVESTMENT

$106,159

Down Payment
$94,725
Rehab Estimate
$5,750
Closing Costs
$5,684

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,316

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,725
Loan Amount $284,175
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,229

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,699

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,8954$2,9005$2,995
$2,995
RENT COMPS ANALYSIS
  • 6933 Westbury Drive North Richland Hills, TX 2
    • 4 beds 3 baths ∙ 3,067 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,067 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.72
    •  
  • 5801 Robins Way North Richland Hills, TX 1
    • 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2001
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.78
    •  
  • 6209 Winter Park Drive North Richland Hills, TX 3
    • 4 beds 3 baths ∙ 3,261 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,261 Sqft ∙ Built 2006
    property image
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.89
    •  
  • 8505 Olmstead Terrace North Richland Hills, TX 4
    • 3 beds 3 baths ∙ 3,195 Sqft ∙ Built 2002 3 beds 3 baths ∙ 3,195 Sqft ∙ Built 2002
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.91
    •  
  • 6901 Cambridge Drive North Richland Hills, TX 5
    • 5 beds 3 baths ∙ 3,180 Sqft ∙ Built 2016 5 beds 3 baths ∙ 3,180 Sqft ∙ Built 2016
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.94
    •  
PROPERTY LISTING DETAILS
Katia Munoz
Fathom Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14524578
Last Updated: 03/06/2021
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