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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $150.25
- 8 Days on Market
- MLS # : 14518440
- Updated Date : 02/16/2021 at 14:32
CONSTRUCTION
- Beds : 4
- Floor Size : 2,828 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty Llc
Listing Agent's Description
This house will not last long. It is perfect for a large family. It boasts a large welcoming entry leading into the spacious open floor plan. Downstairs features custom lighting. The master offers a beautiful bay window, and a huge soaker tub in the ensuite. The office is a plus with french doors for privacy. Upstairs offers a large living or game room along with 3 bedrooms. Step outside the kitchen to a beautiful outdoor oasis with a custom pavestone patio. The large back yard offers privacy with a beautiful 8' privacy fence. Property also has an 8x12 Tuff shed in the back yard with electricty.
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: Stoney Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stoney Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,450 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$932 | |
| Property Insurance | -$191 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$248
|
||
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.
$424,900
PROJECTED PRICE
$2,450
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$118,349
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,225 |
| Loan Amount | $318,675 |
1.58
YEARS SAVED
$4,065
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,450
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,616
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
7000 Herman Jared Drive North Richland Hills, TX 1
- 4 beds 3 baths ∙ 2,828 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,828 Sqft ∙ Built 1999
![property image]()
- Rent
- Rent Per SQFT
- $2,450
- $0.87
-
8966 Hialeah Circle North Richland Hills, TX 2
- 3 beds 2 baths ∙ 2,830 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,830 Sqft ∙ Built 1984
![property image]()
LEASED 11/08/20- Rent
- Rent Per SQFT
- $2,550
- $0.90
-
7201 W Nirvana Circle North Richland Hills, TX 3
- 4 beds 4 baths ∙ 3,000 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,000 Sqft ∙ Built 2017
![property image]()
LEASED 04/11/20- Rent
- Rent Per SQFT
- $2,600
- $0.87
-
3125 Hurstview Drive Hurst, TX 4
- 4 beds 3 baths ∙ 3,026 Sqft ∙ Built 1984 4 beds 3 baths ∙ 3,026 Sqft ∙ Built 1984
![property image]()
LEASED 10/02/19- Rent
- Rent Per SQFT
- $2,850
- $0.94
-
7149 Stone Villa Circle North Richland Hills, TX 5
- 4 beds 4 baths ∙ 2,920 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,920 Sqft ∙ Built 2007
![property image]()
LEASED 12/21/20- Rent
- Rent Per SQFT
- $2,900
- $0.99
PROPERTY LISTING DETAILS
Exp Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14518440
Last Updated: 02/16/2021
