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7259 Windcrest Court North Richland Hills, TX 76182

3 Beds 2 Baths 1,468 sqft Built 1991

$225,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $153.27
  • 3 Days on Market
  • MLS # : 14473001
  • Updated Date : 11/20/2020 at 19:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,468 sqft
  • Baths : 2 full
Listing Agent

Susy Saldivar Real Estate

Listing Agent's Description

***Multiple Offers Made!! BEST & FINAL DUE SUNDAY NOV 22nd BY 12:00 Noon - No showings after 5:00 PM Saturday Nov 21st! *** Cozy home is on spacious corner lot in a quiet cul-de-sac in the desirable Birdville ISD. This home offers an open floorpan with split bedrooms. The master suite has a built in computer center and a bay window that offers plenty of natural light. Master bathroom has a double vanity, garden tub and two walk-in closets. The kitchen has plenty of cabinet space with a walk in pantry. Conveniently located just minutes from Cross Timbers park, dining, shopping and major freeways.

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: Windcrest

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $112k244k

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

Neighborhood: Windcrest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9791786

* 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
North Ridge Middle School Middle Regular 800 52 8
North Ridge Middle School High Regular 800 52 8

North Ridge Elementary School

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

North Ridge Middle School

  • Education Level: Middle
  • # of students: 800
  • # of teachers: 52
8
GreatSchools Rating

North Ridge Middle School

  • Education Level: High
  • # of students: 800
  • # of teachers: 52
8
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$830
Property Tax -$494
Property Insurance -$112
Property Management Fees -$99
CASH FLOW
$65

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.

$225,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.2%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$17,998

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,596

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5754$1,6005$1,750
$1,750
RENT COMPS ANALYSIS
  • 7259 Windcrest Court North Richland Hills, TX 4
    • 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.09
    •  
  • 7025 Hanging Cliff Place North Richland Hills, TX 1
    • 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1984
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.11
    •  
  • 7300 Windhaven Road North Richland Hills, TX 2
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1983
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.04
    •  
  • 7048 Green Ridge Trail North Richland Hills, TX 3
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1985
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.11
    •  
  • 7416 Meadowview Terrace North Richland Hills, TX 5
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1985
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.09
    •  
PROPERTY LISTING DETAILS
Linda Wright
Susy Saldivar Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473001
Last Updated: 11/20/2020
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