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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $161.37
- 2 Days on Market
- MLS # : 14485606
- Updated Date : 12/12/2020 at 18:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,107 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
It's TIME to MOVE! Remodeled home with great curb appeal and inviting patio great for evening dinners with the family. New wood-like indestructible flooring in the family, new carpet in the master, and new paint throughout the home! Chefs will enjoy the large updated kitchen with granite countertops, travertine BS and SS appliances! The backyard features a large flagstone patio for enjoying a break from the chaos of it all, new wrought iron fence and multi-level decking! A man cave in the back with electricity that could double as an extra shed or art studio for art enthusiasts. Buyer to purchase new survey if needed. Buyer-Buyer agent to verify info. Buyer and Buyer agent to verify all information.
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Wintergreen North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wintergreen North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,020 |
| EXPENSES | Loan Payment | -$1,254 |
| Property Tax | -$693 | |
| Property Insurance | -$149 | |
| HOA | -$3 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$179
|
||
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.
$339,999
PROJECTED PRICE
$2,020
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.7% |
| 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
$95,850
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $85,000 |
| Loan Amount | $254,999 |
2.25
YEARS SAVED
$6,355
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,020
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,028
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
741 Evergreen Drive Hurst, TX 5
- 3 beds 2 baths ∙ 2,107 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,107 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $2,020
- $0.96
-
736 Springhill Drive Hurst, TX 1
- 4 beds 2 baths ∙ 2,023 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,023 Sqft ∙ Built 1977
![property image]()
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,895
- $0.94
-
3233 David Drive Hurst, TX 2
- 3 beds 2 baths ∙ 1,925 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,925 Sqft ∙ Built 1986
![property image]()
LEASED 12/09/20- Rent
- Rent Per SQFT
- $1,925
- $1.00
-
6705 Rolling Hills Drive North Richland Hills, TX 3
- 3 beds 2 baths ∙ 2,234 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,234 Sqft ∙ Built 1994
![property image]()
LEASED 01/25/20- Rent
- Rent Per SQFT
- $2,000
- $0.90
-
6705 Brazos Bend Drive North Richland Hills, TX 4
- 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 1979
![property image]()
LEASED 11/03/20- Rent
- Rent Per SQFT
- $2,000
- $1.01
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14485606
Last Updated: 12/12/2020
