Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

741 Evergreen Drive Hurst, TX 76054

3 Beds 2 Baths 2,107 sqft Built 1997

$339,999

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • . 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

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k337k

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

Neighborhood: Wintergreen North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9852627

* 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
W. A. Porter Elementary School Primary Regular 480 35 9
Smithfield Middle School Middle Regular 818 49 10
Birdville High School High Regular 2,083 125 7

W. A. Porter Elementary School

  • Education Level: Primary
  • # of students: 480
  • # of teachers: 35
9
GreatSchools Rating

Smithfield Middle School

  • Education Level: Middle
  • # of students: 818
  • # of teachers: 49
10
GreatSchools Rating

Birdville High School

  • Education Level: High
  • # of students: 2,083
  • # of teachers: 125
7
GreatSchools Rating
 

$305,999$373,999$339,999

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $254,999
See What Happens When You Reinvest Cash Flow

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
$1,895
1$1,8952$1,9253$2,0004$2,0005$2,020
$2,020
RENT COMPS ANALYSIS
  • 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
Shannon Schreyer
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485606
Last Updated: 12/12/2020
BESbswy