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7513 Kingswood Court North Richland Hills, TX 76182

3 Beds 2 Baths 2,072 sqft Built 1985

$356,600

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $172.10
  • 5 Days on Market
  • MLS # : 14526015
  • Updated Date : 03/03/2021 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,072 sqft
  • Baths : 2 full
Listing Agent

Elite Agents

Listing Agent's Description

Located next to Adventure World Playground! 2 owner home and current owner for 32 years! Located on a private cul de sac and in the sought after Birdville ISD! 3 bedroom, 2 bath, living, breakfast area, dining area, swing entry 2 car garage, beautiful lawn, and a stunning back yard with large mature Oak trees estimated to be over 50 years old! Interior features beautiful woodwork throughout with wood laminate flooring, wood trim, and wood wainscoting. Don't miss the beautiful wood burning brick fireplace in the living! Open kitchen with double oven and cooktop. Master bedroom has large sitting area. Step out onto the covered back patio and see the large mature trees, lush landscaping, and privacy! A must see!

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: 76182

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 76182

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10812171

* 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
Richland High School High Regular 2,137 135 7
Richland High School High Unknown NA

North Ridge Elementary School

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

Richland High School

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

Richland High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$320,940$392,260$356,600

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,239
Property Tax -$783
Property Insurance -$147
Property Management Fees -$99
CASH FLOW
-$367

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.

$356,600

PROJECTED PRICE

$1,900

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$100,249

INVESTMENT

$100,249

Down Payment
$89,150
Rehab Estimate
$5,750
Closing Costs
$5,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,239

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,150
Loan Amount $267,450
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$413

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,974

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,9003$1,9504$2,0505$2,175
$2,175
RENT COMPS ANALYSIS
  • 7513 Kingswood Court North Richland Hills, TX 2
    • 3 beds 2 baths ∙ 2,072 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,072 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.92
    •  
  • 7340 Post Oak Drive North Richland Hills, TX 1
    • 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 1985
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
  • 7340 Cottonwood Court North Richland Hills, TX 3
    • 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 1996
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.98
    •  
  • 8001 Arlie Lane North Richland Hills, TX 4
    • 3 beds 2 baths ∙ 2,204 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,204 Sqft ∙ Built 1990
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.93
    •  
  • 7321 Plumwood Drive North Richland Hills, TX 5
    • 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1989
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.96
    •  
PROPERTY LISTING DETAILS
Scott Ashford
Elite Agents
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14526015
Last Updated: 03/03/2021
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