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7601 Bridlewood Court North Richland Hills, TX 76182

4 Beds 3 Baths 2,929 sqft Built 1994

$450,000

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $153.64
  • 4 Days on Market
  • MLS # : 14511502
  • Updated Date : 02/05/2021 at 17:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,929 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

**Multiple offers received**H&B Offers due by 9pm on Sunday 2-7-21**Seller to review and respond on Monday** DON'T BLINK or you'll miss this Derick Deguire built home located in desirable Bridlewood Estates. Beautiful home w notable wall of windows offers 2 living down w gameroom up, 2 dining, spacious bdrms, 3 car garage, & AMAZING back yard w XL POOL-SPA! Reveal your inner chef in the kitchen w dbl ovens, granite, brkfst bar, island, SS apps, & more. The master retreat overlooks backyard & has direct access to covered patio. Unwind outdoors while feeding The Black Knight in the fish pond, taking a dip in the 12ft heated diving pool-spa, tending to the greenhouse, or just simply star gaze under the gazebo.

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: Bridlewood

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Bridlewood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10412291

* 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
Green Valley Elementary School Primary Regular 491 30 10
Richland High School High Regular 2,137 135 7
Green Valley Elementary School Primary Unknown NA

Green Valley Elementary School

  • Education Level: Primary
  • # of students: 491
  • # of teachers: 30
10
GreatSchools Rating

Richland High School

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

Green Valley Elementary School

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

$405,000$495,000$450,000

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,563
Property Tax -$988
Property Insurance -$196
HOA -$13
Property Management Fees -$99
CASH FLOW
-$318

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.

$450,000

PROJECTED PRICE

$2,540

PROJECTED RENT

0.56%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,679

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,819

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5403$2,7004$2,9005$2,900
$2,900
RENT COMPS ANALYSIS
  • 7601 Bridlewood Court North Richland Hills, TX 2
    • 4 beds 3 baths ∙ 2,929 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,929 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.87
    •  
  • 7824 Vineyard Court North Richland Hills, TX 1
    • 5 beds 3 baths ∙ 2,602 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,602 Sqft ∙ Built 1999
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.94
    •  
  • 7809 Calvert Lane North Richland Hills, TX 3
    • 4 beds 3 baths ∙ 2,772 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,772 Sqft ∙ Built 1990
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.97
    •  
  • 8312 Vine Wood Drive North Richland Hills, TX 4
    • 4 beds 4 baths ∙ 3,060 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,060 Sqft ∙ Built 2003
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.95
    •  
  • 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
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.99
    •  
PROPERTY LISTING DETAILS
Chris Minteer
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14511502
Last Updated: 02/05/2021
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