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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $168.28
- 3 Days on Market
- MLS # : 14512969
- Updated Date : 02/06/2021 at 19:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,485 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
MULTIPLE OFFERS RECEIVED DEADLINE 7PM 2-7-21 Adorably Updated Home in the Heart of North Richland Hills! Home Sits Nestled in Established Neighborhood in Cul-de-Sac, Among Mature Shade Trees. Farmhouse Inspired Updates Throughout! From the Freshly Painted White Exterior with Black Finishes to the Update Bathrooms Featuring Subway Tile, Lavish Hardware Finishes, Custom Shelving and Lovely Painted Kitchen Cabinets, this Home Will Not Disappoint! Versatile Spit Floor Plan, Spacious Living Room and Kitchen with Breakfast Bar Top and Eat-In Kitchen Dining, Separate Laundry Room. Private Master Bedroom, Master Bathroom Complete with Double Vanity Sinks, Oversized Shower, and Separate Closets. New Roof in Summer 2020.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76182
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$548 | |
| Property Insurance | -$113 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$38
|
||
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.
$249,900
PROJECTED PRICE
$1,590
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$71,974
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,475 |
| Loan Amount | $187,425 |
3.58
YEARS SAVED
$8,260
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$1,611
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
7604 Doris Court North Richland Hills, TX 2
- 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $1,590
- $1.07
-
7430 Sandhurst Lane North Richland Hills, TX 1
- 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1978
LEASED 02/13/20- Rent
- Rent Per SQFT
- $1,500
- $1.04
-
7437 Chelmsford Place North Richland Hills, TX 3
- 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1978
LEASED 10/14/20- Rent
- Rent Per SQFT
- $1,595
- $1.10
-
7609 Kimberly Court North Richland Hills, TX 4
- 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1985
LEASED 03/05/20- Rent
- Rent Per SQFT
- $1,600
- $1.07
-
7421 Dana Lane North Richland Hills, TX 5
- 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1987
LEASED 12/30/20- Rent
- Rent Per SQFT
- $1,775
- $1.13
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14512969
Last Updated: 02/06/2021
