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7909 Whispering Woods Lane North Richland Hills, TX 76182

4 Beds 3 Baths 2,430 sqft Built 1989

$340,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $139.92
  • 4 Days on Market
  • MLS # : 14511379
  • Updated Date : 02/04/2021 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,430 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ready Real Estate

Listing Agent's Description

Beautiful move-in-ready home in a stellar location. Master down with a full bath with separate jetted tub, shower, and walk-in closet and bumped-out window seat. 3 beds and large game room with built in cabinets up. The dining room sits off the entry and takes you into the large kitchen that features granite counters, stainless appliances, walk-in pantry and eat-in-kitchen area. Substantial living room features a fireplace and views to the large backyard that is perfect for entertaining. Just off the breakfast area you can access the backyard with a generous patio space and a fire pit area centerpiece perfect for before-dinner drinks or after-dinner s'mores. No HOA easy access to schools and freeways.

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: Ember Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Ember Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10412277

* 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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,181
Property Tax -$746
Property Insurance -$168
Property Management Fees -$99
CASH FLOW
$16

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.

$340,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.65%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$15,580

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,290

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,2103$2,2504$2,4505$2,700
$2,700
RENT COMPS ANALYSIS
  • 7909 Whispering Woods Lane North Richland Hills, TX 2
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.91
    •  
  • 8001 Arlie Lane North Richland Hills, TX 1
    • 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
    •  
  • 7837 Harvest Hill Road North Richland Hills, TX 3
    • 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2003
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.93
    •  
  • 7824 Vineyard Court North Richland Hills, TX 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Flora Biscotto
Ready Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14511379
Last Updated: 02/04/2021
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