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7928 Kendra Lane North Richland Hills, TX 76182

4 Beds 3 Baths 2,466 sqft Built 1989

$385,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $156.12
  • 3 Days on Market
  • MLS # : 14517930
  • Updated Date : 02/12/2021 at 21:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,466 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

OPEN HOUSE SAT, 2-13, 1-4PM & SUN 2-14, 1-4PM! MOVE-IN READY single story home w-flexible, inviting floorplan & spacious entertaining areas! UPDATES GALORE! Tall Ceilings! 2 LIVING & 2 DINING! Kitchen features stainless steel appliances, built-in cabinetry & breakfast bar. Stunning floor to ceiling brick fireplace in family room. Owner's retreat offers dual vanities, upgraded freestanding tub, large walk-in closet & UPDATED shower! 3 secondary bedrooms offer large closets. Use 1 for a STUDY! POOLSIZED backyard w-PERGOLA, flagstone patio, as well as plenty of space for your kids or pups to play. Centrally located near dining and shopping. Birdville Schools offer tons educational opportunities! Blue Ribbon Elem!

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: Fair Oaks Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Fair Oaks Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10412171

* 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
 

$346,500$423,500$385,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,337
Property Tax -$845
Property Insurance -$170
Property Management Fees -$99
CASH FLOW
-$211

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.

$385,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.8%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,250

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,460

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,240
1$2,2402$2,2453$2,2504$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 7928 Kendra Lane North Richland Hills, TX 1
    • 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.91
    •  
  • 1520 Sweetgum Circle Keller, TX 2
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1991
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.98
    •  
  • 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
    •  
  • 8105 Pecan Ridge Drive North Richland Hills, TX 4
    • 3 beds 2 baths ∙ 2,414 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,414 Sqft ∙ Built 1997
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.04
    •  
  • 8021 Kristina Lane North Richland Hills, TX 5
    • 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 1993
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.04
    •  
PROPERTY LISTING DETAILS
Kevin Rhodes
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517930
Last Updated: 02/12/2021
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