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7932 Sheffield Court North Richland Hills, TX 76182

4 Beds 5 Baths 4,493 sqft Built 2002

$629,900

List Price

$3,360

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $140.20
  • 4 Days on Market
  • MLS # : 14466677
  • Updated Date : 11/05/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,493 sqft
  • Baths : 5 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

20 Minutes to DFW Airport this Meticulously Maintained Home sits on a Private, Cul De Sac Lot!! Situated East-West, Outdoor Living w Saltwater Pool & Spa. Master & 2nd Bedroom Down. Flexible Study-Den Space & Gourmet Kitchen. Two Bedrooms Up, One Bedroom has a Sitting Area & Spacious Game-room. More Impressive Upgrades!! 3 Car Garage w Epoxy Floors & Insulated Garage Doors. Hardwoods on 1st Floor. July 2020 Roof & Gutters were Replaced w a Three Year Transferable Warranty. June 2020 Pool Speed Pump Rebuilt. 2019 Pool Heater. 2019 Salt Cell Replaced. Pool is Plumbed for Solar Heat. 2017- 3 High Efficiency AC Units. 2017 Wireless Pool Remote & Copper Drip Irrigation Sys on Patio. Family Room TV will Convey.

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: Brandonwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k392k

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

Neighborhood: Brandonwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10412707

* 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
Liberty Elementary School Primary Regular 389 29 10
Bear Creek Intermediate School Middle Regular 781 42 9
Keller High School High Regular 2,645 145 10

Liberty Elementary School

  • Education Level: Primary
  • # of students: 389
  • # of teachers: 29
10
GreatSchools Rating

Bear Creek Intermediate School

  • Education Level: Middle
  • # of students: 781
  • # of teachers: 42
9
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students: 2,645
  • # of teachers: 145
10
GreatSchools Rating
 

$566,910$692,890$629,900

PURCHASE PRICE

$3,024$3,696$3,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,360
EXPENSES Loan Payment -$2,324
Property Tax -$1,382
Property Insurance -$287
HOA -$8
Property Management Fees -$99
CASH FLOW
-$740

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.

$629,900

PROJECTED PRICE

$3,360

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.9%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,674

INVESTMENT

$172,674

Down Payment
$157,475
Rehab Estimate
$5,750
Closing Costs
$9,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,475
Loan Amount $472,425
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$384

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,360

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $3,830

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$3,360
1$3,3602$3,5003$3,7004$3,8505$3,950
$3,950
RENT COMPS ANALYSIS
  • 7932 Sheffield Court North Richland Hills, TX 1
    • 4 beds 5 baths ∙ 4,493 Sqft ∙ Built 2002 4 beds 5 baths ∙ 4,493 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $3,360
    • $0.75
    •  
  • 8008 Oak Knoll Drive North Richland Hills, TX 2
    • 4 beds 5 baths ∙ 4,505 Sqft ∙ Built 2006 4 beds 5 baths ∙ 4,505 Sqft ∙ Built 2006
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.78
    •  
  • 2013 Preston Brook Drive Keller, TX 3
    • 4 beds 4 baths ∙ 4,488 Sqft ∙ Built 2001 4 beds 4 baths ∙ 4,488 Sqft ∙ Built 2001
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.82
    •  
  • 1505 Sustrik Court Keller, TX 4
    • 5 beds 4 baths ∙ 4,416 Sqft ∙ Built 2015 5 beds 4 baths ∙ 4,416 Sqft ∙ Built 2015
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $0.87
    •  
  • 540 Chesapeake Lane Southlake, TX 5
    • 5 beds 5 baths ∙ 4,198 Sqft ∙ Built 2002 5 beds 5 baths ∙ 4,198 Sqft ∙ Built 2002
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $0.94
    •  
PROPERTY LISTING DETAILS
Richae Yeats
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466677
Last Updated: 11/05/2020
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