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7937 Hunter Lane North Richland Hills, TX 76182

3 Beds 2 Baths 1,698 sqft Built 1987

$289,900

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $170.73
  • 3 Days on Market
  • MLS # : 14515350
  • Updated Date : 02/12/2021 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,698 sqft
  • Baths : 2 full
Listing Agent

Smart Realty

Listing Agent's Description

This 3 bedroom 2 bath pool home is move in ready! Located in Fair Oaks Estates and the award winning Birdville ISD! Laminate floors throughout, ample cabinet and countertop space. Neutral paint, Plantation shutters. Updated bathrooms. Jetted tub in master with separate shower. Private backyard that backs up to acreage with in ground pebble tech play pool. Great for entertaining this summer! Backyard shed complete with electricity.

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
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,007
Property Tax -$636
Property Insurance -$125
Property Management Fees -$99
CASH FLOW
-$147

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.

$289,900

PROJECTED PRICE

$1,720

PROJECTED RENT

0.59%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$3,898

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,740

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,720
1$1,7202$1,8503$1,9004$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 7937 Hunter Lane North Richland Hills, TX 1
    • 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.01
    •  
  • 7324 Oak Ridge Drive North Richland Hills, TX 2
    • 4 beds 2 baths ∙ 1,813 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,813 Sqft ∙ Built 1995
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.02
    •  
  • 7801 Aubrey Lane North Richland Hills, TX 3
    • 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 1985
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.08
    •  
  • 7908 Kendra Lane North Richland Hills, TX 4
    • 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 1987
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
  • 7340 Cottonwood Court North Richland Hills, TX 5
    • 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 1996
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.98
    •  
PROPERTY LISTING DETAILS
Sarah Brooks
Smart Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14515350
Last Updated: 02/12/2021
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