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8121 Biscayne Court North Richland Hills, TX 76182

4 Beds 4 Baths 4,252 sqft Built 2009

$640,000

List Price

$3,950

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $150.52
  • 5 Days on Market
  • MLS # : 14464239
  • Updated Date : 11/11/2020 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,252 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Classic elegance is yours in this impeccably maintained two story home situated on a cul de sac in Thornbridge East. This stunning home captures beauty both inside and out. The abundance of windows allows the outdoors to flow seamlessly to the indoors making this a remarkable home and setting! From the moment you enter you will be drawn to the amazing open floor plan made for entertaining. Gourmet kitchen, office, large secondary bedrooms, gameroom and media room provide a place for everyone. Filled with the finest appointments, the amenities are plentiful. Amazing backyard oasis offering outdoor living area, water feature and plenty of room for family fun complete this package. Please see TransactionDesk

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: Thornbridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k468k

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

Neighborhood: Thornbridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10413182

* 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
W. A. Porter Elementary School Primary Regular 480 35 9
Smithfield Middle School Middle Regular 818 49 10
Birdville High School High Regular 2,083 125 7

W. A. Porter Elementary School

  • Education Level: Primary
  • # of students: 480
  • # of teachers: 35
9
GreatSchools Rating

Smithfield Middle School

  • Education Level: Middle
  • # of students: 818
  • # of teachers: 49
10
GreatSchools Rating

Birdville High School

  • Education Level: High
  • # of students: 2,083
  • # of teachers: 125
7
GreatSchools Rating
 

$576,000$704,000$640,000

PURCHASE PRICE

$3,555$4,345$3,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,950
EXPENSES Loan Payment -$2,361
Property Tax -$1,404
Property Insurance -$273
HOA -$25
Property Management Fees -$99
CASH FLOW
-$213

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.

$640,000

PROJECTED PRICE

$3,950

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 2.5%
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-$10k-$5.0k$0.0$5.0k$10k$15k

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$175,350

INVESTMENT

$175,350

Down Payment
$160,000
Rehab Estimate
$5,750
Closing Costs
$9,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $160,000
Loan Amount $480,000
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$17,814

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,950

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $4,008

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$3,750
1$3,7502$3,8503$3,9504$4,0005$4,100
$4,100
RENT COMPS ANALYSIS
  • 8121 Biscayne Court North Richland Hills, TX 3
    • 4 beds 4 baths ∙ 4,252 Sqft ∙ Built 2009 4 beds 4 baths ∙ 4,252 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $0.93
    •  
  • 7204 Everglade Drive North Richland Hills, TX 1
    • 5 beds 5 baths ∙ 4,363 Sqft ∙ Built 2015 5 beds 5 baths ∙ 4,363 Sqft ∙ Built 2015
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $0.86
    •  
  • 1505 Sustrik Court Keller, TX 2
    • 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
    •  
  • 3230 Creek Road Keller, TX 4
    • 4 beds 5 baths ∙ 4,000 Sqft ∙ Built 2000 4 beds 5 baths ∙ 4,000 Sqft ∙ Built 2000
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.00
    •  
  • 7025 Benjamin Way Colleyville, TX 5
    • 5 beds 6 baths ∙ 3,933 Sqft ∙ Built 2014 5 beds 6 baths ∙ 3,933 Sqft ∙ Built 2014
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.04
    •  
PROPERTY LISTING DETAILS
Diane Grove
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464239
Last Updated: 11/11/2020
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