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816 Nuthatch Northlake, TX 76226

4 Beds 4 Baths 2,765 sqft Built 2021

$435,000

List Price

$2,680

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $157.32
  • 8 Days on Market
  • MLS # : 14493476
  • Updated Date : 01/05/2021 at 08:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,765 sqft
  • Baths : 4 full
Listing Agent

Highland Homes Realty

Listing Agent's Description

MLS# 14493476 - Built by Highland Homes - February completion! ~ The Redford is a versatile home with the master, 2nd bedroom, and 2 baths downstairs. There are two additional bedrooms upstairs each with private bath. Oversized loft area. This home is located in a cul de sac. Includes tons of upgrades, Smart home packages with 2 cameras, tankless water heater, and much more. Huge covered patio perfect for family gatherings.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 76226

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k416k

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

Zip Code: 76226

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262773

* 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
Argyle Intermediate School Primary Regular 295 17 8
Argyle Intermediate School Middle Regular 295 17 8
Argyle High School High Regular 711 50 8

Argyle Intermediate School

  • Education Level: Primary
  • # of students: 295
  • # of teachers: 17
8
GreatSchools Rating

Argyle Intermediate School

  • Education Level: Middle
  • # of students: 295
  • # of teachers: 17
8
GreatSchools Rating

Argyle High School

  • Education Level: High
  • # of students: 711
  • # of teachers: 50
8
GreatSchools Rating
 

$391,500$478,500$435,000

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$1,511
Property Tax -$865
Property Insurance -$187
HOA -$150
Property Management Fees -$99
CASH FLOW
-$132

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$435,000

PROJECTED PRICE

$2,680

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,275

INVESTMENT

$117,275

Down Payment
$108,750
Rehab Estimate
$2,000
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$9,562

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,680

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,654

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,499
1$2,4992$2,5953$2,6004$2,6505$2,680
$2,680
RENT COMPS ANALYSIS
  • 816 Nuthatch Northlake, TX 5
    • 4 beds 4 baths ∙ 2,765 Sqft ∙ Built 2021 4 beds 4 baths ∙ 2,765 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $0.97
    •  
  • 204 Bluebird Way Argyle, TX 1
    • 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2016
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $0.95
    •  
  • 840 Parkside Drive Argyle, TX 2
    • 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 2018
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.96
    •  
  • 109 Oakmont Drive Northlake, TX 3
    • 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2015
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.93
    •  
  • 81 Oakmont Drive Argyle, TX 4
    • 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2017
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.00
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Highland Homes Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493476
Last Updated: 01/05/2021
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