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8201 Euclid Avenue North Richland Hills, TX 76180

4 Beds 3 Baths 3,744 sqft Built 2008

$660,000

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $176.28
  • 6 Days on Market
  • MLS # : 14461087
  • Updated Date : 10/29/2020 at 17:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,744 sqft
  • Baths : 3 full
Listing Agent

Century 21 Mike Bowman, Inc.

Listing Agent's Description

Amazing opportunity to own one of the archetype Craftsman style homes in highly sought after HomeTown Add in NRH. Jaw dropping curb appeal with large corner lot in front of beautiful lush greenspace. Eyes are drawn up to the stone and brick exterior framed beautifully by detailed wood pillars on the expansive front porch. Stepping in the home for the first time you are met with gorgeous custom wood details. Enjoy working or relaxing in the large, well lit, corner study or gathering with family and friends in the open living and kitchen areas. No space is wasted with brilliant storage planning. Media and Gamerooms up and backyard sanctuary are just a few perks that can be listed here. See it for yourself!

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: North Richland Hills Town Center

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k357k

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

Neighborhood: North Richland Hills Town Center

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10412440

* 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
Walker Creek Elementary School Primary Regular 653 44 7
Smithfield Middle School Middle Regular 818 49 10
Birdville High School High Regular 2,083 125 7

Walker Creek Elementary School

  • Education Level: Primary
  • # of students: 653
  • # of teachers: 44
7
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
 

$594,000$726,000$660,000

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$2,435
Property Tax -$1,448
Property Insurance -$244
HOA -$55
Property Management Fees -$99
CASH FLOW
-$1,411

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.

$660,000

PROJECTED PRICE

$2,870

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.1%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$180,650

INVESTMENT

$180,650

Down Payment
$165,000
Rehab Estimate
$5,750
Closing Costs
$9,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $165,000
Loan Amount $495,000
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$83

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,870

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $3,095

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,870
1$2,8702$2,9003$2,9504$3,395
$3,395
RENT COMPS ANALYSIS
  • 8201 Euclid Avenue North Richland Hills, TX 1
    • 4 beds 3 baths ∙ 3,744 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,744 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,870
    • $0.77
    •  
  • 6828 Swallow Lane North Richland Hills, TX 2
    • 4 beds 4 baths ∙ 3,715 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,715 Sqft ∙ Built 2013
    LEASED 07/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.78
    •  
  • 7108 Four Sixes Ranch Road North Richland Hills, TX 3
    • 4 beds 4 baths ∙ 3,786 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,786 Sqft ∙ Built 2012
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.78
    •  
  • 6000 Monterey Mews North Richland Hills, TX 4
    • 4 beds 4 baths ∙ 3,675 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,675 Sqft ∙ Built 2016
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $0.92
    •  
PROPERTY LISTING DETAILS
Russ Stimmel
Century 21 Mike Bowman, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461087
Last Updated: 10/29/2020
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