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8201 Thornwood Drive North Richland Hills, TX 76182

4 Beds 5 Baths 3,747 sqft Built 2002

$540,000

List Price

$3,320

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $144.12
  • 6 Days on Market
  • MLS # : 14515580
  • Updated Date : 02/09/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,747 sqft
  • Baths : 4 full , 1 half
Listing Agent

Deborah Holt

Listing Agent's Description

Gorgeous 4 bedroom home in beautiful Thornbridge. 2 living-2 dining-lg cvrd patio with remote cntrl screens; koi pond. 3 way bedroom split dwnstrs, each bedroom with access to a full bath & walk in closet; owners retreat has barrel ceiling; 2 walk-in closets with built-ins, 2 vanities, jetted tub, huge walk-in shower. Upstrs is an additional bedroom suite including a full bath, built-in study area & walk-in closet. All hard surface flooring inc tile & wood. Gas log fireplace in family. Huge kitchen has SS appliances inc double ovens, microwave, gas cooktop; seed glass accents in custom cabinets; granite; & more. One of the secondary bedrooms is ADA compliant with a roll in shower, changing table, large tub.

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
 

$486,000$594,000$540,000

PURCHASE PRICE

$2,988$3,652$3,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,320
EXPENSES Loan Payment -$1,876
Property Tax -$1,185
Property Insurance -$244
HOA -$17
Property Management Fees -$99
CASH FLOW
-$100

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.

$540,000

PROJECTED PRICE

$3,320

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,876

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$15,874

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,320

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $3,522

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,2003$3,3204$4,000
$4,000
RENT COMPS ANALYSIS
  • 8201 Thornwood Drive North Richland Hills, TX 3
    • 4 beds 5 baths ∙ 3,747 Sqft ∙ Built 2002 4 beds 5 baths ∙ 3,747 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $3,320
    • $0.89
    •  
  • 8105 Seville Drive North Richland Hills, TX 1
    • 4 beds 3 baths ∙ 3,427 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,427 Sqft ∙ Built 2006
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.88
    •  
  • 1212 Elmgrove Lane Keller, TX 2
    • 5 beds 3 baths ∙ 3,407 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,407 Sqft ∙ Built 2001
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.94
    •  
  • 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
    •  
PROPERTY LISTING DETAILS
Debbie Holt
Deborah Holt
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14515580
Last Updated: 02/09/2021
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