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8305 Regency Drive North Richland Hills, TX 76182

3 Beds 3 Baths 2,750 sqft Built 2004

$425,000

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $154.55
  • 1 Days on Market
  • MLS # : 14467779
  • Updated Date : 11/08/2020 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,750 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Arlington

Listing Agent's Description

Pristine family home in coveted Forest Glenn East! At North Tarrant & Davis, zoned for Keller High, and situated between 2 creeks! It's a wonderful walking neighborhood with jogging-bike trails and park-playground next door! 3 car side entry garage with sink and cabinets! Split bedrooms, wood floors, granite counters! Master bath is a retreat with walk in double rain headed shower, jetted tub...and access to large utility room! Study has a closet! Roof is only 3 yrs old! Most windows upgraded to double pane low E! Plantation shutters almost everywhere! 2 HVAC units, 2 water heaters, gas drop on patio, outlets in eves with control in coat closet, shed in backyard, stone fireplace stack! It's wonderful! Come see!

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: Forest Glenn

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k426k

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

Neighborhood: Forest Glenn

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10412720

* 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
Liberty Elementary School Primary Regular 389 29 10
Bear Creek Intermediate School Middle Regular 781 42 9
Keller High School High Regular 2,645 145 10

Liberty Elementary School

  • Education Level: Primary
  • # of students: 389
  • # of teachers: 29
10
GreatSchools Rating

Bear Creek Intermediate School

  • Education Level: Middle
  • # of students: 781
  • # of teachers: 42
9
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students: 2,645
  • # of teachers: 145
10
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$1,568
Property Tax -$933
Property Insurance -$186
HOA -$10
Property Management Fees -$99
CASH FLOW
-$66

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.

$425,000

PROJECTED PRICE

$2,730

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
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

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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$17,463

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,730

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,784

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7003$2,7304$2,9005$2,950
$2,950
RENT COMPS ANALYSIS
  • 8305 Regency Drive North Richland Hills, TX 3
    • 3 beds 3 baths ∙ 2,750 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,750 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $0.99
    •  
  • 8021 Kristina Lane North Richland Hills, TX 1
    • 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 1993
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.04
    •  
  • 7809 Calvert Lane North Richland Hills, TX 2
    • 4 beds 3 baths ∙ 2,772 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,772 Sqft ∙ Built 1990
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.97
    •  
  • 8312 Vine Wood Drive North Richland Hills, TX 4
    • 4 beds 4 baths ∙ 3,060 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,060 Sqft ∙ Built 2003
    property image
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.95
    •  
  • 8300 Forest Glenn North Richland Hills, TX 5
    • 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 2003
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.09
    •  
PROPERTY LISTING DETAILS
Sherry Leisure
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467779
Last Updated: 11/08/2020
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