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8317 Forest Glenn North Richland Hills, TX 76182

4 Beds 3 Baths 2,537 sqft Built 2005

$405,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $159.64
  • 2 Days on Market
  • MLS # : 14475294
  • Updated Date : 11/21/2020 at 08:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,537 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Judge Fite Company

Listing Agent's Description

Beautiful 4 bedroom 2.5 bath family home in desirable Forest Glenn & Keller ISD. This house has so much to offer, including a spacious living room with stone fireplace, dining room with decorative lighting, breakfast room, split bedrooms, mudroom, custom woodwork, & vaulted ceilings.The gourmet kitchen features granite countertops, gas cooktop, breakfast bar & island. Master bedroom has a large walk-in shower, garden tub & walk in closets. Oversized 3 car garage with iron driveway gate. Enjoy your private backyard with a screened-in covered patio & gas grill included. Close proximity to shopping, dining, & entertainment. Lovely landscaping and curb appeal! Schedule your showing today! Vacant and move-in ready!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Neighborhood: Forest Glenn

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $104k426k

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

Neighborhood: Forest Glenn

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9192720

* 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
 

$364,500$445,500$405,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$1,494
Property Tax -$889
Property Insurance -$174
HOA -$10
Property Management Fees -$99
CASH FLOW
-$106

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.

$405,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.63%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$13,500

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,600

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,5003$2,5604$2,7005$2,950
$2,950
RENT COMPS ANALYSIS
  • 8317 Forest Glenn North Richland Hills, TX 3
    • 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $1.01
    •  
  • 7837 Harvest Hill Road North Richland Hills, TX 1
    • 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2003
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.93
    •  
  • 8105 Pecan Ridge Drive North Richland Hills, TX 2
    • 3 beds 2 baths ∙ 2,414 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,414 Sqft ∙ Built 1997
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.04
    •  
  • 8021 Kristina Lane North Richland Hills, TX 4
    • 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 1993
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.04
    •  
  • 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
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.09
    •  
PROPERTY LISTING DETAILS
Kerri Williams
Century 21 Judge Fite Company
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475294
Last Updated: 11/21/2020
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