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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $183.62
- 7 Days on Market
- MLS # : 14497771
- Updated Date : 01/13/2021 at 16:17
CONSTRUCTION
- Beds : 4
- Floor Size : 2,668 sqft
- Baths : 3 full , 1 half
Listing Agent
Heritage Homes Realty
Listing Agent's Description
Built by Graham Hart Home Builder - May completion! ~ This custom Garrison plan is 22668 sf. Offers 4 beds and 3.5 full baths. Open transitional floor plan with a gorgeous kitchen with stainless steel appliances and gas cook top. he owners retreat provides the convenience of separate vanities, with a double walk in shower & oversized closet. Ceramic wood look tile flooring through main living areas, designer lighting & plumbing fixtures. Plus all important energy efficient HVAC & building materials.
SEE MORE
- # 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
Neighborhood: Woodbert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Woodbert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,690 |
| EXPENSES | Loan Payment | -$1,702 |
| Property Tax | -$1,075 | |
| Property Insurance | -$181 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$367
|
||
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.
$489,900
PROJECTED PRICE
$2,690
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$131,824
LOAN DETAILS
$1,702
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $122,475 |
| Loan Amount | $367,425 |
1.08
YEARS SAVED
$2,533
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,690
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$2,655
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
8317 Sayers Lane North Richland Hills, TX 3
- 4 beds 4 baths ∙ 2,668 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,668 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $2,690
- $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
![property image]()
LEASED 08/26/20- Rent
- Rent Per SQFT
- $2,250
- $0.93
-
7209 E Nirvana Circle North Richland Hills, TX 2
- 3 beds 3 baths ∙ 2,375 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,375 Sqft ∙ Built 2015
![property image]()
LEASED 03/16/20- Rent
- Rent Per SQFT
- $2,295
- $0.97
-
7149 Stone Villa Circle North Richland Hills, TX 4
- 4 beds 4 baths ∙ 2,920 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,920 Sqft ∙ Built 2007
![property image]()
LEASED 12/21/20- Rent
- Rent Per SQFT
- $2,900
- $0.99
-
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
Heritage Homes Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14497771
Last Updated: 01/13/2021
