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8317 Sayers Lane North Richland Hills, TX 76182

4 Beds 4 Baths 2,668 sqft Built 2020

$489,900

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 11, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • # 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

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $90k336k

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

Neighborhood: Woodbert

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9442171

* 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
Green Valley Elementary School Primary Regular 491 30 10
North Ridge Middle School Middle Regular 800 52 8
North Ridge Middle School High Regular 800 52 8

Green Valley Elementary School

  • Education Level: Primary
  • # of students: 491
  • # of teachers: 30
10
GreatSchools Rating

North Ridge Middle School

  • Education Level: Middle
  • # of students: 800
  • # of teachers: 52
8
GreatSchools Rating

North Ridge Middle School

  • Education Level: High
  • # of students: 800
  • # of teachers: 52
8
GreatSchools Rating
 

$440,910$538,890$489,900

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,824

INVESTMENT

$131,824

Down Payment
$122,475
Rehab Estimate
$2,000
Closing Costs
$7,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,702

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,475
Loan Amount $367,425
See What Happens When You Reinvest Cash Flow

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
$2,250
1$2,2502$2,2953$2,6904$2,9005$2,950
$2,950
RENT COMPS ANALYSIS
  • 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
Heather Bourland
Heritage Homes Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497771
Last Updated: 01/13/2021
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