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8517 Grand View Drive North Richland Hills, TX 76182

5 Beds 4 Baths 3,091 sqft Built 2000

$444,900

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $143.93
  • 5 Days on Market
  • MLS # : 14461498
  • Updated Date : 11/01/2020 at 10:23
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,091 sqft
  • Baths : 3 full , 1 half
Listing Agent

Christie's Int'l Ulterre

Listing Agent's Description

UPDATED 5 bedroom home in Keller ISD! Feels like you’re in the country with all the conveniences of city living. The bright open floorplan and large dining room are perfect for entertaining family & friends at the holidays. A large office makes working from home easy. All new floors, paint, light fixtures, and door hardware throughout. Updated kitchen with granite countertops, subway tile backsplash and SS appliances. The upstairs 5th bedroom with ensuite bathroom is perfect for a mother-in-law suite or a game room or media room. The oversized covered back patio is perfect for relaxing and enjoying the nature just beyond the house. No back neighbor makes this home both private and quiet. Great neighbors!!

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

Zip Code: 76182

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 76182

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10412171

* 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
 

$400,410$489,390$444,900

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$1,641
Property Tax -$976
Property Insurance -$206
HOA -$33
Property Management Fees -$99
CASH FLOW
-$185

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.

$444,900

PROJECTED PRICE

$2,770

PROJECTED RENT

0.62%

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) 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

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$123,649

INVESTMENT

$123,649

Down Payment
$111,225
Rehab Estimate
$5,750
Closing Costs
$6,674

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,641

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $111,225
Loan Amount $333,675
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$9,889

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $3,006

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,770
1$2,7702$2,9003$3,0004$3,0005$3,250
$3,250
RENT COMPS ANALYSIS
  • 8517 Grand View Drive North Richland Hills, TX 1
    • 5 beds 4 baths ∙ 3,091 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,091 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $0.90
    •  
  • 8312 Vine Wood Drive North Richland Hills, TX 2
    • 4 beds 4 baths ∙ 3,060 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,060 Sqft ∙ Built 2003
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.95
    •  
  • 8117 Shady Oaks Drive North Richland Hills, TX 3
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1998
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.00
    •  
  • 1105 Elmgrove Lane Keller, TX 4
    • 5 beds 3 baths ∙ 3,116 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,116 Sqft ∙ Built 2000
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.96
    •  
  • 8421 Grand View Drive North Richland Hills, TX 5
    • 4 beds 4 baths ∙ 3,321 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,321 Sqft ∙ Built 2001
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.98
    •  
PROPERTY LISTING DETAILS
Bryann Owen
Christie's Int'l Ulterre
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461498
Last Updated: 11/01/2020
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