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8601 Clay Hibbins Road Keller, TX 76248

4 Beds 3 Baths 3,428 sqft Built 1990

$682,000

List Price

$3,370

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $198.95
  • 3 Days on Market
  • MLS # : 14535779
  • Updated Date : 03/20/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,428 sqft
  • Baths : 3 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Beautiful, spacious .9 acre lot in the heart of Keller with attendance at KHS. One story with primary suite and two beds and a bath on one side and a private guest suite on the other. Huge chef's kitchen is open to oversized living and dining, all overlooking pool and extensive backyard and acreage properties beyond - so private! Feels like the country but major shopping, dining 5 mins away. You'll love the oversized sun room - glass on 5 sides with 5 Pella sliding doors with screens - easily hosts pool table and more. Seller closed off a second floor loft to make a pantry and additional cooled storage but this could be reconverted to living space by next owner. Entire home plumbed for gas. Outdoor shower!

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

Zip Code: 76248

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Zip Code: 76248

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262728

* 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
Keller High School High Regular 2,645 145 10
Liberty Elementary School Primary Unknown NA

Liberty Elementary School

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

Keller High School

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

Liberty Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$613,800$750,200$682,000

PURCHASE PRICE

$3,033$3,707$3,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,370
EXPENSES Loan Payment -$2,369
Property Tax -$1,431
Property Insurance -$225
Property Management Fees -$99
CASH FLOW
-$754

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.

$682,000

PROJECTED PRICE

$3,370

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$186,480

INVESTMENT

$186,480

Down Payment
$170,500
Rehab Estimate
$5,750
Closing Costs
$10,230

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,369

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $170,500
Loan Amount $511,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$365

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,370

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $3,394

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2503$3,3704$3,3955$3,500
$3,500
RENT COMPS ANALYSIS
  • 8601 Clay Hibbins Road Keller, TX 3
    • 4 beds 3 baths ∙ 3,428 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,428 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,370
    • $0.98
    •  
  • 1212 Elmgrove Lane Keller, TX 1
    • 5 beds 3 baths ∙ 3,407 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,407 Sqft ∙ Built 2001
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.94
    •  
  • 8421 Grand View Drive North Richland Hills, TX 2
    • 4 beds 4 baths ∙ 3,321 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,321 Sqft ∙ Built 2001
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.98
    •  
  • 1314 Haddington Lane Keller, TX 4
    • 4 beds 4 baths ∙ 3,383 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,383 Sqft ∙ Built 2001
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.00
    •  
  • 2416 Creekwood Court Keller, TX 5
    • 4 beds 3 baths ∙ 3,374 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,374 Sqft ∙ Built 2002
    property image
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.04
    •  
PROPERTY LISTING DETAILS
Sara Keleher
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14535779
Last Updated: 03/20/2021
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