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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $170.18
- 4 Days on Market
- MLS # : 14467441
- Updated Date : 11/12/2020 at 18:49
CONSTRUCTION
- Beds : 4
- Floor Size : 2,703 sqft
- Baths : 3 full
Listing Agent
Clark Real Estate Group
Listing Agent's Description
Never before on the market! The sellers had this custom home built in 2006 and the pride in ownership is obvious not only from the curb, but throughout the home. The open concept layout features 4 bedrooms, 3 full baths, and a 3-car garage; all with exceptional finish quality. The owner’s suite is huge with a luxurious master bath. Kitchen with island, custom cabinets, and granite countertops. Beautiful hardwood in much of the home. The shaded back patio offers a sanctuary to retreat to after a long day’s work. The manicured lawn and picture-perfect landscaping complete the property making it an easy choice even for the most discerning buyer. Whispering Oaks is a great neighborhood with a convenient location!
SEE MORE
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76182
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,500 |
| EXPENSES | Loan Payment | -$1,697 |
| Property Tax | -$1,009 | |
| Property Insurance | -$183 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$506
|
||
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.
$460,000
PROJECTED PRICE
$2,500
PROJECTED RENT
0.54%
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) | 8.00% |
| 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
$127,650
LOAN DETAILS
$1,697
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $115,000 |
| Loan Amount | $345,000 |
0.42
YEARS SAVED
$606
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,500
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$2,730
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
8629 Wishing Tree Lane North Richland Hills, TX 2
- 4 beds 2 baths ∙ 2,703 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,703 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $2,500
- $0.92
-
7209 E Nirvana Circle North Richland Hills, TX 1
- 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
-
7129 Stone Villa Circle North Richland Hills, TX 3
- 3 beds 3 baths ∙ 2,739 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,739 Sqft ∙ Built 2006
![property image]()
LEASED 07/23/19- Rent
- Rent Per SQFT
- $2,700
- $0.99
-
2932 Oak Ridge Drive Hurst, TX 4
- 4 beds 3 baths ∙ 2,767 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,767 Sqft ∙ Built 1990
![property image]()
LEASED 01/03/20- Rent
- Rent Per SQFT
- $2,950
- $1.07
-
7149 Stone Villa Circle North Richland Hills, TX 5
- 4 beds 4 baths ∙ 2,920 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,920 Sqft ∙ Built 2007
![property image]()
LEASED 06/09/20- Rent
- Rent Per SQFT
- $2,950
- $1.01
PROPERTY LISTING DETAILS
Clark Real Estate Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14467441
Last Updated: 11/12/2020
