Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $185.76
- 1 Days on Market
- MLS # : 14483397
- Updated Date : 12/12/2020 at 23:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,950 sqft
- Baths : 3 full , 1 half
Listing Agent
Exp Realty Llc
Listing Agent's Description
This elegant 4 bed 4.5 bath home is visually astounding located in the urban Home Town community. This beautiful home has pristine hardwood floors, high ceilings, stunning kitchen with 6 gas burner stove, and double oven. Set apart from others with its clever use of space, and elegant flow. Large media or game room upstairs, and there is plenty of work-from-home space. Large fenced yard, large garage and outside sitting area for entertaining. Extraordinary living surrounded by schools, shopping, dining, parks, lakes and trails.
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
Neighborhood: Home Town
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Home Town
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,680 |
| EXPENSES | Loan Payment | -$2,022 |
| Property Tax | -$1,203 | |
| Property Insurance | -$198 | |
| HOA | -$143 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$984
|
||
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.
$548,000
PROJECTED PRICE
$2,680
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.7% |
| 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
$150,970
LOAN DETAILS
$2,022
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $137,000 |
| Loan Amount | $411,000 |
-0.08
YEARS SAVED
-$21
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,680
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,744
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
8729 Mcdonough Street North Richland Hills, TX 1
- 4 beds 4 baths ∙ 2,950 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,950 Sqft ∙ Built 2017
![property image]()
- Rent
- Rent Per SQFT
- $2,680
- $0.91
-
8501 Newman Drive North Richland Hills, TX 2
- 3 beds 3 baths ∙ 3,078 Sqft ∙ Built 2003 3 beds 3 baths ∙ 3,078 Sqft ∙ Built 2003
![property image]()
LEASED 06/17/19- Rent
- Rent Per SQFT
- $2,750
- $0.89
-
6209 Winter Park Drive North Richland Hills, TX 3
- 4 beds 3 baths ∙ 3,261 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,261 Sqft ∙ Built 2006
![property image]()
LEASED 03/17/20- Rent
- Rent Per SQFT
- $2,895
- $0.89
-
8505 Olmstead Terrace North Richland Hills, TX 4
- 3 beds 3 baths ∙ 3,195 Sqft ∙ Built 2002 3 beds 3 baths ∙ 3,195 Sqft ∙ Built 2002
![property image]()
LEASED 10/12/20- Rent
- Rent Per SQFT
- $2,900
- $0.91
-
8517 Newman Drive North Richland Hills, TX 5
- 4 beds 3 baths ∙ 2,888 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,888 Sqft ∙ Built 2004
![property image]()
LEASED 08/19/20- Rent
- Rent Per SQFT
- $2,975
- $1.03
PROPERTY LISTING DETAILS
Exp Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14483397
Last Updated: 12/12/2020
