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903 Harwood Court Euless, TX 76039

4 Beds 3 Baths 2,734 sqft Built 1998

$359,900

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $131.64
  • 10 Days on Market
  • MLS # : 14470733
  • Updated Date : 11/19/2020 at 12:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,734 sqft
  • Baths : 2 full , 1 half
Listing Agent

Citiwide Properties Corp.

Listing Agent's Description

Beautiful house with 4 bedrooms, 2.5 baths home in this sought after gated community. Large back yard, Completed Uptaded , ready to move in !!

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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

Neighborhood: Harwood Courts

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $122k283k

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

Neighborhood: Harwood Courts

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9931904

* 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
North Euless Elementary School Primary Regular 722 40 8
Euless Junior High School Middle Regular 1,024 57 8
Euless Junior High School High Regular 1,024 57 8

North Euless Elementary School

  • Education Level: Primary
  • # of students: 722
  • # of teachers: 40
8
GreatSchools Rating

Euless Junior High School

  • Education Level: Middle
  • # of students: 1,024
  • # of teachers: 57
8
GreatSchools Rating

Euless Junior High School

  • Education Level: High
  • # of students: 1,024
  • # of teachers: 57
8
GreatSchools Rating
 

$323,910$395,890$359,900

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,328
Property Tax -$699
Property Insurance -$185
HOA -$50
Property Management Fees -$99
CASH FLOW
-$61

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$359,900

PROJECTED PRICE

$2,300

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$14,778

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,297

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3003$2,4004$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 903 Harwood Court Euless, TX 2
    • 4 beds 3 baths ∙ 2,734 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,734 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.84
    •  
  • 708 Angela Lane Euless, TX 1
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2004
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.85
    •  
  • 506 Port Royale Way Euless, TX 3
    • 4 beds 3 baths ∙ 2,932 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,932 Sqft ∙ Built 2008
    property image
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.82
    •  
  • 706 Angela Lane Euless, TX 4
    • 4 beds 3 baths ∙ 2,804 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,804 Sqft ∙ Built 2004
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
  • 207 Colonial Lane Euless, TX 5
    • 3 beds 3 baths ∙ 2,909 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,909 Sqft ∙ Built 2002
    property image
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.83
    •  
PROPERTY LISTING DETAILS
Mary Nguyen
Citiwide Properties Corp.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470733
Last Updated: 11/19/2020
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