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10017 Clemmons Road Fort Worth, TX 76108

4 Beds 2 Baths 1,772 sqft Built 2019

$249,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $141.03
  • 2 Days on Market
  • MLS # : 14467540
  • Updated Date : 11/07/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,772 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Absolutely Amazing 4 Bedroom Home with Awesome Open Concept! This one Looks Like a Model Home! Wonderful Kitchen with Large Center Island! Granite Countertops! Upgraded Tiled Backsplash! 5 Burner Gas Cooktop! Totally Open to a Large Family Living Room! A Great Conversation Area! Split Bedroom Concept! Spacious Master Bedroom with Large Master Bath and Large Master Closet! Sprinkler System! Privacy fenced! Nice Covered Patio!

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: 76108

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Zip Code: 76108

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$922
Property Tax -$573
Property Insurance -$130
HOA -$41
Property Management Fees -$99
CASH FLOW
-$205

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$249,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,224

INVESTMENT

$68,224

Down Payment
$62,475
Rehab Estimate
$2,000
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,298

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,537

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,5453$1,5604$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 10017 Clemmons Road Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.88
    •  
  • 1708 Wind Star Way Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 2006
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.83
    •  
  • 10269 Tustin Terrace Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 1999
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.84
    •  
  • 1153 Terrace View Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 2008
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
  • 10409 Sixpence Lane Fort Worth, TX 5
    • 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 2005
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.94
    •  
PROPERTY LISTING DETAILS
Bridgett Smith
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467540
Last Updated: 11/07/2020
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