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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $153.18
- 3 Days on Market
- MLS # : 14517823
- Updated Date : 02/12/2021 at 14:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,089 sqft
- Baths : 2 full
Listing Agent
Fieldhouse Realty Group Llc
Listing Agent's Description
First home built in Hawthorne Meadows! 2018 brick home with DR Horton's upgraded D package! 3 bedrooms plus flex room great for home office, storage, or kid's toy room. This home boasts an open floor plan with updates galore. Wood floors, italian backsplash, stained wood cabinets and under cabinet lighting are surround the island in the kitchen. A nook was built in to utilize every square foot of space in this home and another place for your kids to do homework. Recessed lighting in living and kitchen along with big windows to allow more natural light. Ceiling fans in ALL rooms! Oil rubbed bronze fixtures and door handles for an elegant feel. 10 year warranties on foundation, water heater, and ac. Come buy!
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: 76177
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76177
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,940 |
| EXPENSES | Loan Payment | -$1,111 |
| Property Tax | -$734 | |
| Property Insurance | -$148 | |
| HOA | -$40 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$191
|
||
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.
$320,000
PROJECTED PRICE
$1,940
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.3% |
| 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
$90,550
LOAN DETAILS
$1,111
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $80,000 |
| Loan Amount | $240,000 |
1.5
YEARS SAVED
$2,764
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,974
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
10112 Burtrum Drive Fort Worth, TX 2
- 3 beds 2 baths ∙ 2,089 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,089 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,940
- $0.93
-
10105 Red Bluff Lane Fort Worth, TX 1
- 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 2005
LEASED 03/03/20- Rent
- Rent Per SQFT
- $1,765
- $0.87
-
10313 Burtrum Fort Worth, TX 3
- 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 2018
LEASED 08/19/20- Rent
- Rent Per SQFT
- $1,950
- $0.97
-
10004 Saltbrush Street Fort Worth, TX 4
- 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 2018
LEASED 07/20/20- Rent
- Rent Per SQFT
- $2,000
- $0.99
-
1404 Ocotillo Fort Worth, TX 5
- 3 beds 2 baths ∙ 2,162 Sqft ∙ Built 2010 3 beds 2 baths ∙ 2,162 Sqft ∙ Built 2010
LEASED 09/03/20- Rent
- Rent Per SQFT
- $2,050
- $0.95
PROPERTY LISTING DETAILS
Fieldhouse Realty Group Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14517823
Last Updated: 02/12/2021
