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10136 Chapel Oak Trail Fort Worth, TX 76116

4 Beds 3 Baths 2,676 sqft Built 2001

$270,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $100.90
  • 2 Days on Market
  • MLS # : 14502601
  • Updated Date : 01/23/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,676 sqft
  • Baths : 2 full , 1 half
Listing Agent

Independent Realty

Listing Agent's Description

This home has pride of ownership, is immaculate and move in ready. Featuring 4 large spacious bedrooms with a master shower that has recently been updated and dual sinks. Formal dinning or study is perfect for your growing family. Open kitchen with bar that opens up to the family room and is great for entertaining. Huge game room ideal for a theatre room or pool table. Sets on a large corner lot. Roof replaced 2018, Air Conditioner replaced inside and out 2019 and water heater replace 4 years ago. Full gutters added 2020.

SEE MORE

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: Chapel Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Chapel Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Waverly Park Elementary School Primary Regular 810 47 6
Leonard Middle School Middle Regular 741 50 3
Western Hills High School High Regular 1,236 94 3

Waverly Park Elementary School

  • Education Level: Primary
  • # of students: 810
  • # of teachers: 47
6
GreatSchools Rating

Leonard Middle School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 50
3
GreatSchools Rating

Western Hills High School

  • Education Level: High
  • # of students: 1,236
  • # of teachers: 94
3
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$938
Property Tax -$619
Property Insurance -$182
Property Management Fees -$99
CASH FLOW
-$108

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.

$270,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$4,128

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,704

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,730
1$1,7302$1,7503$1,7754$1,800
$1,800
RENT COMPS ANALYSIS
  • 10136 Chapel Oak Trail Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.65
    •  
  • 10125 Chapel Oak Trail Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,772 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,772 Sqft ∙ Built 2001
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.63
    •  
  • 1504 Wind Star Way Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,918 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,918 Sqft ∙ Built 2006
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.61
    •  
  • 10141 Chapel Rock Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 2001
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.67
    •  
PROPERTY LISTING DETAILS
Julie Rains
Independent Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14502601
Last Updated: 01/23/2021
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