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10160 Deer Glen Trail Fort Worth, TX 76140

4 Beds 2 Baths 2,176 sqft Built 2003

INVESTimate

$214,900

List Price

$1,710

$1,539 - $1,881

Rent Est.

$236,970  ( +10.27%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $98.76
  • 2 Days on Market
  • MLS # : 14420033
  • Updated Date : 08/26/2020 at 04:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,176 sqft
  • Baths : 2 full
Listing Agent

Ll Homes, Llc

Listing Agent's Description

Gorgeous 4 bedroom 2 bath home for sale! Stunning kitchen area with tons of counter space, newer dishwasher, a BEAUTIFUL extra large skylight, breakfast bar, & coffee bar. The master bedroom & kitchen both over look the back yard. The master has 2 walk in closets & master bathroom has a tile stand up shower as well as a very nice jetted tub. Fireplace in 2nd living area, 3 recessed wall shelves, 4th bedroom has french doors and could also be a great office, 2 car garage, privacy fenced back yard with a covered back porch & much more! Come see it before it’s gone!

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

Neighborhood: The Parks of Deer Creek

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: The Parks of Deer Creek

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
Sidney H. Poynter Elementary School Primary Regular 532 32 3
H.f. Stevens Middle School Middle Regular 912 59 3
Crowley High School High Regular 2,033 150 4

Sidney H. Poynter Elementary School

  • Education Level: Primary
  • # of students: 532
  • # of teachers: 32
3
GreatSchools Rating

H.f. Stevens Middle School

  • Education Level: Middle
  • # of students: 912
  • # of teachers: 59
3
GreatSchools Rating

Crowley High School

  • Education Level: High
  • # of students: 2,033
  • # of teachers: 150
4
GreatSchools Rating
 

$193,410$236,390$214,900

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$793
Property Tax -$493
Property Insurance -$153
HOA -$40
Property Management Fees -$99
CASH FLOW
$132

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.

$214,900

PROJECTED PRICE

$1,710

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.27%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,699

INVESTMENT

$62,699

Down Payment
$53,725
Rehab Estimate
$5,750
Closing Costs
$3,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,725
Loan Amount $161,175
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$22,730

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,703

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,6504$1,7105$1,850
$1,850
RENT COMPS ANALYSIS
  • 10160 Deer Glen Trail Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,176 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,176 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.79
    •  
  • 400 Fairbrook Lane Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 2005
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.75
    •  
  • 501 Fairbrook Lane Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2005
    property image
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.77
    •  
  • 11233 Pleasant Wood Lane Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2003
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.71
    •  
  • 413 Elk Run Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,055 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,055 Sqft ∙ Built 2012
    property image
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.90
    •  
PROPERTY LISTING DETAILS
Larry Leach
Ll Homes, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14420033
Last Updated: 08/26/2020
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