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10208 Point Lobos Trail Fort Worth, TX 76177

3 Beds 2 Baths 1,612 sqft Built 2012

$275,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $170.60
  • 3 Days on Market
  • MLS # : 14500830
  • Updated Date : 01/23/2021 at 20:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,612 sqft
  • Baths : 2 full
Listing Agent

Summit Cove Realty

Listing Agent's Description

Stop looking right now! Call your realtor and come see this one before it's gone with the west Texas wind! 360 Brick home in Tehama Ridge in N Ft Worth with all the shopping and foodie joints! Northwest ISD. 3 bedrooms and 2 bathrooms with vaulted ceilings that feel so spacious. Updates include granite counters, laminate floors, that grey paint all the city farm lovers love, recessed can lights, extended patio, and a bit of a clean freak owner! Solar screens provide super low electric bills year round and wood burning fireplace give the kids a toasty s'more! HVAC freshly tuned and brand new fence installed and stained November 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: Tehama Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Tehama Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
O.a. Peterson Elementary School Primary Regular 770 48 6
John M. Tidwell Middle School Middle Regular 1,048 65 8
Byron Nelson High School High Regular 2,552 147 8

O.a. Peterson Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 48
6
GreatSchools Rating

John M. Tidwell Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 65
8
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$955
Property Tax -$630
Property Insurance -$120
HOA -$34
Property Management Fees -$99
CASH FLOW
-$189

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.

$275,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$6.0k-$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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,803

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,640

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,6754$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 10208 Point Lobos Trail Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
  • 10129 Bull Run Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 2006
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.03
    •  
  • 2037 Frosted Willow Lane Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 2009
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.04
    •  
  • 10112 Bull Run Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2007
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 2341 Spruce Springs Way Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 2008
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.04
    •  
PROPERTY LISTING DETAILS
Stephan Cooper
Summit Cove Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500830
Last Updated: 01/23/2021
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