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10212 Cantana Court Fort Worth, TX 76244

3 Beds 2 Baths 2,396 sqft Built 2004

$339,900

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $141.86
  • 3 Days on Market
  • MLS # : 14428493
  • Updated Date : 11/06/2020 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,396 sqft
  • Baths : 2 full
Listing Agent

The Wall Team Realty Assoc

Listing Agent's Description

Immaculate 3 bedroom one story home with amazing pool and outdoor living. Open concept! Centrally located near an abundance of local dining and entertainment. Minutes away from Crawford Farms Park, Barksdale Park, and Alliance Town Center. Large windows and a skylight fill the home with natural light for a welcoming environment. The large kitchen hosts an island, lots of cabinets space, and views of the backyard. Two living areas and two dining areas great for entertaining guests. Converted office has a closet and can be used as a 4th bedroom. New front landscaping with flagstone borders and new roof! Breathtaking backyard boasts newly stained pergola, pool, and palm trees! plenty of grassy area to play as well

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: Crawford Farms

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Crawford Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9192333

* 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
Eagle Ridge Elementary School Primary Regular 761 50 7
Timberview Middle School Middle Regular 1,113 72 7
Timbercreek High School High Regular 2,957 160 8

Eagle Ridge Elementary School

  • Education Level: Primary
  • # of students: 761
  • # of teachers: 50
7
GreatSchools Rating

Timberview Middle School

  • Education Level: Middle
  • # of students: 1,113
  • # of teachers: 72
7
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students: 2,957
  • # of teachers: 160
8
GreatSchools Rating
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,254
Property Tax -$779
Property Insurance -$166
HOA -$41
Property Management Fees -$99
CASH FLOW
-$159

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.

$339,900

PROJECTED PRICE

$2,180

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.5%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,425

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,198

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,075
1$2,0752$2,1803$2,2004$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 10212 Cantana Court Fort Worth, TX 2
    • 3 beds 2 baths ∙ 2,396 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,396 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.91
    •  
  • 10717 Elmhurst Lane Fort Worth, TX 1
    • 3 beds 2 baths ∙ 2,339 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,339 Sqft ∙ Built 2001
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.89
    •  
  • 10309 Stoneside Trail Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2004
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.90
    •  
  • 10312 Grayhawk Lane Fort Worth, TX 4
    • 3 beds 2 baths ∙ 2,451 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,451 Sqft ∙ Built 2005
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.94
    •  
  • 10525 Melrose Lane Fort Worth, TX 5
    • 3 beds 2 baths ∙ 2,451 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,451 Sqft ∙ Built 2002
    property image
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.94
    •  
PROPERTY LISTING DETAILS
Laurie Wall
The Wall Team Realty Assoc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14428493
Last Updated: 11/06/2020
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