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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $163.79
- 2 Days on Market
- MLS # : 14536841
- Updated Date : 03/20/2021 at 17:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,160 sqft
- Baths : 2 full
Listing Agent
Dfw Real Estate Group
Listing Agent's Description
Charming West Point home ready for new owner! Spacious living room flows seamlessly into the dining room and kitchen, making entertainment an ease. Front patio and spacious, covered back patio lends itself to additional entertaining space or just hanging out with family and friends. Owners retreat provides plenty of space for relaxation after a hard day. Need room for storage? This home comes with a very large shed in the backyard that is perfect for storing everything from lawn equipment to your tools and more. Located close to Lockheed Martin, FTW JRSB, entertainment, shopping and highways!
SEE MORE
- 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: Legacy West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Legacy West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,220 |
| EXPENSES | Loan Payment | -$660 |
| Property Tax | -$436 | |
| Property Insurance | -$94 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$69
|
||
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.
$190,000
PROJECTED PRICE
$1,220
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$56,100
LOAN DETAILS
$660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $47,500 |
| Loan Amount | $142,500 |
2.58
YEARS SAVED
$3,933
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,220
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,230
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
10217 Pack Saddle Court Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $1,220
- $1.05
-
10009 Leatherwood Drive Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 1986
LEASED 05/17/20- Rent
- Rent Per SQFT
- $1,325
- $1.00
-
10702 Tall Oak Drive Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1983
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,400
- $1.05
-
109 Prospector Court Fort Worth, TX 4
- 4 beds 2 baths ∙ 1,328 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,328 Sqft ∙ Built 1983
LEASED 03/05/21- Rent
- Rent Per SQFT
- $1,450
- $1.09
-
10148 Indian Mound Road Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1986
LEASED 08/13/20- Rent
- Rent Per SQFT
- $1,475
- $1.10
PROPERTY LISTING DETAILS
Dfw Real Estate Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14536841
Last Updated: 03/20/2021
