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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $145.98
- 7 Days on Market
- MLS # : 14485877
- Updated Date : 12/19/2020 at 17:57
CONSTRUCTION
- Beds : 4
- Floor Size : 3,212 sqft
- Baths : 3 full , 1 half
Listing Agent
Century 21 Judge Fite Co.
Listing Agent's Description
Beautiful 4 bedrooms, 3 1.5 baths, 3 car garage, 2 living areas, office, and a media room. Open concept home that is move in ready. Split bedrooms with one bedroom upstairs and a full bath. Two other bedrooms on the main floor with a guest bath. The master bedroom on the main floor is large enough for a sitting area. Beautiful master bathroom, separate garden tub and shower, and a large walk in closet. Covered patio and a large fenced back yard, The sun rises and sets side to side of the house, which keeps the house cooler. In addition, the house is Energy Star 3.1 compliant, reducing those energy bills. Close to schools, shopping, and recreation. Easy highway access, just minutes to the town of Benbrook.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Zip Code: 76126
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76126
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,320 |
| EXPENSES | Loan Payment | -$1,730 |
| Property Tax | -$1,075 | |
| Property Insurance | -$213 | |
| HOA | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$867
|
||
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.
$468,900
PROJECTED PRICE
$2,320
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 5.6% |
| 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
$130,009
LOAN DETAILS
$1,730
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $117,225 |
| Loan Amount | $351,675 |
-0.17
YEARS SAVED
-$28
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,320
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$2,987
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
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10309 Morada Road Fort Worth, TX 1
- 4 beds 4 baths ∙ 3,212 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,212 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,320
- $0.72
-
5220 Katy Rose Court Fort Worth, TX 2
- 4 beds 3 baths ∙ 2,957 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,957 Sqft ∙ Built 2012
LEASED 02/25/20- Rent
- Rent Per SQFT
- $2,750
- $0.93
-
5148 Concho Valley Trail Fort Worth, TX 3
- 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 2013
LEASED 08/19/20- Rent
- Rent Per SQFT
- $2,850
- $0.92
-
10223 Trail Ridge Drive Fort Worth, TX 4
- 5 beds 4 baths ∙ 3,404 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,404 Sqft ∙ Built 2018
LEASED 01/17/20- Rent
- Rent Per SQFT
- $3,200
- $0.94
PROPERTY LISTING DETAILS
Century 21 Judge Fite Co.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14485877
Last Updated: 12/19/2020
