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10452 Winding Passage Way Fort Worth, TX 76131

4 Beds 3 Baths 2,586 sqft Built 2007

$270,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $104.41
  • 3 Days on Market
  • MLS # : 14522032
  • Updated Date : 02/27/2021 at 16:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,586 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp And Associates Southlake

Listing Agent's Description

MULTIPLE OFFERS DEADLINE SUNDAY AT 6PM. Space for everyone in this beautiful move-in ready 4 bed, 2 ½ bath home. Formal dining off front entrance could easily be a study! Light & bright open concept floor plan has a wonderful neutral color palette throughout. Large kitchen features an island, eat-in dining area & plenty of storage space! Separate laundry room off front entrance! You will love the upstairs game room with built-in storage & media room complete with surround sound to enjoy movies with the family! Master bedroom downstairs, 3 bedrooms & 2nd bathroom located upstairs. Large backyard includes stamped concrete porch with lots of space to create your own little paradise. Ring & Nest thermostat!

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

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76131

ZipNIR 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
Sonny And Allegra Nance Elementary School Primary Regular 456 30 5
Chisholm Trail Middle School Middle Regular 899 64 7
Byron Nelson High School High Regular 2,552 147 8

Sonny And Allegra Nance Elementary School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 30
5
GreatSchools Rating

Chisholm Trail Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 64
7
GreatSchools Rating

Byron Nelson High School

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

$243,000$297,000$270,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$938
Property Tax -$619
Property Insurance -$177
HOA -$61
Property Management Fees -$99
CASH FLOW
$77

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.

$270,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$16,065

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,108

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,970
1$1,9702$1,9953$2,1004$2,1505$2,150
$2,150
RENT COMPS ANALYSIS
  • 10452 Winding Passage Way Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,586 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,586 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.76
    •  
  • 421 Emerald Creek Drive Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,557 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,557 Sqft ∙ Built 2006
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.78
    •  
  • 636 Tradewind Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2008
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
  • 336 Emerald Creek Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2020
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.82
    •  
  • 10520 Winding Passage Way Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2006
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.88
    •  
PROPERTY LISTING DETAILS
Desiree Mcmillan
Jp And Associates Southlake
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522032
Last Updated: 02/27/2021
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