Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1056 Grand National Boulevard Fort Worth, TX 76179

4 Beds 3 Baths 2,503 sqft Built 2005

$289,900

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $115.82
  • 1 Days on Market
  • MLS # : 14492965
  • Updated Date : 01/03/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,503 sqft
  • Baths : 2 full , 1 half
Listing Agent

William Davis Realty

Listing Agent's Description

Plenty of room i this well sought after neigborhood for this well kept up home. Marble floors, roof is 3 years old and game room for or family and friends! Hurry on by and check this home out

SEE MORE

MARKET HIGHLIGHTS

  • # 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

Neighborhood: Remington Point

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Remington Point

NeighborhoodNIR 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
Remington Point Elementary School Primary Regular 637 37 5
Ed Willkie Middle School Middle Regular 862 53 5

Remington Point Elementary School

  • Education Level: Primary
  • # of students: 637
  • # of teachers: 37
5
GreatSchools Rating

Ed Willkie Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 53
5
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,070
Property Tax -$665
Property Insurance -$172
HOA -$28
Property Management Fees -$99
CASH FLOW
-$292

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.

$289,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.2%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$633

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,727

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7404$1,8255$1,826
$1,826
RENT COMPS ANALYSIS
  • 1056 Grand National Boulevard Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.70
    •  
  • 5216 Lava Rock Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2006
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.66
    •  
  • 5337 Lava Rock Drive Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2006
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.72
    •  
  • 5824 Arena Circle Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 2005
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.68
    •  
  • 629 Granite Ridge Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 2005
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,826
    • $0.70
    •  
PROPERTY LISTING DETAILS
August Trevino
William Davis Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492965
Last Updated: 01/03/2021
BESbswy