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10608 Dolostone Court Fort Worth, TX 76108

3 Beds 2 Baths 1,802 sqft Built 2021

$304,920

List Price

$1,650

$1.5K - $1.8K

Rent Est.

$82,804

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+7.7%)
1 YR. PROJ. APPRECIATION


Cap Rate	2.1%
Cash Flow	-$4,392
Value Increase	$23,633

10 YEAR

Cash On Cash	-7.2%
Total Return	9.7%

PROPERTY INFO

Built 2021 NEW CONSTRUCTION

SINGLE-FAMILY

February 19, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 2021
Price/Sqft : $169.21
3 Days on Market
MLS # : 14519677
Updated Date : 02/19/2021 at 18:00

CONSTRUCTION

Beds : 3
Floor Size : 1,802 sqft
Baths : 2 full

Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14519677 - Built by History Maker Homes - March completion! ~ Brand New! This home features, 42 inch white upper cabinets, quartz countertops, Kitchen island with built in sink, covered patio, wood look vinyl plank flooring, separate sinks, in master bathroom, separate master closets and large backyard in a Cul-De Sac.

1 of 35 X

MARKET HIGHLIGHTS

Dallas Market Report

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)

Zip Code: 76108

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

Zip Code: 76108

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

SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.

FINANCIALS

Learn how to read this

$274,428$335,41200$304,920

PURCHASE PRICE

$1,485$1,81500$1,650

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,650
EXPENSES	Loan Payment	-$1,059
	Property Tax	-$699
	Property Insurance	-$131
	HOA	-$28
	Property Management Fees	-$99



CASH FLOW -$366

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$304,920

PROJECTED PRICE

$1,650

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.74%
Appreciation Year (1-5)	7.7%
Maintenance Year (1-5)	3.00%
Vacancy	6.69%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$82,804

Down Payment	$76,230
Rehab Estimate	$2,000
Closing Costs	$4,574

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,059

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$76,230
Loan Amount	$228,690

See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$52

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,650
LIST RENT
$0.92
LIST RENT PER SQFT

$1,689
COMP ESTIMATED VALUE
$0.94
COMP AVG. RENT PER SQFT

Comps Range

$1,595

1$1,5952$1,6503$1,6504$1,7505$1,895

$1,895

RENT COMPS ANALYSIS

1,802
PROPERTY SQFT
$0.94
AVG RENT PER SQFT
$1,689
ESTIMATED VALUE
$1,650
LIST RENT

10608 Dolostone Court Fort Worth, TX 5

3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2021
Price

Price Per SQFT

$304,920

$169.21
2940 Whitetail Chase Drive Fort Worth, TX 1

3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2016
SOLD 09/18/20
Price

Price Per SQFT

$237,500

$127.83
2608 Norite Drive Fort Worth, TX 2

3 beds 2 baths ∙ 1,778 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 2020
SOLD 11/05/20
Price

Price Per SQFT

$241,218

$135.67
2920 Big Horn Bluff Court Fort Worth, TX 3

3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2016
SOLD 11/17/20
Price

Price Per SQFT

$247,000

$126.54
2604 Norite Drive Fort Worth, TX 4

3 beds 3 baths ∙ 1,871 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,871 Sqft ∙ Built 2020
SOLD 11/30/20
Price

Price Per SQFT

$256,999

$137.36

10608 Dolostone Court Fort Worth, TX 3

3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2021
Rent

Rent Per SQFT

$1,650

$0.92
2736 Briscoe Drive Fort Worth, TX 1

4 beds 2 baths ∙ 1,634 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,634 Sqft ∙ Built 2003
LEASED 03/31/20
Rent

Rent Per SQFT

$1,595

$0.98
1153 Terrace View Drive Fort Worth, TX 2

3 beds 2 baths ∙ 1,912 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 2008
LEASED 03/06/20
Rent

Rent Per SQFT

$1,650

$0.86
2212 Halladay Trail Fort Worth, TX 4

4 beds 2 baths ∙ 1,845 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 2010
LEASED 10/12/20
Rent

Rent Per SQFT

$1,750

$0.95
2712 Norite Drive Fort Worth, TX 5

4 beds 2 baths ∙ 1,979 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,979 Sqft ∙ Built 2020
LEASED 01/20/21
Rent

Rent Per SQFT

$1,895

$0.96

PROPERTY LISTING DETAILS

Ben Caballero
Homesusa.com

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14519677
Last Updated: 02/19/2021

10608 Dolostone Court Fort Worth, TX 76108

$304,920

$1,650

$82,804

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

FINANCIALS

$274,428$335,41200$304,920

$1,485$1,81500$1,650

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$304,920

$1,650

0.54%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,059

0.17

$52

$304,920

$169.21

$237,594

$131.85

COMPS RANGE

PRICE COMPS ANALYSIS

$1,650

$0.92

$1,689

$0.94

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS