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10700 Lipan Trail Fort Worth, TX 76108

4 Beds 3 Baths 3,088 sqft Built 2004

$280,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $90.67
  • 4 Days on Market
  • MLS # : 14491818
  • Updated Date : 12/31/2020 at 04:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,088 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fathom Realty, Llc

Listing Agent's Description

Spacious and beautiful home on a corner lot with custom design touches throughout. Features 2 living areas, 4 bed, 2.5 bath and a large kitchen made for a gourmet cook. Study nook upstairs with a high tech security system and media room. Oversized master bedroom with plenty of closet space with views of downtown FW. Covered back porch, large backyard with a sprinkler system. Tankless hot water heater. HVAC replaced 2 years ago. Home is where your heart is so come see this home and fall in love!

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: Vista West

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k246k

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

Neighborhood: Vista West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9191887

* 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
Blue Haze Elementary School Primary Regular 844 48 7
Brewer Middle School Middle Regular 986 55 6
Brewer Middle School High Regular 986 55 6

Blue Haze Elementary School

  • Education Level: Primary
  • # of students: 844
  • # of teachers: 48
7
GreatSchools Rating

Brewer Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating

Brewer Middle School

  • Education Level: High
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,033
Property Tax -$642
Property Insurance -$206
HOA -$37
Property Management Fees -$99
CASH FLOW
-$76

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.

$280,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.7%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$8,192

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,945

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9403$1,9504$1,9955$1,999
$1,999
RENT COMPS ANALYSIS
  • 10700 Lipan Trail Fort Worth, TX 2
    • 4 beds 3 baths ∙ 3,088 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,088 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.63
    •  
  • 10701 Ambling Trail Fort Worth, TX 1
    • 4 beds 3 baths ∙ 3,047 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,047 Sqft ∙ Built 2005
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.61
    •  
  • 10645 Bluestone Road Fort Worth, TX 3
    • 4 beds 3 baths ∙ 3,106 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,106 Sqft ∙ Built 2004
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.63
    •  
  • 10632 Vista Heights Boulevard Fort Worth, TX 4
    • 4 beds 3 baths ∙ 3,124 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,124 Sqft ∙ Built 2005
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.64
    •  
  • 10601 Bluestone Road Fort Worth, TX 5
    • 4 beds 3 baths ∙ 3,112 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,112 Sqft ∙ Built 2004
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.64
    •  
PROPERTY LISTING DETAILS
Stacey Blair
Fathom Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14491818
Last Updated: 12/31/2020
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