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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $143.44
- 3 Days on Market
- MLS # : 14518573
- Updated Date : 02/27/2021 at 17:42
CONSTRUCTION
- Beds : 3
- Floor Size : 1,708 sqft
- Baths : 2 full
Listing Agent
Exp Realty Llc
Listing Agent's Description
**MULTIPLE OFFERS RECEIVED* DEADLINE FOR BEST & FINAL OFFERS IS SUNDAY AT MIDNIGHT! The community boasts a clubhouse, pool, park, 2 playgrounds, greenbelt & walking trails. Conveniently located near sought-after NISD schools. This home backs up to the large greenbelt - no neighbors behind you! Functional floorplan features a Living room with fireplace, Flex room can be used as a second living room or office - just off the entryway. Large eat-in Kitchen with Breakfast room area opens to the living room, perfect for entertaining friends & family. Generously sized Master suite with dual sinks, separate shower, garden tub & walk-in closet. Backyard features both a covered & open patio space.
SEE MORE
- . 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
Neighborhood: Dorado Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dorado Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$851 |
| Property Tax | -$562 | |
| Property Insurance | -$126 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$18
|
||
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.
$245,000
PROJECTED PRICE
$1,680
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.3% |
| 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
$70,675
LOAN DETAILS
$851
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
4.5
YEARS SAVED
$11,274
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,674
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
10853 Hawks Landing Road Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $1,680
- $0.98
-
613 Irish Glen Court Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 2010
![property image]()
LEASED 08/02/20- Rent
- Rent Per SQFT
- $1,700
- $1.02
-
10849 Hawks Landing Road Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 2007
![property image]()
LEASED 09/25/20- Rent
- Rent Per SQFT
- $1,750
- $0.95
-
10933 Irish Glen Trail Fort Worth, TX 4
- 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2009
![property image]()
LEASED 06/23/20- Rent
- Rent Per SQFT
- $1,795
- $0.97
-
10736 Kittering Trail Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2006
![property image]()
LEASED 01/28/21- Rent
- Rent Per SQFT
- $1,795
- $0.98
PROPERTY LISTING DETAILS
Exp Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14518573
Last Updated: 02/27/2021
