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10853 Middleglen Road Fort Worth, TX 76052

3 Beds 2 Baths 1,616 sqft Built 2010

$245,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $151.61
  • 3 Days on Market
  • MLS # : 14508188
  • Updated Date : 01/30/2021 at 15:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,616 sqft
  • Baths : 2 full
Listing Agent

Realty Executives Dfw Eagle Mt

Listing Agent's Description

Gorgeous 3.2.2. with an open floor plan in a great location. This home features a large kitchen with granite counter tops, breakfast bar, ss appliances, 42 inch stained cabinets, and tile backsplash. Some of the additional beautiful features include a wood burning fireplace, art niches, rounded corners, soothing updated colors, updated alarm with ATT Fiber 1Gbps capable. Spacious master suite with a large tub, separate shower, double sinks and large walk in closet. Secondary rooms separate from master. Landscaped yard with full sprinkler system, covered patios, garden area. Community has tons of amenities, pool, playground, hike bike trails and green spaces. Quick access to Hwy 287 and major highways.

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

Neighborhood: Dorado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $102k281k

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

Neighborhood: Dorado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000Rent in $11262022

* 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
Carl E. Schluter Elementary School Primary Regular 524 33 7
Chisholm Trail Middle School Middle Regular 899 64 7
Byron Nelson High School High Regular 2,552 147 8

Carl E. Schluter Elementary School

  • Education Level: Primary
  • # of students: 524
  • # of teachers: 33
7
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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$851
Property Tax -$562
Property Insurance -$121
HOA -$30
Property Management Fees -$99
CASH FLOW
-$12

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

$1,650

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$9,222

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
  • $1.02

    LIST RENT PER SQFT
  • $1,648

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,7004$1,7255$1,750
$1,750
RENT COMPS ANALYSIS
  • 10853 Middleglen Road Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
  • 10824 Devontree Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2004
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.97
    •  
  • 613 Irish Glen Court Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 2010
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.02
    •  
  • 604 Irish Glen Court Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 2008
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.06
    •  
  • 10861 Calderwood Lane Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 2009
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
PROPERTY LISTING DETAILS
Debbie Patterson
Realty Executives Dfw Eagle Mt
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508188
Last Updated: 01/30/2021
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