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1100 Fawn Meadow Trail Kennedale, TX 76060

3 Beds 2 Baths 1,759 sqft Built 2000

$275,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $156.34
  • 3 Days on Market
  • MLS # : 14493542
  • Updated Date : 01/08/2021 at 09:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,759 sqft
  • Baths : 2 full
Listing Agent

Baas Realty, Llc

Listing Agent's Description

You have arrived to your forever home. Recently painted interior & updated owner's ensuite boasts large shower with glass wall, drying & shaving benches; tile flooring, tall toilet & seamless sinks & countertops. Large kitchen with working island, lots of cabinet space, recently upgraded LG range & serving bar. Separate large laundry room with storage & counter space. Ring doorbell & Nest thermostat will stay. Most windows have been update with energy efficient & easy to clean glass. Outdoor landscaping has been updated with year-around plants and white rock mulch. Vinyl fence recently replaced with the finishing touches being completed in Feb. Lawn, preventative pest control & HVAC professionally maintained.

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: Rolling Acres

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $114k336k

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

Neighborhood: Rolling Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10052171

* 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
Kennedale High School High Regular 993 60 5

Kennedale High School

  • Education Level: High
  • # of students: 993
  • # of teachers: 60
5
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$955
Property Tax -$635
Property Insurance -$129
Property Management Fees -$99
CASH FLOW
-$138

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$275,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$3,552

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
  • $0.96

    LIST RENT PER SQFT
  • $1,724

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,5953$1,6804$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 1100 Fawn Meadow Trail Kennedale, TX 3
    • 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.96
    •  
  • 5733 Vandalia Trail Arlington, TX 1
    • 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1996
    property image
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.97
    •  
  • 5622 Northstar Lane Arlington, TX 2
    • 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1997
    property image
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.97
    •  
  • 5925 Rock Meadow Trail Arlington, TX 4
    • 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 1998
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.00
    •  
  • 1128 Fawn Meadow Trail Kennedale, TX 5
    • 4 beds 2 baths ∙ 1,838 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,838 Sqft ∙ Built 2000
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
PROPERTY LISTING DETAILS
Cynthia Baas
Baas Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493542
Last Updated: 01/08/2021
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