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1104 Kielder Circle Fort Worth, TX 76134

3 Beds 3 Baths 2,040 sqft Built 2008

$245,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $120.10
  • 5 Days on Market
  • MLS # : 14479657
  • Updated Date : 12/02/2020 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,040 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful REMODELED home! This home will have it all, 3 bedrooms and 2.5 bathroom, within a nicely laid out open floor plan. Enjoy your large living area, large dining & Chef's dream kitchen with custom cabinets, beautiful backsplash, breakfast bar & pantry. The master suite is split from other bedrooms. Fantastic covered front porch for sitting and enjoying your morning coffee. This would be a great home for someone starting out or for downsizing. Near schools, shopping, hwy ways, and entertainment. Great Location!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Winchester Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Winchester Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8541734

* 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
Sycamore Elementary School Primary Regular 575 36 4
Crowley Middle School Middle Regular 615 45 4
Crowley High School High Regular 2,033 150 4

Sycamore Elementary School

  • Education Level: Primary
  • # of students: 575
  • # of teachers: 36
4
GreatSchools Rating

Crowley Middle School

  • Education Level: Middle
  • # of students: 615
  • # of teachers: 45
4
GreatSchools Rating

Crowley High School

  • Education Level: High
  • # of students: 2,033
  • # of teachers: 150
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$904
Property Tax -$562
Property Insurance -$145
HOA -$15
Property Management Fees -$99
CASH FLOW
-$115

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.

$245,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 12.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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-$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$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 65% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$4,367

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,739

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6103$1,7504$1,7505$1,845
$1,845
RENT COMPS ANALYSIS
  • 1104 Kielder Circle Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.79
    •  
  • 1101 Castle Springs Road Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2010
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.83
    •  
  • 61 Lucas Lane Edgecliff Village, TX 3
    • 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2006
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
  • 1133 Colchester Court Fort Worth, TX 4
    • 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 2016
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
  • 417 Dakota Ridge Drive Fort Worth, TX 5
    • 3 beds 3 baths ∙ 2,237 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,237 Sqft ∙ Built 2006
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.82
    •  
PROPERTY LISTING DETAILS
Fernando Espinoza
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14479657
Last Updated: 12/02/2020
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