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1104 Sunderland Lane Fort Worth, TX 76134

3 Beds 3 Baths 2,043 sqft Built 2007

$245,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $119.92
  • 3 Days on Market
  • MLS # : 14475972
  • Updated Date : 11/28/2020 at 09:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,043 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Mike Bowman, Inc.

Listing Agent's Description

This Beautiful 3 bedroom open floor plan home is move-in ready in Winchester Park. Large Kitchen with a spacious island and amenities include a refrigerator. Other features includes laminate wood flooring in the downstairs living area, washing machine and dryer and a water purifying system. Great floor plan with a formal dining area that can be used as a study. The living room is open to the kitchen with a wood burning fireplace. Large master retreat that features dual sinks, separate tub and shower, and a walk-in closet. Enjoy privacy along with a beautiful view on the upstairs balcony that opens from the game room. Bring your personal creative touch and make this your perfect home. MUST SEE and will GO FAST!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$904
Property Tax -$562
Property Insurance -$145
HOA -$17
Property Management Fees -$99
CASH FLOW
$24

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

$1,750

PROJECTED RENT

0.71%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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 55% 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

4.58

YEARS SAVED

$13,732

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,808

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6503$1,7504$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 1104 Sunderland Lane Fort Worth, TX 5
    • 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
  • 1152 Sunderland Lane Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 2006
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.88
    •  
  • 6904 Legato Lane Fort Worth, TX 2
    • 3 beds 3 baths ∙ 1,833 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,833 Sqft ∙ Built 2008
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 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
    property image
    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
    property image
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
PROPERTY LISTING DETAILS
Andrea Hollins
Century 21 Mike Bowman, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475972
Last Updated: 11/28/2020
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