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1105 Genola Drive Fort Worth, TX 76177

4 Beds 2 Baths 2,224 sqft Built 2018

INVESTimate

$304,888

List Price

$1,880

$1,692 - $2,068

Rent Est.

$330,072  ( +8.26%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $137.09
  • 2 Days on Market
  • MLS # : 14420518
  • Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,224 sqft
  • Baths : 2 full
Listing Agent

Pyron Team Realty

Listing Agent's Description

Immaculate, open and inviting move-in ready home shows like a model and is a must see! Located on a large landscaped lot in Hawthorne Meadows this home offers 4 spacious bedrooms, 2 full baths, inviting formal dining, spacious family room, a wonderful kitchen with large island, double sinks, stainless appliances, abundant cabinet and granite counter space, cozy breakfast, private master suite with his and hers sinks, garden tub, separate shower and walk-in closet, 4th bedroom makes a perfect study, blinds and neutral paint throughout, carpet and tile, Ring doorbell, custom lighting fixtures, and so much more. Covered back patio and large back yard is the perfect place to relax and entertain.

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

Zip Code: 76177

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Zip Code: 76177

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$274,399$335,377$304,888

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,125
Property Tax -$699
Property Insurance -$156
HOA -$40
Property Management Fees -$99
CASH FLOW
-$238

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.

$304,888

PROJECTED PRICE

$1,880

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.26%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,545

INVESTMENT

$86,545

Down Payment
$76,222
Rehab Estimate
$5,750
Closing Costs
$4,573

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,222
Loan Amount $228,666
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,998

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,929

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,765
1$1,7652$1,8753$1,8804$1,8955$1,900
$1,900
RENT COMPS ANALYSIS
  • 1105 Genola Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,224 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,224 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.85
    •  
  • 10105 Red Bluff Lane Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 2005
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,765
    • $0.87
    •  
  • 2316 Grand Rapids Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 2,142 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,142 Sqft ∙ Built 2007
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.88
    •  
  • 2037 Bliss Road Fort Worth, TX 4
    • 4 beds 4 baths ∙ 2,260 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,260 Sqft ∙ Built 2007
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.84
    •  
  • 10125 Haversham Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 2,164 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,164 Sqft ∙ Built 2017
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.88
    •  
PROPERTY LISTING DETAILS
Spalding Pyron
Pyron Team Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14420518
Last Updated: 08/25/2020
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