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1105 Salt Creek Trail Fort Worth, TX 76131

3 Beds 2 Baths 1,778 sqft Built 2004

$200,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $112.49
  • 2 Days on Market
  • MLS # : 14484677
  • Updated Date : 12/11/2020 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,778 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arlington

Listing Agent's Description

If you're looking for a really nice house with a great front porch, you've found it. Open floorplan, living and kitchen flow together with the dining just off to the side. FYI, the Dining room would be a great work from home location or kids play area. The two front bedrooms have nice closets and the master bedroom and bath are at the back of the house for some privacy. The master bath has a jetted tub so you can relax life away and the master walk-in closet has tons of room. Gas fireplace logs and a gas cooktop are always a plus. The community pool will be a big hit this Summer and the elementary school is just around the corner. It's ready for a quick move-in, all it needs is you! Come take a look today.

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: Chisholm Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Chisholm Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Chisholm Ridge Elementary School Primary Regular 651 37 5
Highland Middle School Middle Regular 815 54 7
Saginaw High School High Regular 1,785 113 6

Chisholm Ridge Elementary School

  • Education Level: Primary
  • # of students: 651
  • # of teachers: 37
5
GreatSchools Rating

Highland Middle School

  • Education Level: Middle
  • # of students: 815
  • # of teachers: 54
7
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$738
Property Tax -$494
Property Insurance -$130
HOA -$33
Property Management Fees -$99
CASH FLOW
$76

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.

$200,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$16,173

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,565

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5503$1,5704$1,5955$1,670
$1,670
RENT COMPS ANALYSIS
  • 1105 Salt Creek Trail Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.88
    •  
  • 1737 White Feather Lane Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2005
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.85
    •  
  • 8417 Prairie Fire Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2005
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.86
    •  
  • 8417 Hawks Nest Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2005
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.89
    •  
  • 1225 Mountain Air Trail Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 2006
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.92
    •  
PROPERTY LISTING DETAILS
John Gann
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484677
Last Updated: 12/11/2020
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