Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $186.24
- 7 Days on Market
- MLS # : 14510530
- Updated Date : 02/04/2021 at 10:33
CONSTRUCTION
- Beds : 4
- Floor Size : 2,833 sqft
- Baths : 3 full
Listing Agent
Ultima Real Estate
Listing Agent's Description
Palo Verde plan. Under construction new home in Spring Ranch Estates. Estimated move in, April 2021. Great floor plan for any family with 4 bedrooms with 3 full baths. Open concept kitchen, family room set up with a large nook just off the kitchen. Perfect for family dinners or entertaining. Enjoy the lovely community on your covered back patio. Luxury vinyl plank floors, free standing master bath tub, walk in shower, granite counter tops in the kitchen and much, much more. Great neighborhood and NW ISD Schools!
SEE MORE
- 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
Zip Code: 76052
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76052
* 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.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,550 |
| EXPENSES | Loan Payment | -$1,833 |
| Property Tax | -$1,210 | |
| Property Insurance | -$191 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$834
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$527,630
PROJECTED PRICE
$2,550
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.5% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$141,822
LOAN DETAILS
$1,833
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $131,908 |
| Loan Amount | $395,723 |
-0.08
YEARS SAVED
-$6
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,550
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,536
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
1109 Rocky Springs Trail Fort Worth, TX 3
- 4 beds 3 baths ∙ 2,833 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,833 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $2,550
- $0.90
-
1820 Lavin Plaza Fort Worth, TX 1
- 4 beds 2 baths ∙ 2,509 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,509 Sqft ∙ Built 2019
![property image]()
LEASED 07/20/20- Rent
- Rent Per SQFT
- $2,250
- $0.90
-
14004 Saddlesoap Court Fort Worth, TX 2
- 4 beds 3 baths ∙ 2,817 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,817 Sqft ∙ Built 2011
![property image]()
LEASED 09/18/19- Rent
- Rent Per SQFT
- $2,500
- $0.89
PROPERTY LISTING DETAILS
Ultima Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14510530
Last Updated: 02/04/2021
