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11160 Hawks Landing Road Fort Worth, TX 76052

4 Beds 3 Baths 2,593 sqft Built 2010

$285,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $109.91
  • 6 Days on Market
  • MLS # : 14482883
  • Updated Date : 12/10/2020 at 13:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,593 sqft
  • Baths : 2 full , 1 half
Listing Agent

Amc Realty

Listing Agent's Description

MULTIPLE OFFERS RECEIVED. DEADLINE FOR BEST & FINAL OFFERS IS SUDAY DEC 13TH BY 5:00. This home has it all! 4 bedrooms, 2.1 bath, a formal dining and eat in kitchen with beautiful hardwood floors throughout main areas. Open concept kitchen and living area is perfect for entertaining! The master suite is a peaceful retreat after a long day and upstairs is a spacious second living area or game room. Highly sought after neighborhood with community pool, playground and jogging path. Minutes from schools, shopping and entertainment.

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: Dorado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $102k281k

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

Neighborhood: Dorado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000Rent in $11262022

* 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
Carl E. Schluter Elementary School Primary Regular 524 33 7
Chisholm Trail Middle School Middle Regular 899 64 7
Byron Nelson High School High Regular 2,552 147 8

Carl E. Schluter Elementary School

  • Education Level: Primary
  • # of students: 524
  • # of teachers: 33
7
GreatSchools Rating

Chisholm Trail Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 64
7
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,052
Property Tax -$653
Property Insurance -$177
HOA -$25
Property Management Fees -$99
CASH FLOW
$34

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.

$285,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.3%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$17,184

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,029

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,845
1$1,8452$1,8953$2,0404$2,1005$2,300
$2,300
RENT COMPS ANALYSIS
  • 11160 Hawks Landing Road Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.79
    •  
  • 553 Baverton Lane Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 2005
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.71
    •  
  • 10840 Braemoor Drive Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,644 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,644 Sqft ∙ Built 2005
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.72
    •  
  • 11432 Dorado Vista Trail Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2017
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 924 Basket Willow Terrace Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,740 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,740 Sqft ∙ Built 2018
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.84
    •  
PROPERTY LISTING DETAILS
Melanie Kelly
Amc Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14482883
Last Updated: 12/10/2020
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