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11409 Gold Canyon Drive Fort Worth, TX 76052

4 Beds 3 Baths 3,000 sqft Built 2017

$334,900

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $111.63
  • 4 Days on Market
  • MLS # : 14475450
  • Updated Date : 12/03/2020 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,000 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp & Associates Plano

Listing Agent's Description

Beautiful home in Dorado Ranch serving highly sought after Northwest ISD! This popular 4 bed floor plan feat. 2 living areas & a formal dining off the entry which could also double as a study. Its open layout offers a master down w. dual sinks, garden tub, sep. shower & a huge WI closet. Upstairs has 3 bdrms, game room plus full bath. The spacious living room w. vaulted ceilings, built in speakers & wood burning FP looks out to the covered patio w. speakers & opens up to the kitchen nook & a gourmet kitchen feat. granite counters, WI pantry & a large breakfast bar. Perfect for entertaining! Great location close to community amenities, schools & freeways. Come enjoy a serene country life with city conveniences!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Zip Code: 76052

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 76052

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
 

$301,410$368,390$334,900

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,236
Property Tax -$768
Property Insurance -$201
HOA -$25
Property Management Fees -$99
CASH FLOW
-$468

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.

$334,900

PROJECTED PRICE

$1,860

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,499

INVESTMENT

$94,499

Down Payment
$83,725
Rehab Estimate
$5,750
Closing Costs
$5,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,725
Loan Amount $251,175
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$28

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $1,980

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8603$1,8954$1,9355$1,950
$1,950
RENT COMPS ANALYSIS
  • 11409 Gold Canyon Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.62
    •  
  • 10444 Turning Leaf Trail Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,929 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,929 Sqft ∙ Built 2005
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.63
    •  
  • 708 Devontree Court Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,709 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,709 Sqft ∙ Built 2004
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.70
    •  
  • 10805 Middleglen Road Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 2004
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,935
    • $0.67
    •  
  • 10512 Turning Leaf Trail Fort Worth, TX 5
    • 4 beds 3 baths ∙ 3,045 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,045 Sqft ∙ Built 2005
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.64
    •  
PROPERTY LISTING DETAILS
Shairoz Nathoo
Jp & Associates Plano
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475450
Last Updated: 12/03/2020
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