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11516 Blue Jack Trail Fort Worth, TX 76244

4 Beds 3 Baths 2,296 sqft Built 2005

$269,900

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $117.55
  • 3 Days on Market
  • MLS # : 14516038
  • Updated Date : 02/13/2021 at 10:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,296 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

OPEN HOUSE ON SAT. FEB. 13 FROM 12-3. Lovely 2-story 4 BDRM, 2.5 BTH home located in Keller ISD and Villages of Woodland Springs. NEW appliances, HVAC, sod in front yard, and landscaping. Newer interior and exterior paint, carpet, and vinyl plank flooring. Home features 2 living areas on main floor with open concept floorplan. Kitchen offers granite countertops, NEW stainless steel appliances, island, and walk-in pantry. Additional family room in upper level. Primary suite features soaking tub, separate shower, dual sinks and walk-in closet. Exterior features include patio, deck and pergola, all in a fenced backyard. HOA offers pool, playground, park, jogging path, pond and more! Centrally located.

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: Villages of Woodland Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Villages of Woodland Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
Woodland Springs Elementary School Primary Regular 526 38 6
Timbercreek High School High Regular 2,957 160 8
Timbercreek High School High Unknown NA

Woodland Springs Elementary School

  • Education Level: Primary
  • # of students: 526
  • # of teachers: 38
6
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students: 2,957
  • # of teachers: 160
8
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$937
Property Tax -$619
Property Insurance -$160
HOA -$50
Property Management Fees -$99
CASH FLOW
$25

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.

$269,900

PROJECTED PRICE

$1,890

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.4%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$12,319

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,883

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8503$1,8904$1,9005$1,930
$1,930
RENT COMPS ANALYSIS
  • 11516 Blue Jack Trail Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.82
    •  
  • 5485 Pecan Creek Circle Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 2001
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
  • 5333 Vestia Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2001
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
  • 11813 Gold Creek Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 2001
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
  • 5316 Lily Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 2002
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.85
    •  
PROPERTY LISTING DETAILS
Charles Brown
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14516038
Last Updated: 02/13/2021
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