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1160 Kachina Lane Fort Worth, TX 76052

3 Beds 2 Baths 1,487 sqft Built 2007

$210,975

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $141.88
  • 3 Days on Market
  • MLS # : 14471741
  • Updated Date : 11/28/2020 at 23:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,487 sqft
  • Baths : 2 full
Listing Agent

Ready Real Estate, Llc

Listing Agent's Description

Nice well maintained home with open concept and laminate floors thru-out. Settled in sought after Sendera Ranch neighborhood with Northwest ISD and private schools some in walking distance. Like new backyard fencing with covered patio. Neighborhood walking trails, pools, along with shopping, dining, and entertainment nearby.

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: Sendera Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $100k336k

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

Neighborhood: Sendera Ranch

NeighborhoodNIR 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
Sendera Ranch Elementary School Primary Regular 599 37 8
Truett Wilson Middle School Middle Unknown 844 58 NA
Byron Nelson High School High Regular 2,552 147 8

Sendera Ranch Elementary School

  • Education Level: Primary
  • # of students: 599
  • # of teachers: 37
8
GreatSchools Rating

Truett Wilson Middle School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 58
NA
GreatSchools Rating

Byron Nelson High School

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

$189,878$232,073$210,975

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$778
Property Tax -$484
Property Insurance -$113
HOA -$46
Property Management Fees -$99
CASH FLOW
$10

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.

$210,975

PROJECTED PRICE

$1,530

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.7%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,658

INVESTMENT

$61,658

Down Payment
$52,744
Rehab Estimate
$5,750
Closing Costs
$3,165

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$778

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,744
Loan Amount $158,231
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$11,415

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,528

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5303$1,5754$1,5955$1,750
$1,750
RENT COMPS ANALYSIS
  • 1160 Kachina Lane Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $1.03
    •  
  • 14241 Polo Ranch Street Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2007
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.98
    •  
  • 1205 Roping Reins Way Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2005
    property image
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.03
    •  
  • 1128 Diablo Pass Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2009
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.03
    •  
  • 1188 Kachina Lane Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2007
    property image
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.07
    •  
PROPERTY LISTING DETAILS
Rene Patterson
Ready Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471741
Last Updated: 11/28/2020
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