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11717 Madrono Drive Fort Worth, TX 76108

4 Beds 3 Baths 2,829 sqft Built 2020

$353,177

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $124.84
  • 6 Days on Market
  • MLS # : 14521113
  • Updated Date : 02/23/2021 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,829 sqft
  • Baths : 2 full , 1 half
Listing Agent

Imp Realty

Listing Agent's Description

MLS# 14521113 - Built by Impression Homes - March completion! ~ Beautiful Impression Homes Bristol plan (same as the model) – 2829 square foot Two Story 4-2.5-2 with a study and Kitchen Island. FULL Brick and Stone elevation. This home, with 8 foot interior doors, is PERFECT for entertaining. Wood tile floors from the entry through the living room. The Owner’s Suite has separate frameless shower, SEPARATE VANITIES, garden tub and large walk-in closet. Full blinds. This beautiful NEW home also has an extended covered patio, balcony, AND a view to die for. You simply will not find a more beautiful home, in as awesome a neighborhood, for the price! DON’T FORGET OUR INCENTIVES!

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

Zip Code: 76108

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Zip Code: 76108

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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.
 

$317,859$388,495$353,177

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,227
Property Tax -$810
Property Insurance -$191
HOA -$58
Property Management Fees -$99
CASH FLOW
-$144

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.

$353,177

PROJECTED PRICE

$2,240

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
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-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,592

INVESTMENT

$95,592

Down Payment
$88,294
Rehab Estimate
$2,000
Closing Costs
$5,298

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,227

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,294
Loan Amount $264,883
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$4,965

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,178

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,240
$2,240
RENT COMPS ANALYSIS
  • 11717 Madrono Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,829 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,829 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.79
    •  
  • 10954 Live Oak Creek Drive Fort Worth, TX 1
    • 3 beds 3 baths ∙ 2,526 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,526 Sqft ∙ Built 2005
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Imp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14521113
Last Updated: 02/23/2021
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