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11720 Pheasant Creek Drive Fort Worth, TX 76244

4 Beds 3 Baths 2,544 sqft Built 2003

INVESTimate

$324,500

List Price

$2,020

$1,818 - $2,222

Rent Est.

$348,610  ( +7.43%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $127.56
  • 6 Days on Market
  • MLS # : 14417577
  • Updated Date : 08/22/2020 at 16:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,544 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Amazing Open Floor Plan features 4 bedrooms, 2 full baths and one half bath and a swing two car garage. The living spaces are large with a spacious formal dining to the right of foyer. Beautiful wood floors. Kitchen has island and is open to Living area. Master has sitting area. Secondary bedrooms are split away from Master. HURRY BEFORE THIS ONE IS GONE!

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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
Trinity Meadows Intermediate School Primary Regular 988 58 7
Trinity Springs Middle School Middle Regular 1,061 62 8
Timbercreek High School High Regular 2,957 160 8

Trinity Meadows Intermediate School

  • Education Level: Primary
  • # of students: 988
  • # of teachers: 58
7
GreatSchools Rating

Trinity Springs Middle School

  • Education Level: Middle
  • # of students: 1,061
  • # of teachers: 62
8
GreatSchools Rating

Timbercreek High School

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

$292,050$356,950$324,500

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,197
Property Tax -$744
Property Insurance -$174
HOA -$39
Property Management Fees -$99
CASH FLOW
-$233

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.

$324,500

PROJECTED PRICE

$2,020

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.43%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,743

INVESTMENT

$91,743

Down Payment
$81,125
Rehab Estimate
$5,750
Closing Costs
$4,868

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,197

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,125
Loan Amount $243,375
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,645

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,016

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$1,9504$2,0005$2,020
$2,020
RENT COMPS ANALYSIS
  • 11720 Pheasant Creek Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.79
    •  
  • 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
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
  • 3821 Cedar Falls Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 2005
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.78
    •  
  • 11724 Cloveridge Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,412 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,412 Sqft ∙ Built 2002
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.81
    •  
  • 12113 Shadybrook Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2004
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.82
    •  
PROPERTY LISTING DETAILS
Elizabeth Talermo
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417577
Last Updated: 08/22/2020
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