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11724 Wulstone Road Fort Worth, TX 76052

4 Beds 3 Baths 2,727 sqft Built 2021

$423,899

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $155.45
  • 3 Days on Market
  • MLS # : 14519728
  • Updated Date : 02/19/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,727 sqft
  • Baths : 3 full
Listing Agent

Re/max Proadvantage

Listing Agent's Description

*BY APPOINTMENT ONLY* Beazer Homes Brookhaven floor plan. 4 bedroom, 3 bath, fireplace, extended patio and 2 car garage. Tucked in the back of the neighborhood with walking and biking trails all around. *Days on market is based on start of construction.*

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

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$381,509$466,289$423,899

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,472
Property Tax -$972
Property Insurance -$185
HOA -$52
Property Management Fees -$99
CASH FLOW
-$300

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.

$423,899

PROJECTED PRICE

$2,480

PROJECTED RENT

0.59%

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) 3.00%
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$1.2M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,333

INVESTMENT

$114,333

Down Payment
$105,975
Rehab Estimate
$2,000
Closing Costs
$6,358

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,975
Loan Amount $317,924
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,292

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,468

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2503$2,3004$2,4805$2,675
$2,675
RENT COMPS ANALYSIS
  • 11724 Wulstone Road Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.91
    •  
  • 11432 Dorado Vista Trail Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2017
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 1820 Lavin Plaza Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,509 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,509 Sqft ∙ Built 2019
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.90
    •  
  • 924 Basket Willow Terrace Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,740 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,740 Sqft ∙ Built 2018
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.84
    •  
  • 1801 Lavin Plaza Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 2019
    property image
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $1.02
    •  
PROPERTY LISTING DETAILS
Ginger Weeks
Re/max Proadvantage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14519728
Last Updated: 02/19/2021
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