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11749 Cottontail Drive Fort Worth, TX 76244

4 Beds 2 Baths 1,576 sqft Built 2004

INVESTimate

$229,000

List Price

$1,540

$1,386 - $1,694

Rent Est.

$246,015  ( +7.43%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $145.30
  • 5 Days on Market
  • MLS # : 14416218
  • Updated Date : 08/22/2020 at 11:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,576 sqft
  • Baths : 2 full
Listing Agent

Quantum Merit Realty

Listing Agent's Description

Great open floor plan with 4 bedroom, 2 bath located in the Villages of Woodland Springs! Microwave, Range, Dishwasher, Refrigerator, Ceiling Fans. Neutral Colors. Updated with new flooring and paint. Large Fenced Back Yard with Sprinkler System. Community Pool, Clubhouse, Basket Ball & Tennis Courts. Keller ISD.

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
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
 

$206,100$251,900$229,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

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-$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$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$845
Property Tax -$525
Property Insurance -$118
HOA -$45
Property Management Fees -$99
CASH FLOW
-$92

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.

$229,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.67%

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$66,435

INVESTMENT

$66,435

Down Payment
$57,250
Rehab Estimate
$5,750
Closing Costs
$3,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,250
Loan Amount $171,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,214

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,517

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5403$1,5504$1,5955$1,625
$1,625
RENT COMPS ANALYSIS
  • 11749 Cottontail Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.98
    •  
  • 11721 Cottontail Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,547 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,547 Sqft ∙ Built 2003
    property image
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.97
    •  
  • 2729 Lynx Lane Fort Worth, TX 3
    • 3 beds 3 baths ∙ 1,646 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,646 Sqft ∙ Built 2004
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 11659 Cottontail Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004
    property image
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.99
    •  
  • 11732 Cottontail Drive Fort Worth, TX 5
    • 3 beds 3 baths ∙ 1,718 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,718 Sqft ∙ Built 2004
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.95
    •  
PROPERTY LISTING DETAILS
David Fesperman
Quantum Merit Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416218
Last Updated: 08/22/2020
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