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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $176.60
- 3 Days on Market
- MLS # : 14519739
- Updated Date : 02/19/2021 at 20:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,911 sqft
- Baths : 2 full
Listing Agent
Re/max Proadvantage
Listing Agent's Description
Beazer Homes Silverado floor plan in the master planned community of Wellington. This single-story home features 3 beds, 2 baths, study, covered patio plus 2-car garage! The kitchen includes upgraded stainless steel appliances and a large island. The family room creates a perfect open space for entertaining and includes a cozy fireplace. The primary suite features a walk-in closet. The primary bathroom includes a walk-in shower, soaking tub and dual vanity sinks. *Days on market is based on start of construction.*
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76052
* 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.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$1,172 |
| Property Tax | -$774 | |
| Property Insurance | -$138 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$415
|
||
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.
$337,490
PROJECTED PRICE
$1,820
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,435
LOAN DETAILS
$1,172
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $84,373 |
| Loan Amount | $253,118 |
0.17
YEARS SAVED
$52
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,825
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
11825 Toppell Trail Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $1,820
- $0.95
-
1417 Mesa Crest Drive Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 2011
LEASED 11/04/20- Rent
- Rent Per SQFT
- $1,900
- $0.96
-
1120 Crest Meadow Drive Fort Worth, TX 3
- 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 2013
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,995
- $0.99
-
1012 Mesa Crest Drive Fort Worth, TX 4
- 3 beds 2 baths ∙ 2,236 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,236 Sqft ∙ Built 2015
LEASED 06/30/20- Rent
- Rent Per SQFT
- $2,100
- $0.94
-
11321 Gold Canyon Drive Fort Worth, TX 5
- 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 2017
LEASED 10/02/20- Rent
- Rent Per SQFT
- $2,100
- $0.93
PROPERTY LISTING DETAILS
Re/max Proadvantage
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519739
Last Updated: 02/19/2021
