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11944 Yarmouth Lane Fort Worth, TX 76108

5 Beds 3 Baths 3,008 sqft Built 2015

$389,975

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $129.65
  • 4 Days on Market
  • MLS # : 14497296
  • Updated Date : 01/14/2021 at 22:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,008 sqft
  • Baths : 3 full
Listing Agent

Burt Ladner Real Estate Llc

Listing Agent's Description

Amazing French Country Custom built Clarity Home with over 69K in upgrades (list in attachments). Meticulously maintained, rich hardwoods, tall ceilings, extra windows installed for an abundance of natural light, crown molding and plantation shutters. Beautiful living with gas fireplace opens to dining and kitchen featuring Quartz Carrera, SS appliances, gas cooktop and custom cabinets. First floor Master with walk-in closet connecting to laundry room. Additional sqft added to floorplan in first floor guest bedroom. Upstairs second living with full bath and 3 additional bedrooms. Oversized garage with 10 added ft for storage. Low utilities. Resort-like community pool, clubhouse, walking trails and play area.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
North Elementary School Primary Regular 840 44 6
Brewer Middle School Middle Regular 986 55 6
Brewer Middle School High Regular 986 55 6

North Elementary School

  • Education Level: Primary
  • # of students: 840
  • # of teachers: 44
6
GreatSchools Rating

Brewer Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating

Brewer Middle School

  • Education Level: High
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating
 

$350,978$428,973$389,975

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,355
Property Tax -$1,039
Property Insurance -$201
HOA -$58
Property Management Fees -$99
CASH FLOW
-$632

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.

$389,975

PROJECTED PRICE

$2,120

PROJECTED RENT

0.54%

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) 8.00%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$109,093

INVESTMENT

$109,093

Down Payment
$97,494
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,494
Loan Amount $292,481
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$17

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,497

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,120
1$2,1202$2,495
$2,495
RENT COMPS ANALYSIS
  • 11944 Yarmouth Lane Fort Worth, TX 1
    • 5 beds 3 baths ∙ 3,008 Sqft ∙ Built 2015 5 beds 3 baths ∙ 3,008 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.70
    •  
  • 340 Retama Drive Fort Worth, TX 2
    • 6 beds 4 baths ∙ 3,000 Sqft ∙ Built 2018 6 beds 4 baths ∙ 3,000 Sqft ∙ Built 2018
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.83
    •  
PROPERTY LISTING DETAILS
Tk Dorsey
Burt Ladner Real Estate Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497296
Last Updated: 01/14/2021
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