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1201 Sierra Blanca Drive Fort Worth, TX 76028

3 Beds 2 Baths 1,823 sqft Built 2014

$235,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $128.91
  • 2 Days on Market
  • MLS # : 14484658
  • Updated Date : 12/11/2020 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,823 sqft
  • Baths : 2 full
Listing Agent

Front Real Estate Co

Listing Agent's Description

Well cared for, DR Horton home in highly desired Burleson ISD. Floor plan is flexible with Formal Dining room and office space to be used as desired. The kitchen is open with a lot of storage and stainless steel appliances. Large master bedroom features dual sinks, a large garden tub and a walk in closet. Backyard features a covered patio that is private with no back neighbors and a new storage shed. New roof in 2017. This one won't last long!

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: Deer Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k258k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Deer Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Brock Elementary School Primary Regular 658 38 5
Kerr Middle School Middle Regular 1,258 72 5
Kerr Middle School High Regular 1,258 72 5

Brock Elementary School

  • Education Level: Primary
  • # of students: 658
  • # of teachers: 38
5
GreatSchools Rating

Kerr Middle School

  • Education Level: Middle
  • # of students: 1,258
  • # of teachers: 72
5
GreatSchools Rating

Kerr Middle School

  • Education Level: High
  • # of students: 1,258
  • # of teachers: 72
5
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$867
Property Tax -$539
Property Insurance -$133
HOA -$13
Property Management Fees -$99
CASH FLOW
$50

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.

$235,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.0%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$15,612

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,705

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,7004$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 1201 Sierra Blanca Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 12333 Silver Mist Trail Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2003
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.89
    •  
  • 904 Meadow Scape Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 2018
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
  • 12204 Rolling Ridge Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 2002
    property image
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
  • 12117 Rowsley Lane Burleson, TX 5
    • 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 2008
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
PROPERTY LISTING DETAILS
Kelly Knox
Front Real Estate Co
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484658
Last Updated: 12/11/2020
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