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1205 Realoaks Drive Fort Worth, TX 76131

4 Beds 4 Baths 3,356 sqft Built 2012

$399,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $118.89
  • 3 Days on Market
  • MLS # : 14517881
  • Updated Date : 02/12/2021 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,356 sqft
  • Baths : 3 full , 1 half
Listing Agent

Fathom Realty Llc

Listing Agent's Description

Pride of ownership shows in this immaculate home loaded with so many extras! Open concept kitchen looks into light and bright living room with vaulted ceilings and wall of windows. New hardwoods in study, entry, and main living. Fresh paint downstairs. Master bathroom has connected access to oversized laundry room with folding station. Mudroom off garage entry. Bose surround sound in media room with built in cabinets. Game room features color changing lights with bluetooth speakers and mounted TV. Smart features include light switches, ring cameras, video doorbell, and smart thermostats. Relax in the backyard under the covered patio with extended decking. Ensuite bath in upstairs bedroom. Window seat in kitchen

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: Ridgeview Farms

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Ridgeview Farms

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
Comanche Springs Elementary School Primary Regular 586 34 5
Prairie Vista Middle School Middle Regular 866 53 5
Saginaw High School High Regular 1,785 113 6

Comanche Springs Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 34
5
GreatSchools Rating

Prairie Vista Middle School

  • Education Level: Middle
  • # of students: 866
  • # of teachers: 53
5
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,386
Property Tax -$915
Property Insurance -$221
HOA -$30
Property Management Fees -$99
CASH FLOW
-$301

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.

$399,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,758

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,341

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,2503$2,3504$2,4955$2,500
$2,500
RENT COMPS ANALYSIS
  • 1205 Realoaks Drive Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,356 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,356 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.70
    •  
  • 8133 Hennessey Fort Worth, TX 1
    • 4 beds 3 baths ∙ 3,053 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,053 Sqft ∙ Built 2006
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.64
    •  
  • 2245 Juarez Drive Fort Worth, TX 2
    • 4 beds 4 baths ∙ 3,426 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,426 Sqft ∙ Built 2015
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.66
    •  
  • 733 Dalrock Road Fort Worth, TX 4
    • 4 beds 3 baths ∙ 3,581 Sqft ∙ Built 2009 4 beds 3 baths ∙ 3,581 Sqft ∙ Built 2009
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.70
    •  
  • 1420 Creosote Drive Fort Worth, TX 5
    • 4 beds 4 baths ∙ 3,161 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,161 Sqft ∙ Built 2012
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.79
    •  
PROPERTY LISTING DETAILS
Audrey Hall
Fathom Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517881
Last Updated: 02/12/2021
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