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PROPERTY INFO
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
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ridgeview Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,485
LOAN DETAILS
$1,386
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,750 |
| Loan Amount | $299,250 |
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
-
1205 Realoaks Drive Fort Worth, TX 3
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- 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
Fathom Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14517881
Last Updated: 02/12/2021
