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1213 Round Pen Run Fort Worth, TX 76052

3 Beds 2 Baths 1,727 sqft Built 2007

$229,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $132.60
  • 2 Days on Market
  • MLS # : 14469410
  • Updated Date : 11/14/2020 at 17:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,727 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Southlake

Listing Agent's Description

Come and see this cute and well maintained house. Move in ready with fresh paint throughout. Backs to a greenbelt. Close to walking trails. Open kitchen concept with granite counter tops. House is close to cul-de-sac. Quick access to 287 and 114. CVS pharmacy is close by. Great schools close to elementary school. Don't miss this opportunity this house 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: Sendera Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $100k336k

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

Neighborhood: Sendera Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Truett Wilson Middle School Middle Unknown 844 58 NA
Byron Nelson High School High Regular 2,552 147 8

Truett Wilson Middle School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 58
NA
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$206,100$251,900$229,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$845
Property Tax -$525
Property Insurance -$127
HOA -$46
Property Management Fees -$99
CASH FLOW
-$2

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.

$229,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.7%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

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$66,435

INVESTMENT

$66,435

Down Payment
$57,250
Rehab Estimate
$5,750
Closing Costs
$3,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,250
Loan Amount $171,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$11,290

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,636

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,540
1$1,5402$1,6003$1,6404$1,6755$1,700
$1,700
RENT COMPS ANALYSIS
  • 1213 Round Pen Run Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.95
    •  
  • 1156 Mustang Ridge Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 2004
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.93
    •  
  • 1152 Mustang Ridge Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 2004
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
  • 14168 Snaffle Bit Trail Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 2006
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.94
    •  
  • 14164 Snaffle Bit Trail Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 2006
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
PROPERTY LISTING DETAILS
Roxana Hale
Jp And Associates Southlake
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469410
Last Updated: 11/14/2020
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