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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $149.25
- 7 Days on Market
- MLS # : 14472416
- Updated Date : 11/21/2020 at 16:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,849 sqft
- Baths : 2 full
Listing Agent
Homesusa.com
Listing Agent's Description
MLS# 14472416 - Built by Antares Homes - January completion! ~ The foyer with boxed ceilings welcomes you into your home. Just off the foyer is the formal dining room. The open-concept kitchen includes stainless steel appliances, a curved island, planning desk, and a corner walk-in pantry. The spacious family room has a stunning cast stone corner fireplace and direct access to the covered patio. Enjoy a master bathroom with a dual sink vanity, a separate walk-in shower, a garden tub, and a spacious walk-in closet. Two additional bedrooms have easy access to a full bathroom and linen closet. For added privacy and convenience, the full-sized utility room provides direct access to the two-car garage.
SEE MORE
- 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)
- # 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)
PRICE & RENT TRENDS
Neighborhood: Garden Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Garden Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$1,018 |
| Property Tax | -$676 | |
| Property Insurance | -$134 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$412
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$275,965
PROJECTED PRICE
$1,530
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 12.9% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.69% |
| 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
$75,131
LOAN DETAILS
$1,018
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,991 |
| Loan Amount | $206,974 |
0
YEARS SAVED
$14
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,572
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
1217 Royal Meadows Trail Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $1,530
- $0.83
-
1904 Alanbrooke Drive Fort Worth, TX 2
- 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 2006
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LEASED 07/13/20- Rent
- Rent Per SQFT
- $1,550
- $0.86
-
1017 Trinidad Drive Fort Worth, TX 3
- 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 2006
![property image]()
LEASED 12/23/19- Rent
- Rent Per SQFT
- $1,595
- $0.83
-
1512 Queens Brook Lane Fort Worth, TX 4
- 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2006
![property image]()
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,679
- $0.85
-
1037 Mckavett Drive Fort Worth, TX 5
- 4 beds 3 baths ∙ 2,036 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,036 Sqft ∙ Built 2004
![property image]()
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,750
- $0.86
PROPERTY LISTING DETAILS
Homesusa.com
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14472416
Last Updated: 11/21/2020
