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12229 Durango Root Drive Fort Worth, TX 76244

4 Beds 3 Baths 2,508 sqft Built 2006

$300,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $119.62
  • 5 Days on Market
  • MLS # : 14469220
  • Updated Date : 11/13/2020 at 12:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,508 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

LOOK NO FURTHER! This 4 BR, 2.5 bath GEM is nestled in the Villages of Woodland Springs, featuring 6 community pools, multiple walking trails, clubhouses, parks, playgrounds & MORE! Feeding into the HIGHLY rated Keller ISD - this is the definition of perfection. With master down & secondary bedrooms up, this floor plan can fit any need! From the beautiful shade and heat tolerant Zoysia grass in the yard to the soaring ceilings upon entering, this well-maintained house is ready for you to call it home! Located minutes from schools, shopping, dining, and major highways! Granite Countertops in the kitchen, energy-efficient windows installed 1 year ago with a warranty, water heater replaced just 3 months & more!

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: Villages of Woodland Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Villages of Woodland Springs

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
Trinity Meadows Intermediate School Primary Regular 988 58 7
Trinity Springs Middle School Middle Regular 1,061 62 8
Timbercreek High School High Regular 2,957 160 8

Trinity Meadows Intermediate School

  • Education Level: Primary
  • # of students: 988
  • # of teachers: 58
7
GreatSchools Rating

Trinity Springs Middle School

  • Education Level: Middle
  • # of students: 1,061
  • # of teachers: 62
8
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students: 2,957
  • # of teachers: 160
8
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,107
Property Tax -$688
Property Insurance -$172
HOA -$45
Property Management Fees -$99
CASH FLOW
-$51

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.

$300,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.4%
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-$4.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$11,151

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,113

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,0604$2,1905$2,195
$2,195
RENT COMPS ANALYSIS
  • 12229 Durango Root Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.82
    •  
  • 12437 Grey Twig Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,420 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,420 Sqft ∙ Built 2006
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.82
    •  
  • 12233 Macaroon Lane Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2005
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.80
    •  
  • 4676 Lance Leaf Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2006
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.91
    •  
  • 12513 Lizzie Place Fort Worth, TX 5
    • 3 beds 3 baths ∙ 2,624 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,624 Sqft ∙ Built 2005
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.84
    •  
PROPERTY LISTING DETAILS
Mila Yakhnis
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469220
Last Updated: 11/13/2020
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