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1224 Diablo Pass Fort Worth, TX 76052

3 Beds 2 Baths 1,737 sqft Built 2011

$235,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $135.29
  • 4 Days on Market
  • MLS # : 14469001
  • Updated Date : 11/13/2020 at 13:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,737 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

MULTIPLE OFFERS! DEADLINE FOR HIGHEST & BEST IS SATURDAY 11-14 @ 5PM! Don't miss this gorgeous, updated home in the celebrated subdivision of Sendera Ranch. You'll love the open concept of the main living area and the various upgrades throughout, including brand new luxury vinyl plank flooring, granite countertops, gas oven and cooktop, and fresh paint. Bonus: this home is energy efficient with 14-seer heating and cooling system and radiant barrier. You can sit on the sprawling covered back patio and enjoy a cup of coffee while gazing out over acres of wide-open land. Sendera Ranch features amenities such as multiple community pools and parks and miles of walking trails throughout the neighborhood.

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
Sendera Ranch Elementary School Primary Regular 599 37 8
Truett Wilson Middle School Middle Unknown 844 58 NA
Byron Nelson High School High Regular 2,552 147 8

Sendera Ranch Elementary School

  • Education Level: Primary
  • # of students: 599
  • # of teachers: 37
8
GreatSchools Rating

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
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$867
Property Tax -$490
Property Insurance -$128
HOA -$44
Property Management Fees -$99
CASH FLOW
-$17

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.

$235,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.7%
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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,007

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,724

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,610
1$1,6102$1,6253$1,7504$1,7955$1,895
$1,895
RENT COMPS ANALYSIS
  • 1224 Diablo Pass Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.93
    •  
  • 1257 Kachina Lane Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2009
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.98
    •  
  • 1353 Zanna Grace Way Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 2011
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.99
    •  
  • 1332 Zanna Grace Way Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2011
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
  • 1240 Diablo Pass Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2010
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.01
    •  
PROPERTY LISTING DETAILS
Irfan Malik
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469001
Last Updated: 11/13/2020
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