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12312 Angel Food Lane Fort Worth, TX 76244

4 Beds 3 Baths 3,041 sqft Built 2005

$350,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $115.09
  • 3 Days on Market
  • MLS # : 14522066
  • Updated Date : 02/26/2021 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,041 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Enjoy a spacious home in desirable Village of Woodland Springs community. So many upgrades and pristine condition. From the moment you walk in you’ll see beautiful, hand scraped hardwood floors and natural light shining in through the floor to ceiling windows on the opposite side of the home. Master bedroom down, 2nd master suite upstairs with a full bath and two storage closets, could also be used as a game room. Downstairs there are 2 additional bedrooms with a full bath, 2 living areas, 2 dining areas and an office. Floor plan is incredibly flexible and allows up to two offices. With no backyard neighbors, relax while looking at the longhorns graze right behind you from the extended patio area!

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
Independence Elementary School Primary Regular 458 33 6
Timbercreek High School High Regular 2,957 160 8
Independence Elementary School Primary Unknown NA

Independence Elementary School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 33
6
GreatSchools Rating

Timbercreek High School

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

Independence Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,216
Property Tax -$802
Property Insurance -$203
HOA -$50
Property Management Fees -$99
CASH FLOW
-$200

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.

$350,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.62%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,073

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,304

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,1704$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 12312 Angel Food Lane Fort Worth, TX 3
    • 4 beds 3 baths ∙ 3,041 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,041 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.71
    •  
  • 12036 Vienna Apple Road Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 2004
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.68
    •  
  • 12516 Autumn Leaves Trail Fort Worth, TX 2
    • 4 beds 4 baths ∙ 2,911 Sqft ∙ Built 2010 4 beds 4 baths ∙ 2,911 Sqft ∙ Built 2010
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.72
    •  
  • 11909 Vienna Apple Road Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,842 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,842 Sqft ∙ Built 2006
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.81
    •  
  • 3312 Lone Brave Drive Fort Worth, TX 5
    • 4 beds 4 baths ∙ 2,912 Sqft ∙ Built 2009 4 beds 4 baths ∙ 2,912 Sqft ∙ Built 2009
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.82
    •  
PROPERTY LISTING DETAILS
Carina Smith
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522066
Last Updated: 02/26/2021
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