Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $164.58
- 5 Days on Market
- MLS # : 14495469
- Updated Date : 01/06/2021 at 16:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,883 sqft
- Baths : 2 full
Listing Agent
Key Trek-cc
Listing Agent's Description
The charming master-planned community Wellington Villas in Haslet is built by K. Hovnanian Homes. The amenity center, pool, park, and trails will provide hours of enjoyment. This charming one-story villa features a great room with a sloped ceiling open to the kitchen. This design is great for families with a split bedroom arrangement. Gorgeous kitchen with granite counters, corner pantry, serving island and stainless GE® appliances. Enjoy relaxing owner’s suite with expansive closet. Luxury bath features an oversized shower and separate tub. Convenient laundry room at garage entrance. Brilliant smart home with built-in Alexa, Ring doorbell, Ecobee wifi Thermostat. $31,900 in upgrades included.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Zip Code: 76052
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76052
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,050 |
| EXPENSES | Loan Payment | -$1,076 |
| Property Tax | -$741 | |
| Property Insurance | -$136 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$55
|
||
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.
$309,900
PROJECTED PRICE
$2,050
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.5% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.93% |
| 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
$84,124
LOAN DETAILS
$1,076
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,475 |
| Loan Amount | $232,425 |
3.33
YEARS SAVED
$8,692
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,050
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$1,798
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
12321 Penson Street Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,883 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,883 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $2,050
- $1.09
-
1108 Crest Meadow Drive Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2012
![property image]()
LEASED 08/14/19- Rent
- Rent Per SQFT
- $1,600
- $0.98
-
1164 Crest Meadow Drive Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 2010
![property image]()
LEASED 07/12/19- Rent
- Rent Per SQFT
- $1,825
- $0.92
-
13200 Austin Stone Drive Fort Worth, TX 3
- 4 beds 2 baths ∙ 2,037 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,037 Sqft ∙ Built 2005
![property image]()
LEASED 08/16/19- Rent
- Rent Per SQFT
- $1,895
- $0.93
-
1120 Crest Meadow Drive Fort Worth, TX 4
- 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 2013
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,995
- $0.99
PROPERTY LISTING DETAILS
Key Trek-cc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14495469
Last Updated: 01/06/2021
