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12413 Maplewood Drive Fort Worth, TX 76244

5 Beds 5 Baths 4,254 sqft Built 2002

INVESTimate

$439,900

List Price

$2,930

$2,680 - $3,180

Rent Est.

$472,585  ( +7.43%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $103.41
  • 6 Days on Market
  • MLS # : 14398077
  • Updated Date : 08/22/2020 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,254 sqft
  • Baths : 4 full , 1 half
Listing Agent

Best Address Real Estate

Listing Agent's Description

LARGE FAMILY HOME. 5 LARGE BEDROOMS, WITH MASSIVE GAME-ROOM, MEDIA ROOM AND THREE LIVING AREAS AND STUDY DOWNSTAIRS. THIS HOME DOES NOT LACK SPACE. FORMAL DINING, EXTRA ROOM THAT CAN BE SITTING ROOM AND THE LARGE LIVING ROOM IS ANCHORED BY THE LIMESTONE FIREPLACE WITH MANTLE !! KITCHEN BOASTS HUGE ISLAND, BAR STOOL SPACE AND ROOM FOR GOOD SIZED TABLE. WOOD FLOORS.THIS SUPER CLEAN HOME IS MOVE IN READY! POOL SIZED BACKYARD! GREAT NEIGHBORHOOD WITH COMMUNITY POOLS, TRAILS AND PARKS. KELLER ISD AND GREAT LOCATION. Buyers and buyers agent to verify schools and square footage.

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
 

$395,910$483,890$439,900

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$1,623
Property Tax -$1,008
Property Insurance -$273
HOA -$45
Property Management Fees -$99
CASH FLOW
-$118

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.

$439,900

PROJECTED PRICE

$2,930

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.43%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$12,973

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $3,176

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,9303$3,2004$3,495
$3,495
RENT COMPS ANALYSIS
  • 12413 Maplewood Drive Fort Worth, TX 2
    • 5 beds 5 baths ∙ 4,254 Sqft ∙ Built 2002 5 beds 5 baths ∙ 4,254 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $0.69
    •  
  • 5525 Smokethorn Drive Fort Worth, TX 1
    • 5 beds 4 baths ∙ 4,222 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,222 Sqft ∙ Built 2004
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.64
    •  
  • 5100 Windstone Drive Fort Worth, TX 3
    • 6 beds 4 baths ∙ 4,152 Sqft ∙ Built 2016 6 beds 4 baths ∙ 4,152 Sqft ∙ Built 2016
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.77
    •  
  • 5124 Windstone Drive Fort Worth, TX 4
    • 6 beds 4 baths ∙ 4,224 Sqft ∙ Built 2016 6 beds 4 baths ∙ 4,224 Sqft ∙ Built 2016
    LEASED 05/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $0.83
    •  
PROPERTY LISTING DETAILS
Natalie Gary
Best Address Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14398077
Last Updated: 08/22/2020
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