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12416 Grey Twig Drive Fort Worth, TX 76244

4 Beds 3 Baths 3,053 sqft Built 2006

$329,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $107.76
  • 2 Days on Market
  • MLS # : 14496701
  • Updated Date : 02/06/2021 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,053 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty Plano

Listing Agent's Description

Amazing floorplan perfect for entertaining, just walking distance from Caprock elementary and Timbercreek HS, in the highly sought after Keller ISD!! Featuring high ceilings, Mahogany Harwood floors, painted w neutral colors that work beautifully with any decor & an abundance of windows that fill the home with natural sunlight. The kitchen boasts elegance w granite countertops, 42 inches cabinets, a gas cooktop, and lots of storage. Breakfast Area Opens to the Family Room w Fireplace and views of the backyard. Split first-floor master suite with spacious bath that offers a great escape from busy family life, double sinks, separate shower, and generously-sized walk-in closet. Fantastic community. A TRUE GEM!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

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
Kay Granger Elementary School Primary Regular 900 55 9
John M. Tidwell Middle School Middle Regular 1,048 65 8
Timbercreek High School High Unknown NA

Kay Granger Elementary School

  • Education Level: Primary
  • # of students: 900
  • # of teachers: 55
9
GreatSchools Rating

John M. Tidwell Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 65
8
GreatSchools Rating

Timbercreek High School

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

$296,100$361,900$329,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,143
Property Tax -$754
Property Insurance -$204
HOA -$50
Property Management Fees -$99
CASH FLOW
$151

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.

$329,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.73%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$24,915

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,420

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3003$2,3504$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 12416 Grey Twig Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 3,053 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,053 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.79
    •  
  • 12480 Leaflet Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,921 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,921 Sqft ∙ Built 2006
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
  • 12417 Leaflet Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 3,051 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,051 Sqft ∙ Built 2007
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.75
    •  
  • 3316 Lone Tree Lane Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,916 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,916 Sqft ∙ Built 2012
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.81
    •  
  • 3312 Lone Brave Drive Fort Worth, TX 4
    • 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
Elizabeth Castro
Coldwell Banker Realty Plano
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496701
Last Updated: 02/06/2021
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