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12416 Lonesome Pine Place Fort Worth, TX 76244

3 Beds 2 Baths 1,976 sqft Built 2010

$269,900

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2010
  • Price/Sqft : $136.59
  • 4 Days on Market
  • MLS # : 14451778
  • Updated Date : 11/06/2020 at 18:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,976 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

MULTIPLE OFFERS...please submit your highest offer by 5:00 pm Saturday, November 7. This stunning 3 bedroom 2 bath home with bonus room is in the highly sought after Villages of Woodland Springs and feeds into Keller ISD! From the moment you walk into this lovely home, you will be impressed with the hardwood floors you find throughout! Wet areas feature serviceable ceramic tile. The lovely kitchen features SS appliances and granite counters; truly a chef's dream. The well placed wood burning fireplace is a focal point of the open living space and will bring much ambiance to your home! Updated SS refrigerator and washer-dryer will convey with the home! This home is a MUST SEE!

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

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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$996
Property Tax -$619
Property Insurance -$141
HOA -$45
Property Management Fees -$99
CASH FLOW
$10

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.

$269,900

PROJECTED PRICE

$1,910

PROJECTED RENT

0.71%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$14,442

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,902

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8253$1,8904$1,9105$2,050
$2,050
RENT COMPS ANALYSIS
  • 12416 Lonesome Pine Place Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,976 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,976 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.97
    •  
  • 4600 Golden Yarrow Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 2006
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
  • 2745 Bretton Wood Drive Fort Worth, TX 2
    • 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2010
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.92
    •  
  • 12424 Lonesome Pine Place Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2012
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.01
    •  
  • 12408 Lonesome Pine Place Fort Worth, TX 5
    • 3 beds 2 baths ∙ 2,062 Sqft ∙ Built 2010 3 beds 2 baths ∙ 2,062 Sqft ∙ Built 2010
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.99
    •  
PROPERTY LISTING DETAILS
Jan Bawanan
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14451778
Last Updated: 11/06/2020
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