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12520 Viewpoint Lane Fort Worth, TX 76028

5 Beds 4 Baths 3,092 sqft Built 2005

$299,999

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $97.02
  • 7 Days on Market
  • MLS # : 14485848
  • Updated Date : 12/14/2020 at 13:28
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,092 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams-johnson County

Listing Agent's Description

Beautiful 5 Bedroom, 3.5 Bath, 2 Car Garage Home in Highpoint Hill! Property Features: Fantastic Floor Plan with Large Open Concept Living, Dining Areas. Huge Island Kitchen, Downstairs Study, Downstairs Master Bedroom, Half Bath, Formal Dining, Breakfast Room. Upstairs with 4 Guest Bedrooms, 2 Full Baths, and Game Room. Beautiful Wood Floors Throughout Living Areas. Island Kitchen with Pantry, Stainless Appliances, Tile Back Splash. Spacious Living Area with Wood Burning Fireplace. Large Master Suite with Dual Sinks, Garden Tub, Separate Shower and Walk In Closet. Utility with Built In Cabinets. Covered Back Patio, Sprinkler System & Mature Trees. Immaculate! A Must See!

SEE MORE

MARKET HIGHLIGHTS

  • # 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

Neighborhood: Highpoint Hill

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k281k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Highpoint Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21150120012501300135014001450150015501600165017001750Rent in $11261753

* 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
Judy Hajek Elementary School Primary Regular 547 35 6
Hughes Middle School Middle Regular 1,200 71 5
Burleson High School High Regular 1,583 101 7

Judy Hajek Elementary School

  • Education Level: Primary
  • # of students: 547
  • # of teachers: 35
6
GreatSchools Rating

Hughes Middle School

  • Education Level: Middle
  • # of students: 1,200
  • # of teachers: 71
5
GreatSchools Rating

Burleson High School

  • Education Level: High
  • # of students: 1,583
  • # of teachers: 101
7
GreatSchools Rating
 

$269,999$329,999$299,999

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,107
Property Tax -$688
Property Insurance -$206
HOA -$18
Property Management Fees -$99
CASH FLOW
-$138

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$299,999

PROJECTED PRICE

$1,980

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $224,999
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,659

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $2,048

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7953$1,9804$1,9955$2,050
$2,050
RENT COMPS ANALYSIS
  • 12520 Viewpoint Lane Fort Worth, TX 3
    • 5 beds 3 baths ∙ 3,092 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,092 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.64
    •  
  • 11240 Whispering Brook Lane Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 2012
    property image
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.64
    •  
  • 301 Centennial Place Crowley, TX 2
    • 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2002
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.62
    •  
  • 12529 Patnoe Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,815 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,815 Sqft ∙ Built 2006
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.71
    •  
  • 12528 Panorama Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 3,028 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,028 Sqft ∙ Built 2007
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.68
    •  
PROPERTY LISTING DETAILS
Cynthia Buck
Keller Williams-johnson County
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485848
Last Updated: 12/14/2020
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