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12629 Shady Cedar Drive Fort Worth, TX 76244

5 Beds 3 Baths 3,427 sqft Built 2007

$295,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $86.08
  • 4 Days on Market
  • MLS # : 14477122
  • Updated Date : 11/27/2020 at 19:03
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,427 sqft
  • Baths : 3 full
Listing Agent

United Real Estate Dfw

Listing Agent's Description

This is a lovely home located in a great neighborhood within Keller ISD. Home has a freshly painted exterior plus a recently built 10ftx28ft large covered patio. Owners recently added wood floors in the 1st floor living areas. Tile in kitchen and all wet areas. Professionally cleaned carpets on the 2nd level and all bedrooms. Second level has large gameroom, study nook, huge Master bedroom and bathroom plus 3 bedrooms and a 2nd full bathroom. First level guest bedroom with walk in closet, full bath, 2 living areas, 2 dining areas, WBFP, large kitchen and utility room. Gameroom shelves convey.Refrigerator conveys with an acceptable offer. All information should be verified by buyers and buyers agent

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: Timberland

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Timberland

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
Ridgeview Elementary School Primary Regular 634 42 9
Trinity Springs Middle School Middle Regular 1,061 62 8
Timbercreek High School High Regular 2,957 160 8

Ridgeview Elementary School

  • Education Level: Primary
  • # of students: 634
  • # of teachers: 42
9
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
 

$265,500$324,500$295,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,088
Property Tax -$693
Property Insurance -$225
HOA -$23
Property Management Fees -$99
CASH FLOW
$201

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.

$295,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$33,161

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,322

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,210
1$2,2102$2,3303$2,3354$2,3355$2,500
$2,500
RENT COMPS ANALYSIS
  • 12629 Shady Cedar Drive Fort Worth, TX 2
    • 5 beds 3 baths ∙ 3,427 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,427 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.68
    •  
  • 4673 Prairie Crossing Drive Fort Worth, TX 1
    • 5 beds 3 baths ∙ 3,536 Sqft ∙ Built 2009 5 beds 3 baths ∙ 3,536 Sqft ∙ Built 2009
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.63
    •  
  • 4201 Broken Bend Boulevard Fort Worth, TX 3
    • 5 beds 3 baths ∙ 3,336 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,336 Sqft ∙ Built 2002
    property image
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,335
    • $0.70
    •  
  • 12824 Cedar Hollow Drive Fort Worth, TX 4
    • 5 beds 3 baths ∙ 3,456 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,456 Sqft ∙ Built 2006
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,335
    • $0.68
    •  
  • 12701 Harvest Grove Drive Fort Worth, TX 5
    • 5 beds 3 baths ∙ 3,519 Sqft ∙ Built 2008 5 beds 3 baths ∙ 3,519 Sqft ∙ Built 2008
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.71
    •  
PROPERTY LISTING DETAILS
Lori Watson
United Real Estate Dfw
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477122
Last Updated: 11/27/2020
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