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12724 Elm Springs Trail Fort Worth, TX 76052

4 Beds 3 Baths 2,809 sqft Built 2021

$507,995

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $180.85
  • 6 Days on Market
  • MLS # : 14479199
  • Updated Date : 12/01/2020 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,809 sqft
  • Baths : 3 full
Listing Agent

Ultima Real Estate

Listing Agent's Description

February 2021 Move-In! NW-ISD Schools! Home is Sheetrocked and at mechanical stage. Beautiful 1 story home with 4 bedrooms, 2 full baths and flex room. Home also has a nice covered back patio, with a gas stub. Very open Floorplan (Palo Verde A Elevation) large island and kitchen with double ovens. This home has 3 car garage and is also the most popular plan we have .

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Zip Code: 76052

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 76052

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$457,196$558,795$507,995

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,874
Property Tax -$1,165
Property Insurance -$190
HOA -$44
Property Management Fees -$99
CASH FLOW
-$871

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$507,995

PROJECTED PRICE

$2,500

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 3.00%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,619

INVESTMENT

$136,619

Down Payment
$126,999
Rehab Estimate
$2,000
Closing Costs
$7,620

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $126,999
Loan Amount $380,996
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$8

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,519

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,5003$2,5004$2,695
$2,695
RENT COMPS ANALYSIS
  • 12724 Elm Springs Trail Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.89
    •  
  • 1820 Lavin Plaza Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,509 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,509 Sqft ∙ Built 2019
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.90
    •  
  • 14004 Saddlesoap Court Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,817 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,817 Sqft ∙ Built 2011
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.89
    •  
  • 1140 Bridle Latch Drive Fort Worth, TX 4
    • 5 beds 4 baths ∙ 3,005 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,005 Sqft ∙ Built 2006
    LEASED 06/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.90
    •  
PROPERTY LISTING DETAILS
Mey-ling Pauri
Ultima Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14479199
Last Updated: 12/01/2020
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