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12724 Oakvale Trail Fort Worth, TX 76244

5 Beds 3 Baths 3,433 sqft Built 2016

$450,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $131.08
  • 3 Days on Market
  • MLS # : 14529538
  • Updated Date : 03/12/2021 at 21:29
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,433 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Stunning four bedroom 3.5 bath home with master & study down in desirable Steadman Farms zoned for Keller ISD. Home features open floorplan with oversized kitchen with granite countertops, ss gas appliances and plenty of storage space that overlooks the large living area with floor to ceiling stone fireplace. Handscraped hardwood floors in main living areas & decorative lighting throughout. Awesome oversized laundry room with extra storage space makes doing laundry a breeze! Upstairs features a large gameroom with a balcony, media room and remaining 3 bedrooms and two full baths. Large backyard has extended covered patio is perfect for entertaining! Freshly painted and move in ready for the new owners to enjoy!

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

Zip Code: 76244

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Zip Code: 76244

ZipNIR 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
Woodland Springs Elementary School Primary Regular 526 38 6
Timbercreek High School High Regular 2,957 160 8
Timbercreek High School High Unknown NA

Woodland Springs Elementary School

  • Education Level: Primary
  • # of students: 526
  • # of teachers: 38
6
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students: 2,957
  • # of teachers: 160
8
GreatSchools Rating

Timbercreek High School

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

$405,000$495,000$450,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,563
Property Tax -$1,032
Property Insurance -$226
HOA -$48
Property Management Fees -$99
CASH FLOW
-$607

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.

$450,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.0%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$22

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,506

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,3353$2,3604$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 12724 Oakvale Trail Fort Worth, TX 3
    • 5 beds 3 baths ∙ 3,433 Sqft ∙ Built 2016 5 beds 3 baths ∙ 3,433 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.69
    •  
  • 13228 Settlers Trail Fort Worth, TX 1
    • 4 beds 3 baths ∙ 3,297 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,297 Sqft ∙ Built 2005
    property image
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.70
    •  
  • 12824 Cedar Hollow Drive Fort Worth, TX 2
    • 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 4
    • 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
    •  
  • 3625 Homestretch Court Fort Worth, TX 5
    • 4 beds 3 baths ∙ 3,235 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,235 Sqft ∙ Built 2007
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.83
    •  
PROPERTY LISTING DETAILS
Rena Connors
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14529538
Last Updated: 03/12/2021
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