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12733 Mourning Dove Lane Fort Worth, TX 76244

4 Beds 3 Baths 2,586 sqft Built 2008

$265,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $102.47
  • 2 Days on Market
  • MLS # : 14496171
  • Updated Date : 01/08/2021 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,586 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Mike Bowman, Inc.

Listing Agent's Description

Fabulous floorplan with master on main! This one-owner 4bed, 2.5 bath home with formal dining and huge game room is located across from greenbelt on corner lot in sought after Keller ISD. Huge master down with dual sinks, separate tub-shower & walk in closet you're sure to love! Kitchen boasts newer stainless appliances and natural lighting in breakfast nook with view of wood burning fireplace. Upstairs you'll find 3 spacious bedrooms, game room and bath. All electric, energy efficient with radiant barrier. Roof 1yr, water heater 6mo, HVAC 4-5yrs. Located between 170 and 377, Trophy Club, Westlake, Tanger Outlet Mall, there's no shortage of things to do in this popular area. Put this one on your list!

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: 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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$920
Property Tax -$607
Property Insurance -$177
HOA -$26
Property Management Fees -$99
CASH FLOW
$140

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.

$265,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.74%

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

PROJECTED ANNUAL CASH FLOW

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

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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$21,713

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,965

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$1,9704$1,9955$2,125
$2,125
RENT COMPS ANALYSIS
  • 12733 Mourning Dove Lane Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,586 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,586 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.76
    •  
  • 12608 Mourning Dove Lane Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2007
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.72
    •  
  • 13049 Fencerow Road Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,546 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,546 Sqft ∙ Built 2006
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.74
    •  
  • 4617 Pangolin Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,573 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,573 Sqft ∙ Built 2007
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.78
    •  
  • 12924 Cedar Hollow Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2006
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.80
    •  
PROPERTY LISTING DETAILS
Denise Batdorf
Century 21 Mike Bowman, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496171
Last Updated: 01/08/2021
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