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12736 Elm Springs Trail Fort Worth, TX 76052

4 Beds 3 Baths 2,684 sqft Built 2021

$521,974

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $194.48
  • 7 Days on Market
  • MLS # : 14497958
  • Updated Date : 01/11/2021 at 14:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,684 sqft
  • Baths : 3 full
Listing Agent

Ultima Real Estate

Listing Agent's Description

Pecos - D floor plan. Under construction new home in Spring Ranch Estates. Estimated move in, April 2021. Great floor plan for any family with 4 bedrooms and a large flex room. Open concept kitchen, family room set up with a large nook just off the kitchen. Perfect for family dinners or entertaining. Enjoy the lovely community on your covered back patio. Luxury vinyl plank floors, free standing master bath tub, walk in shower, granite counter tops in the kitchen and much, much more. Great neighborhood and NW ISD Schools!

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

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.
 

$469,777$574,171$521,974

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,813
Property Tax -$1,197
Property Insurance -$182
HOA -$52
Property Management Fees -$99
CASH FLOW
-$1,343

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.

$521,974

PROJECTED PRICE

$2,000

PROJECTED RENT

0.38%

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-$20k-$15k-$10k-$5.0k$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$140,323

INVESTMENT

$140,323

Down Payment
$130,494
Rehab Estimate
$2,000
Closing Costs
$7,830

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,813

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $130,494
Loan Amount $391,481
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$2,757

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,342

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,1004$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 12736 Elm Springs Trail Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.75
    •  
  • 14468 Cloudview Way Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,351 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,351 Sqft ∙ Built 2019
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
  • 11432 Dorado Vista Trail Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2017
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 1820 Lavin Plaza Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,509 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,509 Sqft ∙ Built 2019
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.90
    •  
  • 924 Basket Willow Terrace Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,740 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,740 Sqft ∙ Built 2018
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.84
    •  
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 #: 14497958
Last Updated: 01/11/2021
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