Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12848 Old Macgregor Lane Fort Worth, TX 76244

4 Beds 3 Baths 2,994 sqft Built 2006

$295,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $98.53
  • 4 Days on Market
  • MLS # : 14462754
  • Updated Date : 10/31/2020 at 22:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,994 sqft
  • Baths : 2 full , 1 half
Listing Agent

Newstream Realty

Listing Agent's Description

PRICED TO SELL! What an awesome opportunity to buy this spacious family home below market value in NWISD. Master bedroom downstairs with huge walk in closet and 3 secondary oversized bedrooms with WIC and game room with built in study on second floor. Hardwood floor in formal dining, living and game room, newer carpet in bedrooms. Recent paint. Kitchen has new SS dishwasher and built in microwave. Open floor plan with abundance of light. New AC unit and roof installed in 2019. Covered front porch with storm door at entrance and extended open patio in back yard. Subdivision features a community pool, playgrounds, parks and catch & release pond. Conveniently located close to shopping and major roadways.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: McPherson Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: McPherson Ranch

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
Kay Granger Elementary School Primary Regular 900 55 9
John M. Tidwell Middle School Middle Regular 1,048 65 8

Kay Granger Elementary School

  • Education Level: Primary
  • # of students: 900
  • # of teachers: 55
9
GreatSchools Rating

John M. Tidwell Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 65
8
GreatSchools Rating
 

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

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,088
Property Tax -$731
Property Insurance -$200
HOA -$34
Property Management Fees -$99
CASH FLOW
-$22

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

$2,130

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.6%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

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 60% 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

3.67

YEARS SAVED

$12,263

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,231

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1303$2,2004$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 12848 Old Macgregor Lane Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,994 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,994 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.71
    •  
  • 13001 Berrywood Trail Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,818 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,818 Sqft ∙ Built 2004
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.71
    •  
  • 4117 Ellenboro Lane Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,994 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,994 Sqft ∙ Built 2006
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.73
    •  
  • 4161 Capstone Fort Worth, TX 4
    • 4 beds 3 baths ∙ 3,017 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,017 Sqft ∙ Built 2002
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.76
    •  
  • 4305 Oak Chase Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 3,190 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,190 Sqft ∙ Built 2015
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.78
    •  
PROPERTY LISTING DETAILS
Gabi Darvas
Newstream Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462754
Last Updated: 10/31/2020
BESbswy