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12857 Palancar Drive Fort Worth, TX 76244

4 Beds 3 Baths 2,260 sqft Built 2017

$330,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $146.02
  • 2 Days on Market
  • MLS # : 14537017
  • Updated Date : 03/20/2021 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,260 sqft
  • Baths : 3 full
Listing Agent

Dfw Urban Realty, Llc

Listing Agent's Description

Beautiful 4bed,3baths, office,located in desirable KELLER ISD with open concept living w Tray Ceiling & Fireplace,dining & kitchen,custom cabinets,SS appliances,and granite counter-tops in kitchen.The Master bedroom on first floor has Tray Ceiling, a separate shower, garden tub and nice size closet. Great media room or a second master suite 2nd floor. This home is in a friendly neighborhood and a great environment to raise your children. Easy access to major highways,grocery stores, schools & entertainment. Don't miss out on this awesome, well-maintained home!More pics soon All measurements and information are deemed accurate but not guaranteed. Buyers & Buyers' agents are responsible for verifying all info.

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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*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Zip Code: 76244

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262706

* 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
Timbercreek High School High Regular 2,957 160 8
Ridgeview Elementary School Primary Unknown NA

Ridgeview Elementary School

  • Education Level: Primary
  • # of students: 634
  • # of teachers: 42
9
GreatSchools Rating

Timbercreek High School

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

Ridgeview Elementary School

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

$297,000$363,000$330,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,146
Property Tax -$756
Property Insurance -$158
HOA -$29
Property Management Fees -$99
CASH FLOW
-$139

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.

$330,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.62%

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

PROJECTED ANNUAL CASH FLOW

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

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,250

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,780

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6253$1,7504$1,7995$2,050
$2,050
RENT COMPS ANALYSIS
  • 12857 Palancar Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.91
    •  
  • 12832 Cedar Hollow Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2006
    property image
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.77
    •  
  • 4528 Hounds Tail Lane Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,073 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,073 Sqft ∙ Built 2006
    property image
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.78
    •  
  • 4541 Martingale View Lane Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2006
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 4545 Martingale View Lane Fort Worth, TX 4
    • 3 beds 3 baths ∙ 2,360 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,360 Sqft ∙ Built 2006
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.76
    •  
PROPERTY LISTING DETAILS
Joana Sweney
Dfw Urban Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14537017
Last Updated: 03/20/2021
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