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

1304 Ropers Way Fort Worth, TX 76052

4 Beds 2 Baths 1,803 sqft Built 2005

$245,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $135.88
  • 3 Days on Market
  • MLS # : 14527084
  • Updated Date : 03/06/2021 at 12:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,803 sqft
  • Baths : 2 full
Listing Agent

League Real Estate

Listing Agent's Description

Welcome home to this lovely one story home nestled in a tight-knit cul-de-sac in the Sendera Ranch subdivision. This home has a spacious open floor plan with 4 bedrooms and 2 bathrooms. The updated kitchen features quartz countertops, backsplash, SS appliances, gas cook top, plenty of counter space and a breakfast bar that overlooks the living room and wood burning fireplace. Oversized master bedroom with a bath that offers a walk in closet, dual sinks, garden tub & separate shower. This neighborhood offers three pools, a splash park, fishing ponds, sports courts, playground, biking trails and is located close to shopping, schools, and major roads for an easy commute. Walking distance to Wilson Middle School.

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

Neighborhood: Sendera Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $100k336k

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

Neighborhood: Sendera Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Truett Wilson Middle School Middle Unknown 844 58 NA
Byron Nelson High School High Regular 2,552 147 8
Byron Nelson High School High Unknown NA

Truett Wilson Middle School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 58
NA
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating

Byron Nelson High School

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

$220,500$269,500$245,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$851
Property Tax -$562
Property Insurance -$131
HOA -$46
Property Management Fees -$99
CASH FLOW
$11

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.

$245,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.7%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$10,504

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,681

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6253$1,6954$1,7005$1,835
$1,835
RENT COMPS ANALYSIS
  • 1304 Ropers Way Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.94
    •  
  • 1304 Barrel Run Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,664 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,664 Sqft ∙ Built 2006
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.90
    •  
  • 1308 Ropers Way Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2005
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.96
    •  
  • 1181 Kachina Lane Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,816 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,816 Sqft ∙ Built 2006
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.93
    •  
  • 14048 Tanglebrush Trail Fort Worth, TX 5
    • 4 beds 2 baths ∙ 1,946 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,946 Sqft ∙ Built 2008
    LEASED 01/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.94
    •  
PROPERTY LISTING DETAILS
Lauren Bates
League Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14527084
Last Updated: 03/06/2021
BESbswy