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13133 Fencerow Road Fort Worth, TX 76244

4 Beds 2 Baths 2,134 sqft Built 2004

$299,900

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $140.53
  • 4 Days on Market
  • MLS # : 14490751
  • Updated Date : 12/31/2020 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,134 sqft
  • Baths : 2 full
Listing Agent

Clayton & Clayton

Listing Agent's Description

Designer home, kept to perfection & updated to meet any HD TV expectations! Gorgeous wood inspired floors greet your arrival, leading past french door'd study, previously used as a 4th bedroom, and formal dining room, to inviting family room which opens across spacious breakfast bar-work island to gourmet kitchen w-SS appliances perfect for the family chef! Oversized master suite with walk in closet and gorgeous vanity. The additional bedrooms and common area are perfect for your growing family! Covered patio is great for those Texas summer nights. 13133 Fencerow will capture your heart and imagination, do not wait, book your appointment today! (best use of home is 3 bedroom and office)

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: Harvest Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Harvest Ridge

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
Trinity Meadows Intermediate School Primary Regular 988 58 7
Trinity Springs Middle School Middle Regular 1,061 62 8
Timbercreek High School High Regular 2,957 160 8

Trinity Meadows Intermediate School

  • Education Level: Primary
  • # of students: 988
  • # of teachers: 58
7
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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,107
Property Tax -$687
Property Insurance -$151
HOA -$33
Property Management Fees -$99
CASH FLOW
-$266

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.

$299,900

PROJECTED PRICE

$1,810

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.2%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$1,233

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,841

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8103$1,8454$1,8955$2,045
$2,045
RENT COMPS ANALYSIS
  • 13133 Fencerow Road Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.85
    •  
  • 13232 Settlers Trail Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,064 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,064 Sqft ∙ Built 2004
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.85
    •  
  • 13129 Padre Avenue Fort Worth, TX 3
    • 3 beds 2 baths ∙ 2,183 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,183 Sqft ∙ Built 2005
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.85
    •  
  • 13149 Fencerow Road Fort Worth, TX 4
    • 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 2005
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.85
    •  
  • 13049 Berrywood Trail Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 2002
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.90
    •  
PROPERTY LISTING DETAILS
Robert Clayton
Clayton & Clayton
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490751
Last Updated: 12/31/2020
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