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1316 Fiddleneck Street Fort Worth, TX 76177

5 Beds 4 Baths 3,565 sqft Built 2014

$455,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $127.63
  • 2 Days on Market
  • MLS # : 14509737
  • Updated Date : 01/30/2021 at 19:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,565 sqft
  • Baths : 3 full , 1 half
Listing Agent

R Campbell Realty Llc

Listing Agent's Description

Modern 5 bedroom, 3.5 baths with too many upgrades to list. Three car garage and three parking spots. Media movie room, dining room, office, breakfast area, as well as a gourmet kitchen with stainless steel appliances: double oven, microwave, gas stove and dishwasher matching fridge, & washer dryer negotiable. Beautiful stone fireplace.. Smart ready home with LAN Ethernet to every room excellent for home business & schooling, as well as surround sound for living and media rooms. Large back yard has ample room for a pool, already plumbed for a gas kitchen and all fences just stained. Alarm security and video security systems. LED energy saving lighting throughout.

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: Presidio West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k358k

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

Neighborhood: Presidio West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192191

* 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
O.a. Peterson Elementary School Primary Regular 770 48 6
John M. Tidwell Middle School Middle Regular 1,048 65 8
Byron Nelson High School High Regular 2,552 147 8

O.a. Peterson Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 48
6
GreatSchools Rating

John M. Tidwell Middle School

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

Byron Nelson High School

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

$409,500$500,500$455,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,580
Property Tax -$1,043
Property Insurance -$233
HOA -$28
Property Management Fees -$99
CASH FLOW
-$633

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.

$455,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.8%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$126,325

INVESTMENT

$126,325

Down Payment
$113,750
Rehab Estimate
$5,750
Closing Costs
$6,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,580

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $113,750
Loan Amount $341,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$18

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $2,602

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,5003$2,6504$2,7005$2,895
$2,895
RENT COMPS ANALYSIS
  • 1316 Fiddleneck Street Fort Worth, TX 1
    • 5 beds 4 baths ∙ 3,565 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,565 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.66
    •  
  • 2229 Clairborne Drive Fort Worth, TX 2
    • 5 beds 4 baths ∙ 3,699 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,699 Sqft ∙ Built 2006
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.68
    •  
  • 1320 Sand Verbena Way Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,449 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,449 Sqft ∙ Built 2011
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.77
    •  
  • 9861 Yellow Cup Drive Fort Worth, TX 4
    • 5 beds 4 baths ∙ 3,871 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,871 Sqft ∙ Built 2016
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.70
    •  
  • 9505 Cholla Cactus Trail Fort Worth, TX 5
    • 5 beds 3 baths ∙ 3,752 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,752 Sqft ∙ Built 2007
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.77
    •  
PROPERTY LISTING DETAILS
Rejeani Campbell
R Campbell Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509737
Last Updated: 01/30/2021
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