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13200 Fiddlers Trail Fort Worth, TX 76244

4 Beds 4 Baths 2,591 sqft Built 2006

$276,500

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $106.72
  • 3 Days on Market
  • MLS # : 14481331
  • Updated Date : 12/04/2020 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,591 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Spacious single owner corner lot in Keller ISD! This house features the master bedroom on the lower level with walk-in closet, jetted tub and a separate shower. A beautiful kitchen includes tall cabinets for extra storage, stunning granite countertops, plus a sitting area in breakfast nook. Large laundry room and additional powder room downstairs. Three additional bedrooms located upstairs share 2 full bathrooms and all have access to a large playroom with an office nook. Covered patio in backyard, lots of storage space, large closets in all bedrooms, sprinkler system and 2 car garage.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Rolling Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Rolling Meadows

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
Ridgeview Elementary School Primary Regular 634 42 9
Trinity Springs Middle School Middle Regular 1,061 62 8
Timbercreek High School High Regular 2,957 160 8

Ridgeview Elementary School

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

$248,850$304,150$276,500

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,020
Property Tax -$634
Property Insurance -$177
HOA -$27
Property Management Fees -$99
CASH FLOW
-$57

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.

$276,500

PROJECTED PRICE

$1,900

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.3%
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$79,023

INVESTMENT

$79,023

Down Payment
$69,125
Rehab Estimate
$5,750
Closing Costs
$4,148

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,020

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,125
Loan Amount $207,375
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$9,526

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,118

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9003$2,0994$2,1955$2,199
$2,199
RENT COMPS ANALYSIS
  • 13200 Fiddlers Trail Fort Worth, TX 2
    • 4 beds 4 baths ∙ 2,591 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,591 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.73
    •  
  • 4517 Grassy Glen Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2005
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.79
    •  
  • 13128 Larks View Point Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 2011
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $0.84
    •  
  • 13152 Palancar Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,637 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,637 Sqft ∙ Built 2014
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.83
    •  
  • 4525 Sleepy Meadows Drive Fort Worth, TX 5
    • 5 beds 3 baths ∙ 2,716 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,716 Sqft ∙ Built 2007
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $0.81
    •  
PROPERTY LISTING DETAILS
Ana Cavazos
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481331
Last Updated: 12/04/2020
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