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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rolling Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,023
LOAN DETAILS
$1,020
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,125 |
| Loan Amount | $207,375 |
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
-
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
Keller Williams Realty Dpr
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14481331
Last Updated: 12/04/2020
