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13201 Poppy Hill Lane Fort Worth, TX 76244

4 Beds 3 Baths 2,677 sqft Built 2006

$300,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $112.07
  • 1 Days on Market
  • MLS # : 14474264
  • Updated Date : 11/21/2020 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,677 sqft
  • Baths : 2 full , 1 half
Listing Agent

Texas Dfw Homes

Listing Agent's Description

BEAUTIFUL and very well take care for 4 bedroom 2 and a half bath home in Keller ISD! The kitchen is the center of the home and overlooks living area, perfect for entertaining family and friends. The master suite is conveniently located downstairs. Big back yard, on a quiet Cu De Sac. 3 bedrooms upstairs with a very nice game room. A must see

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: 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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,107
Property Tax -$688
Property Insurance -$182
HOA -$29
Property Management Fees -$99
CASH FLOW
-$105

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.

$300,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.67%

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$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% 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 $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$7,575

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,155

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,1504$2,1955$2,199
$2,199
RENT COMPS ANALYSIS
  • 13201 Poppy Hill Lane Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.75
    •  
  • 4536 Sleepy Meadows Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2007
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.73
    •  
  • 13245 Palancar Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2014
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.85
    •  
  • 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
Isabelita Hawkins
Texas Dfw Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474264
Last Updated: 11/21/2020
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