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13233 Alyssum Drive Fort Worth, TX 76244

4 Beds 3 Baths 2,660 sqft Built 2006

$299,900

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $112.74
  • 2 Days on Market
  • MLS # : 14474879
  • Updated Date : 12/04/2020 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,660 sqft
  • Baths : 2 full , 1 half
Listing Agent

All City Real Estate, Ltd. Co

Listing Agent's Description

This home is beautifully renovated! NEW interior paint! NEW laminate flrs throughout the 1st flr! NEW granite counters & backsplash! NEWLY painted cabinets! This 4 bed, 2.5 bath, 2 car garage home is truly move in ready! The master bed on the 1st flr has a great view to the back yard. NEW carpet in all bedrms & the HUGE 2nd flr game room. The kitchen has plenty of counter space for cooking & an awesome island for entertaining! 3 beds, a game room, & a full bath make the 2nd flr perfect for that large family. Large walk in closets in all the bedrooms add plenty of storage. The back yard is very large with plenty of room to play, entertain, or just relax. Schedule an appointment today to see this wonderful home.

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
 

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

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 -$687
Property Insurance -$181
HOA -$29
Property Management Fees -$99
CASH FLOW
-$103

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

$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$85,224

INVESTMENT

$85,224

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

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 $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$7,684

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
  • $2,214

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0993$2,1504$2,1955$2,199
$2,199
RENT COMPS ANALYSIS
  • 13233 Alyssum Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.75
    •  
  • 13128 Larks View Point Fort Worth, TX 2
    • 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
    •  
  • 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
Don Hawkins
All City Real Estate, Ltd. Co
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474879
Last Updated: 12/04/2020
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