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1324 Fallow Deer Drive Fort Worth, TX 76028

4 Beds 3 Baths 2,080 sqft Built 2006

$270,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $129.81
  • 3 Days on Market
  • MLS # : 14532364
  • Updated Date : 03/12/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,080 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Ftworth

Listing Agent's Description

BEST HOMESITE IN THE SUBDIVISION with Greenbelt adjacent & behind!!!! ALL NEW ...Luxury Vinyl Plank & Ceramic Floors, Carpet in Bedrooms, Paint throughout, Kitchen Granite, Stainless Steel Appliances, Custom Master Shower with Bench, even Toilets. Other Features: Butler's Pantry, Walk-in Pantry, Laundry Room Farmer's Sink & Cabinetry, Master Bath Double Sinks, Garden Tub, Bay Window, Rounded Corners & Archways, 4th Bedroom in Front would also be great Office or In-law Guarters next to Half Bath, Living, Kitchen & Master Bedroom overlook the amazing tree view, Covered Patio for those Hot Texas Days!! Located 5 minutes from 35W & 1187 interchange, close to shopping, hospitals, dining, sports parks and more!!!

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: Deer Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k258k

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

Neighborhood: Deer Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Brock Elementary School Primary Regular 658 38 5
Centennial High School High Unknown NA

Brock Elementary School

  • Education Level: Primary
  • # of students: 658
  • # of teachers: 38
5
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$938
Property Tax -$619
Property Insurance -$147
HOA -$14
Property Management Fees -$99
CASH FLOW
-$37

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.

$270,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$8,056

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,825

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7503$1,7804$1,7955$1,945
$1,945
RENT COMPS ANALYSIS
  • 1324 Fallow Deer Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.86
    •  
  • 1229 Nelson Place Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,026 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,026 Sqft ∙ Built 1993
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 12204 Rolling Ridge Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 2002
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
  • 1308 Doe Meadow Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 2007
    LEASED 02/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.90
    •  
  • 1300 Brownford Drive Fort Worth, TX 5
    • 5 beds 2 baths ∙ 2,215 Sqft ∙ Built 2006 5 beds 2 baths ∙ 2,215 Sqft ∙ Built 2006
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.88
    •  
PROPERTY LISTING DETAILS
Lynne Arnold
Keller Williams Realty Ftworth
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532364
Last Updated: 03/12/2021
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