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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $112.27
- 3 Days on Market
- MLS # : 14492909
- Updated Date : 01/02/2021 at 20:33
CONSTRUCTION
- Beds : 3
- Floor Size : 2,405 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
MULTIPLE OFFERS RECEIVED - Best & Final Offers by Sun 1.2.2021 Welcome home to 1325 Pheasant Run Trail! Lovely one owner, single story home w open floor plan featuring 3 beds, 2 baths, 2 dining, & office (could be playroom or 4th bedroom). Eat in kitchen offers granite countertops, stainless steel appliances, gas cooktop & oven, walk in pantry & opens to oversized living w laminate wood floors & brick fireplace. Spacious owner’s suite w BONUS 11x10 living area & spa like bathroom – dual sinks, garden tub, separate shower, walk in closet. Outdoor entertaining area w covered patio & large open green space! Sprinkler system in front & back. Located in a great subdivision w two pools, playgrounds & walking trails.
SEE MORE
- # 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Chisholm Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chisholm Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$619 | |
| Property Insurance | -$166 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$184
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$270,000
PROJECTED PRICE
$1,730
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$77,300
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
1.42
YEARS SAVED
$2,556
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,792
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
1325 Pheasant Run Trail Fort Worth, TX 1
- 3 beds 2 baths ∙ 2,405 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,405 Sqft ∙ Built 2008
![property image]()
- Rent
- Rent Per SQFT
- $1,730
- $0.72
-
1801 White Feather Lane Fort Worth, TX 2
- 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2005
![property image]()
LEASED 06/07/20- Rent
- Rent Per SQFT
- $1,785
- $0.75
-
1449 Wind Dancer Trail Fort Worth, TX 3
- 4 beds 4 baths ∙ 2,509 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,509 Sqft ∙ Built 2005
![property image]()
LEASED 10/28/20- Rent
- Rent Per SQFT
- $1,825
- $0.73
-
8405 Prairie Dawn Drive Fort Worth, TX 4
- 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2002
![property image]()
LEASED 03/04/20- Rent
- Rent Per SQFT
- $1,845
- $0.76
-
1300 Pepperidge Lane Fort Worth, TX 5
- 4 beds 2 baths ∙ 2,514 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,514 Sqft ∙ Built 2006
![property image]()
LEASED 12/03/20- Rent
- Rent Per SQFT
- $1,850
- $0.74
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14492909
Last Updated: 01/02/2021
