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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $133.23
- 1 Days on Market
- MLS # : 14477816
- Updated Date : 12/19/2020 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,627 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
This Beautiful 4 bedroom 2.1 bath is something you don't want to miss out on. Its walking distance to Northwest campus of TCC, and lots of room to entertain your family and friends. Master Bedroom is located downstairs and all other rooms are upstairs, including a playroom or loft and a theatre room. This wonderful community offers a pool and a park and is close to schools and shopping.
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: Terrace Landing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Terrace Landing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$802 | |
| Property Insurance | -$179 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$611
|
||
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.
$350,000
PROJECTED PRICE
$1,790
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.1% |
| 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
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
-0.08
YEARS SAVED
-$5
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$1,793
COMP ESTIMATED VALUE -
$0.68
COMP AVG. RENT PER SQFT
Comps Range
-
1325 Woodbine Cliff Drive Fort Worth, TX 2
- 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $1,790
- $0.68
-
5216 Lava Rock Drive Fort Worth, TX 1
- 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2006
LEASED 01/06/20- Rent
- Rent Per SQFT
- $1,695
- $0.66
-
5824 Arena Circle Fort Worth, TX 3
- 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 2005
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,825
- $0.68
-
1133 Hillwood Drive Saginaw, TX 4
- 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 2000
LEASED 07/27/20- Rent
- Rent Per SQFT
- $1,850
- $0.70
-
1092 Appaloosa Circle Fort Worth, TX 5
- 4 beds 3 baths ∙ 2,756 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,756 Sqft ∙ Built 2004
LEASED 11/11/20- Rent
- Rent Per SQFT
- $1,895
- $0.69
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14477816
Last Updated: 12/19/2020
