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133 Deats Farm Court Springtown, TX 76020

4 Beds 2 Baths 2,353 sqft Built 2021

$392,950

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $167.00
  • 6 Days on Market
  • MLS # : 14489694
  • Updated Date : 12/22/2020 at 10:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,353 sqft
  • Baths : 2 full
Listing Agent

Citiwide Alliance Realty

Listing Agent's Description

Thoughtfully designed with a soaring vaulted ceiling accented with wood beams, open concept living, custom wood cabinetry throughout, and split bedroom design for maximum privacy. Secondary bath has a door into the wet area to allow for more than one person to utilize! Laundry room can be accessed from the large master bath. Mud room features custom built-in lockers. Granite throughout, wood look tile in main living areas, designer lighting package, shiplap accents and 12x24in upgraded tile set this home apart from the competition! Come see the DOC Homes difference! End of April Completion.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 76020

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Zip Code: 76020

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8791734

* 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
Liberty Elementary School Primary Regular 449 27 7
Forte Junior High School Middle Regular 448 28 5
Azle High School High Regular 1,742 107 7

Liberty Elementary School

  • Education Level: Primary
  • # of students: 449
  • # of teachers: 27
7
GreatSchools Rating

Forte Junior High School

  • Education Level: Middle
  • # of students: 448
  • # of teachers: 28
5
GreatSchools Rating

Azle High School

  • Education Level: High
  • # of students: 1,742
  • # of teachers: 107
7
GreatSchools Rating
 

$353,655$432,245$392,950

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,450
Property Tax -$669
Property Insurance -$163
Property Management Fees -$99
CASH FLOW
-$671

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$392,950

PROJECTED PRICE

$1,710

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,132

INVESTMENT

$106,132

Down Payment
$98,238
Rehab Estimate
$2,000
Closing Costs
$5,894

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,450

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,238
Loan Amount $294,713
See What Happens When You Reinvest Cash Flow

0

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.

  • $1,710

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,694

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,710
1$1,7102$1,800
$1,800
RENT COMPS ANALYSIS
  • 133 Deats Farm Court Springtown, TX 1
    • 4 beds 2 baths ∙ 2,353 Sqft ∙ Built 2021 4 beds 2 baths ∙ 2,353 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.73
    •  
  • 312 Prairie Lane Azle, TX 2
    • 4 beds 2 baths ∙ 2,490 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,490 Sqft ∙ Built 2001
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.72
    •  
PROPERTY LISTING DETAILS
Cassandra Knight
Citiwide Alliance Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489694
Last Updated: 12/22/2020
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