Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

13359 Leather Strap Drive Fort Worth, TX 76052

4 Beds 2 Baths 2,281 sqft Built 2006

$274,900

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $120.52
  • 2 Days on Market
  • MLS # : 14471498
  • Updated Date : 11/14/2020 at 12:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,281 sqft
  • Baths : 2 full
Listing Agent

Alliance Properties

Listing Agent's Description

STOP LOOKING! Situated on a spacious .25 acre lot overlooking the greenbelt in sought after Sendera Ranch, this charming home will exceed your expectations! Meticulously maintained with a new roof & interior is move in ready! Open concept floor plan with large island kitchen open to the living room with a focal point gas fireplace! Sunny BF nook overlooks the expansive back yard! Private Master suite with spa-like bath! Large secondary rooms with ample closet space! Flex space off the entry can be home office, media or play room! Outside enjoy sunset views from the HUGE covered back porch or work on that hobby project in the large shed! Community pool & park is just a short walk from the back gate! Call today!

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

Neighborhood: Sendera Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $100k336k

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

Neighborhood: Sendera Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Sendera Ranch Elementary School Primary Regular 599 37 8
Truett Wilson Middle School Middle Unknown 844 58 NA
Byron Nelson High School High Regular 2,552 147 8

Sendera Ranch Elementary School

  • Education Level: Primary
  • # of students: 599
  • # of teachers: 37
8
GreatSchools Rating

Truett Wilson Middle School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 58
NA
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,014
Property Tax -$630
Property Insurance -$159
HOA -$46
Property Management Fees -$99
CASH FLOW
-$188

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.

$274,900

PROJECTED PRICE

$1,760

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.7%
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

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$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,518

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,916

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,760
1$1,7602$1,8503$1,8504$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 13359 Leather Strap Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,281 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,281 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.77
    •  
  • 13425 Austin Stone Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,057 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,057 Sqft ∙ Built 2006
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.90
    •  
  • 14112 Cochise Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 2005
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.78
    •  
  • 13304 Austin Stone Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,531 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,531 Sqft ∙ Built 2005
    LEASED 05/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 14468 Cloudview Way Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,351 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,351 Sqft ∙ Built 2019
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
PROPERTY LISTING DETAILS
Brandi Allison
Alliance Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471498
Last Updated: 11/14/2020
BESbswy