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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $113.73
- 5 Days on Market
- MLS # : 14498888
- Updated Date : 01/16/2021 at 19:20
CONSTRUCTION
- Beds : 4
- Floor Size : 2,330 sqft
- Baths : 2 full , 1 half
Listing Agent
Lake Realty Group, Llc
Listing Agent's Description
Home features upgraded granite countertops and back splash in the kitchen and bathrooms. Fireplace has floor to ceiling stone, crown molding, wood looking tile floors entire first floor with 5 inch baseboards on 1st floor. Backyard features covered patio for summer entertainment and large shed. DEADLINE for all offers Sunday January 17, 2021 by 7:00 pm.
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 | $1,790 |
| EXPENSES | Loan Payment | -$920 |
| Property Tax | -$607 | |
| Property Insurance | -$162 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$32
|
||
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.
$265,000
PROJECTED PRICE
$1,790
PROJECTED RENT
0.68%
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
$75,975
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
3.5
YEARS SAVED
$8,445
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 -
$0.77
LIST RENT PER SQFT
-
$1,782
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
1353 Cattle Crossing Drive Fort Worth, TX 2
- 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,790
- $0.77
-
1801 White Feather Lane Fort Worth, TX 1
- 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2005
LEASED 06/07/20- Rent
- Rent Per SQFT
- $1,785
- $0.75
-
1720 Desperado Road Fort Worth, TX 3
- 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2007
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,795
- $0.76
-
8532 Cactus Flower Drive Fort Worth, TX 4
- 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2002
LEASED 05/08/20- Rent
- Rent Per SQFT
- $1,800
- $0.79
-
8405 Prairie Dawn Drive Fort Worth, TX 5
- 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2002
LEASED 03/04/20- Rent
- Rent Per SQFT
- $1,845
- $0.76
PROPERTY LISTING DETAILS
Lake Realty Group, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14498888
Last Updated: 01/16/2021
