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

1353 Cattle Crossing Drive Fort Worth, TX 76131

4 Beds 3 Baths 2,330 sqft Built 2003

$265,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • # 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

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Chisholm Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Chisholm Ridge Elementary School Primary Regular 651 37 5
Highland Middle School Middle Regular 815 54 7
Saginaw High School High Regular 1,785 113 6

Chisholm Ridge Elementary School

  • Education Level: Primary
  • # of students: 651
  • # of teachers: 37
5
GreatSchools Rating

Highland Middle School

  • Education Level: Middle
  • # of students: 815
  • # of teachers: 54
7
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

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
$1,785
1$1,7852$1,7903$1,7954$1,8005$1,845
$1,845
RENT COMPS ANALYSIS
  • 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
David Buchanan
Lake Realty Group, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14498888
Last Updated: 01/16/2021
BESbswy