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13744 Old Oaks Drive Fort Worth, TX 76028

4 Beds 4 Baths 3,829 sqft Built 2006

$475,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $124.05
  • 4 Days on Market
  • MLS # : 14511902
  • Updated Date : 02/04/2021 at 04:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,829 sqft
  • Baths : 4 full
Listing Agent

Re/max Trinity

Listing Agent's Description

Welcome to Thomas Crossing, the 14th hole at Southern Oaks Golf and Tennis Club. This custom built home features all the upgrades. Custom finishes such as niches, abundance of storage space in every hallway, bedroom and a piece of the attic built out for seasonal decorative storage. The kitchen has a gas cooktop, all stainless steel appliances and beautiful granite. The bathrooms are magnificent and look like the home was just built. The living room and the office have wonderful hardwood floors and the gas fireplace in the living room is fabulous. Enjoy watching the approach shots on the 14th green and betting on the putts to go in, a gas line is ready for an outdoor kitchen on the stone patio.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Neighborhood: Thomas Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $119k427k

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

Neighborhood: Thomas Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262530

* 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
Bransom Elementary School Primary Regular 504 35 6
Centennial High School High Unknown NA

Bransom Elementary School

  • Education Level: Primary
  • # of students: 504
  • # of teachers: 35
6
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,650
Property Tax -$1,089
Property Insurance -$248
HOA -$8
Property Management Fees -$99
CASH FLOW
-$624

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.

$475,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 4.4%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$22

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $2,412

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$2,470
1$2,4702$2,550
$2,550
RENT COMPS ANALYSIS
  • 13744 Old Oaks Drive Fort Worth, TX 1
    • 4 beds 4 baths ∙ 3,829 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,829 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.65
    •  
  • 914 Azalea Court Burleson, TX 2
    • 5 beds 3 baths ∙ 4,057 Sqft ∙ Built 2006 5 beds 3 baths ∙ 4,057 Sqft ∙ Built 2006
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.63
    •  
PROPERTY LISTING DETAILS
Russell Pickens
Re/max Trinity
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14511902
Last Updated: 02/04/2021
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