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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $281.02
- 5 Days on Market
- MLS # : 14503480
- Updated Date : 01/21/2021 at 08:18
CONSTRUCTION
- Beds : 4
- Floor Size : 2,313 sqft
- Baths : 2 full , 1 half
Listing Agent
Pinnacle Relocation Services
Listing Agent's Description
Looking for a new home for your family and your horses? This is it. Wonderful home, almost 5 acres with barn has plenty of room for all. Working from home? Home office has doors for privacy. Need a quiet spot? Enjoy cozy second living area with fireplace. Home can configure as 3 or 4 bd depending on your needs. Top Rated Schools in NWISD and close in location. Horses have tons of room. Barn has feed and tack room, wash rack, and RV 220 amp. Recent energy efficient windows in 2020. New Roof 2019 and new AC 2016 New Well Pump 2018
SEE MORE
- 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
Zip Code: 76052
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76052
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,070 |
| EXPENSES | Loan Payment | -$2,258 |
| Property Tax | -$1,554 | |
| Property Insurance | -$161 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,002
|
||
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.
$650,000
PROJECTED PRICE
$3,070
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$178,000
LOAN DETAILS
$2,258
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $162,500 |
| Loan Amount | $487,500 |
-0.08
YEARS SAVED
-$6
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,070
LIST RENT -
$1.33
LIST RENT PER SQFT
-
$2,001
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
13924 Alliance Court Haslet, TX 5
- 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $3,070
- $1.33
-
14149 Filly Street Fort Worth, TX 1
- 4 beds 2 baths ∙ 2,152 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,152 Sqft ∙ Built 2006
LEASED 08/02/19- Rent
- Rent Per SQFT
- $1,795
- $0.83
-
14016 Wrangler Way Fort Worth, TX 2
- 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 2009
LEASED 12/03/20- Rent
- Rent Per SQFT
- $1,795
- $0.90
-
14029 Dream River Trail Fort Worth, TX 3
- 4 beds 2 baths ∙ 2,098 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,098 Sqft ∙ Built 2006
LEASED 12/28/20- Rent
- Rent Per SQFT
- $1,850
- $0.88
-
120 Smokehouse Court Newark, TX 4
- 4 beds 3 baths ∙ 2,458 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,458 Sqft ∙ Built 2007
LEASED 11/09/20- Rent
- Rent Per SQFT
- $2,100
- $0.85
PROPERTY LISTING DETAILS
Pinnacle Relocation Services
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14503480
Last Updated: 01/21/2021
