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13941 Rustler Pass Ranch Road Fort Worth, TX 76262

3 Beds 2 Baths 1,744 sqft Built 2003

$235,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $134.75
  • 3 Days on Market
  • MLS # : 14476341
  • Updated Date : 11/27/2020 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,744 sqft
  • Baths : 2 full
Listing Agent

Momentum Real Estate Group,llc

Listing Agent's Description

Well Established neighborhood in the sought after NWISD. Recently Updated Home With 3 Bedrooms, 2 Baths and a bonus room with a closet that can be used as an extra bedroom or office. New Paint, New Pergo pet safe floors, Brand New Fence along with new St. augustine grass in the backyard. Large Open kitchen with breakfast area, lots of counter space and cabinets. Spacious living area. Large master bedroom split from the others. Master bath has garden tub, separate shower, dual sinks and walk in closet. Large walk in laundry room. This place just feel like home! New roof 2015 and new ac condenser 2020. Hot Water Heater 2018. Buyer and buyer's agent to verify square footage, measurements and schools.

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: Lost Creek Ranch North

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k350k

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

Neighborhood: Lost Creek Ranch North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10032579

* 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
J. Lyndal Hughes Elementary School Primary Regular 547 35 5
John M. Tidwell Middle School Middle Regular 1,048 65 8

J. Lyndal Hughes Elementary School

  • Education Level: Primary
  • # of students: 547
  • # of teachers: 35
5
GreatSchools Rating

John M. Tidwell Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 65
8
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$867
Property Tax -$539
Property Insurance -$128
Property Management Fees -$99
CASH FLOW
$57

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.

$235,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$17,296

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,687

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,515
1$1,5152$1,5503$1,6004$1,6755$1,690
$1,690
RENT COMPS ANALYSIS
  • 13941 Rustler Pass Ranch Road Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.97
    •  
  • 3465 Hidden Canyon Road Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2003
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,515
    • $0.93
    •  
  • 3416 Sedaila Ranch Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2003
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
  • 13809 Rustler Pass Ranch Road Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2003
    property image
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
  • 3441 Desert Mesa Road Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2002
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.03
    •  
PROPERTY LISTING DETAILS
Robyyn Flahart
Momentum Real Estate Group,llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14476341
Last Updated: 11/27/2020
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