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14013 Cedar Post Drive Fort Worth, TX 76052

3 Beds 2 Baths 1,471 sqft Built 2004

$225,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $152.96
  • 4 Days on Market
  • MLS # : 14522058
  • Updated Date : 02/25/2021 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,471 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Welcome to this cozy home located in Sendera Ranch which has many amenities including 200 acres of lush greenbelts, a large pool with a beach style entrance, parks, spray park for the kids, basketball court to name a few. Open floorplan optimizes available square footage. Family room centers around bricked wood burning fireplace. Kitchen has quartz counters and a tiled backsplash and is open to the breakfast nook. Spacious owners retreat has a walk-in closet, dual sinks, soaking tub and separate shower. Secondary bedrooms has nice closets. Relax under covered back patio. Plenty of backyard space for kids or pets to play. Storage shed provides extra storage. Don't miss this little gem.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sendera Ranch East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $85k336k

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

Neighborhood: Sendera Ranch East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10842171

* 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
Truett Wilson Middle School Middle Unknown 844 58 NA
Byron Nelson High School High Regular 2,552 147 8
Byron Nelson High School High Unknown NA

Truett Wilson Middle School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 58
NA
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating

Byron Nelson High School

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

$202,500$247,500$225,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$782
Property Tax -$516
Property Insurance -$112
HOA -$34
Property Management Fees -$99
CASH FLOW
-$52

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.

$225,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.0%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$5,891

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,489

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,4953$1,4954$1,5505$1,630
$1,630
RENT COMPS ANALYSIS
  • 14013 Cedar Post Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.01
    •  
  • 14241 Polo Ranch Street Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2007
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.98
    •  
  • 1108 Mustang Ridge Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 2004
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.06
    •  
  • 1117 Mustang Ridge Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 2004
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
  • 14132 Cedar Post Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.03
    •  
PROPERTY LISTING DETAILS
Lisa Hager
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522058
Last Updated: 02/25/2021
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