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14025 Coyote Trail Fort Worth, TX 76052

3 Beds 2 Baths 1,587 sqft Built 2006

$238,500

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $150.28
  • 4 Days on Market
  • MLS # : 14530254
  • Updated Date : 03/13/2021 at 10:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,587 sqft
  • Baths : 2 full
Listing Agent

Century 21 Judge Fite Company

Listing Agent's Description

GREAT CURB APPEAL ON THIS MOVE IN READY METICULOUSLY MAINTAINED HOME! THE LIVING AREA FEATURES NEUTRAL PAINT COLORS, ART NICHE, HIGH CEILINGS, WHITE FIREPLACE AND UPDATED CARPET. BEAUTIFUL EAT-IN KITCHEN FEATURES BLACK APPLIANCES, PANTRY, DUAL SINKS, BUILT-IN MICROWAVE MANY WINDOWS FOR NATURAL LIGHTING AND BREAKFAST BAR AREA. SPACIOUS MASTER BEDROOM INCLUDES WALK-IN CLOSETS, GARDEN TUB, AMPLE AMOUNT OF VANITY SPACE AS WELL AS BUILT-IN CABINETS AND A SEPARATE SHOWER. THE BACKYARD IS PERFECT FOR ENTERTAINING FAMILY AND FRIENDS WITH A COVERED PATIO AND NICE BACKYARD SPACE. EASY ACCESS TO FORT WORTH ALLIANCE AIRPORT, MAJOR HIGHWAYS, SHOPPING AND RESTAURANTS.

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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: 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
 

$214,650$262,350$238,500

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$828
Property Tax -$547
Property Insurance -$119
HOA -$45
Property Management Fees -$99
CASH FLOW
-$28

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.

$238,500

PROJECTED PRICE

$1,610

PROJECTED RENT

0.68%

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$8.0k

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$68,953

INVESTMENT

$68,953

Down Payment
$59,625
Rehab Estimate
$5,750
Closing Costs
$3,578

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$828

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,625
Loan Amount $178,875
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$7,784

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,611

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5503$1,5954$1,6105$1,695
$1,695
RENT COMPS ANALYSIS
  • 14025 Coyote Trail Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.01
    •  
  • 14013 Firebush Lane Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 2006
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.98
    •  
  • 837 Santa Rosa Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2008
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.02
    •  
  • 14036 Coyote Trail Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 2006
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.04
    •  
  • 760 Mexicali Way Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2008
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.02
    •  
PROPERTY LISTING DETAILS
Sarah Padgett
Century 21 Judge Fite Company
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14530254
Last Updated: 03/13/2021
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