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14221 Walsh Avenue Fort Worth, TX 76008

3 Beds 3 Baths 1,739 sqft Built 2020

INVESTimate

$291,245

List Price

$2,150

$1,935 - $2,365

Rent Est.

$304,293  ( +4.48%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $167.48
  • 6 Days on Market
  • MLS # : 14418228
  • Updated Date : 08/22/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,739 sqft
  • Baths : 2 full , 1 half
Listing Agent

David M. Weekley

Listing Agent's Description

Treat yourself to the lifestyle experience of the beautiful and effortless Gibralter dream home. Vibrant space and limitless potential make the elegant living and dining area ideal foe the resident interior designer. The chef's specialty kitchen supports the full variety of cuisine exploration and includes a presentation island for the family to gather around. Unique personalities and styles shine in the spacious upstairs bedrooms. End each day and wake up refreshed in the luxurious master bedroom suite, which features a modern bathroom and walk-in closet. Livability refinements include an upstairs laundry room, downstairs powder room, and extra storage.

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

Zip Code: 76008

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $104k380k

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

Zip Code: 76008

ZipNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9192738

* 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
Mcanally Intermediate School Primary Regular 785 43 7
Aledo Middle School Middle Regular 804 47 9
Aledo High School High Regular 1,193 72 7

Mcanally Intermediate School

  • Education Level: Primary
  • # of students: 785
  • # of teachers: 43
7
GreatSchools Rating

Aledo Middle School

  • Education Level: Middle
  • # of students: 804
  • # of teachers: 47
9
GreatSchools Rating

Aledo High School

  • Education Level: High
  • # of students: 1,193
  • # of teachers: 72
7
GreatSchools Rating
 

$262,121$320,370$291,245

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

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$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,075
Property Tax -$652
Property Insurance -$128
HOA -$152
Property Management Fees -$99
CASH FLOW
$44

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$291,245

PROJECTED PRICE

$2,150

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.48%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,180

INVESTMENT

$79,180

Down Payment
$72,811
Rehab Estimate
$2,000
Closing Costs
$4,369

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,075

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,811
Loan Amount $218,434
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$17,643

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $2,151

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2953$2,4004$2,400
$2,400
RENT COMPS ANALYSIS
  • 14221 Walsh Avenue Fort Worth, TX 1
    • 3 beds 3 baths ∙ 1,739 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,739 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.24
    •  
  • 14844 Complacent Way Aledo, TX 2
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2019
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.22
    •  
  • 14917 Belclaire Avenue Aledo, TX 3
    • 3 beds 2 baths ∙ 1,990 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,990 Sqft ∙ Built 2017
    LEASED 04/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.21
    •  
  • 14808 Star Creek Drive Aledo, TX 4
    • 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 2018
    LEASED 11/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.28
    •  
PROPERTY LISTING DETAILS
Jimmy Rado
David M. Weekley
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418228
Last Updated: 08/22/2020
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