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14305 Home Trail Fort Worth, TX 76262

4 Beds 3 Baths 2,740 sqft Built 2019

$525,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $191.61
  • 3 Days on Market
  • MLS # : 14511352
  • Updated Date : 02/05/2021 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,740 sqft
  • Baths : 3 full
Listing Agent

Century 21 Judge Fite Company

Listing Agent's Description

SPECTACULAR CURB APPEAL ON THIS 4 BEDROOM 3 BATH METICULOUSLY MAINTAINED HOME LOCATED IN A QUIET FRIENDLY NEIGHBORHOOD! ENTER & FIND SHINY WOOD FLOORING, NEUTRAL PAINT COLORS, HIGH CEILINGS & A GAS STARTER FIREPLACE. BEAUTIFUL ISLAND KITCHEN FEATURES WHITE CABINETRY, GAS STOVE, GRANITE COUNTERTOPS, STAINLESS STEEL APPLIANCES, DUAL OVENS, REVERSE OSMOSIS SYSTEM AT KITCHEN SINK & A MULTITUDE OF CABINET & COUNTER SPACE. THE MASTER BEDROOM IS A MUST SEE WITH WOOD FLOORING, WALK-IN CLOSET, GARDEN TUB, GORGEOUS SEPARATE SHOWER & DUAL VANITIES. UPSTAIRS HAS A EXTRA LIVING SPACE & BEDROOM. IMMENSE BACKYARD WITH A COVERED PATIO, SPRINKLERS, FRENCH DRAINS THROUGHOUT THE YARD & CEILING FAN. DUAL TANKLESS WATER HEATERS.

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: Seventeen Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k415k

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

Neighborhood: Seventeen Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262699

* 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
Cox Elementary Primary Unknown NA
John M. Tidwell Middle School Middle Regular 1,048 65 8

Cox Elementary

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

John M. Tidwell Middle School

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

$472,500$577,500$525,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,824
Property Tax -$1,094
Property Insurance -$186
HOA -$66
Property Management Fees -$99
CASH FLOW
-$908

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.

$525,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.2%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$18k-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$21

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,356

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,275
1$2,2752$2,3003$2,3604$2,450
$2,450
RENT COMPS ANALYSIS
  • 14305 Home Trail Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,740 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,740 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.86
    •  
  • 4004 Hollow Lake Road Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 2008
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.84
    •  
  • 4017 Cloud Cover Road Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 2009
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.82
    •  
  • 15609 Pioneer Bluff Trail Fort Worth, TX 4
    • 4 beds 4 baths ∙ 2,659 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,659 Sqft ∙ Built 2016
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.92
    •  
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 #: 14511352
Last Updated: 02/05/2021
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