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1432 Wind Dancer Trail Fort Worth, TX 76131

4 Beds 2 Baths 1,920 sqft Built 2004

$230,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $119.79
  • 3 Days on Market
  • MLS # : 14469879
  • Updated Date : 11/27/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,920 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

MULTIPLE OFFERS Rec'd - Highest & Best due Saturday, November 28th by 5pm - Living is easy in this impressive, spacious and easily accessible residence. Highlights include split floorplan, large open kitchen, inviting living room with fireplace. The floorplan encompasses 4 spacious bedrooms all with walk-in closets, 2 bath, & a sleek kitchen that flows into the living & dining room. Master is complete with walk-in closet & ensuite bathroom, ensures you have a private space to retreat. Perfect for anyone, this home is ideally positioned to enjoy all of life’s moments big & small. Gorgeous parks nearby along with plenty of shopping, dining and entertainment.

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: Chisholm Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Chisholm Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Chisholm Ridge Elementary School Primary Regular 651 37 5
Highland Middle School Middle Regular 815 54 7
Saginaw High School High Regular 1,785 113 6

Chisholm Ridge Elementary School

  • Education Level: Primary
  • # of students: 651
  • # of teachers: 37
5
GreatSchools Rating

Highland Middle School

  • Education Level: Middle
  • # of students: 815
  • # of teachers: 54
7
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$849
Property Tax -$527
Property Insurance -$138
HOA -$33
Property Management Fees -$99
CASH FLOW
-$16

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$230,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$10,364

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,627

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6303$1,6954$1,6955$1,695
$1,695
RENT COMPS ANALYSIS
  • 1432 Wind Dancer Trail Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.85
    •  
  • 8112 Fleetwing Trail Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2004
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.81
    •  
  • 1448 Wind Dancer Trail Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2004
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.86
    •  
  • 1333 Pheasant Run Trail Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 2005
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.89
    •  
  • 1316 Pepperidge Lane Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,045 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,045 Sqft ∙ Built 2008
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
PROPERTY LISTING DETAILS
Kim Mclelland
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469879
Last Updated: 11/27/2020
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