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14417 Spitfire Trail Fort Worth, TX 76262

4 Beds 3 Baths 2,545 sqft Built 2020

$458,959

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $180.34
  • 2 Days on Market
  • MLS # : 14493211
  • Updated Date : 01/02/2021 at 13:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,545 sqft
  • Baths : 3 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14493211 - Built by Coventry Homes - May completion! ~ As you enter this beautiful home, you are greeted by a stunning grand foyer leading to the spacious family room. Advance into the gourmet chef’s kitchen, equipped with gleaming granite countertops and a large island workspace. After a long day, retreat to the gorgeous primary suite featuring a walk-in shower and an oversized closet. Complete with hardwood floors throughout and a lovely covered patio, this home is sure to impress. Come visit this spectacular home today!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Seventeen Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $104k415k

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

Neighborhood: Seventeen Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9192699

* 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
 

$413,063$504,855$458,959

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,693
Property Tax -$800
Property Insurance -$174
HOA -$60
Property Management Fees -$99
CASH FLOW
-$557

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.

$458,959

PROJECTED PRICE

$2,270

PROJECTED RENT

0.49%

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) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,624

INVESTMENT

$123,624

Down Payment
$114,740
Rehab Estimate
$2,000
Closing Costs
$6,884

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,693

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,740
Loan Amount $344,219
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$341

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,265

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$2,2704$2,2755$2,800
$2,800
RENT COMPS ANALYSIS
  • 14417 Spitfire Trail Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.89
    •  
  • 15444 Yarberry Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,221 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,221 Sqft ∙ Built 2006
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.86
    •  
  • 3928 Sunnygate Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,233 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,233 Sqft ∙ Built 2006
    property image
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.87
    •  
  • 4004 Hollow Lake Road Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 2008
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.84
    •  
  • 15317 Mallard Creek Street Fort Worth, TX 5
    • 5 beds 3 baths ∙ 2,833 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,833 Sqft ∙ Built 2015
    property image
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.99
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493211
Last Updated: 01/02/2021
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