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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $145.84
- 2 Days on Market
- MLS # : 14508385
- Updated Date : 02/20/2021 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,353 sqft
- Baths : 3 full
Listing Agent
Tina Hearne, Realtors
Listing Agent's Description
Fall in love with this stunning like new 2018 Brendan built by Drees. Entry arches & staircase welcomes you home. Gorgeous open kitchen features custom white cabinetry, lg island, gas stovetop, SS appliances & walk in pantry. Dining room will lie just off the kitchen. Vaulted ceiling in the living room invites you to relax & cozy up in front of the gas fireplace. Off the kitchen is a bonus tech hide-a-way center a great place for the kids to have their private study nook & a separate office just for you. Owner's suite calls for you to relax in the garden tub & has a glass walk-in shower. Upstairs leads you to a spacious game room or common area, media room & two comfy bedrooms. Many upgrades to this beauty.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Seventeen Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,700 |
| EXPENSES | Loan Payment | -$1,698 |
| Property Tax | -$1,019 | |
| Property Insurance | -$221 | |
| HOA | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$398
|
||
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.
$489,000
PROJECTED PRICE
$2,700
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$135,335
LOAN DETAILS
$1,698
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $122,250 |
| Loan Amount | $366,750 |
0.75
YEARS SAVED
$1,756
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,700
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$2,758
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
14637 Spitfire Trail Fort Worth, TX 3
- 4 beds 3 baths ∙ 3,353 Sqft ∙ Built 2018 4 beds 3 baths ∙ 3,353 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,700
- $0.81
-
15456 Yarberry Drive Fort Worth, TX 1
- 4 beds 3 baths ∙ 3,029 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,029 Sqft ∙ Built 2006
LEASED 08/22/20- Rent
- Rent Per SQFT
- $2,200
- $0.73
-
15400 Yarberry Drive Fort Worth, TX 2
- 5 beds 4 baths ∙ 3,330 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,330 Sqft ∙ Built 2007
LEASED 04/29/20- Rent
- Rent Per SQFT
- $2,495
- $0.75
-
4124 Wilderness Pass Fort Worth, TX 4
- 5 beds 4 baths ∙ 3,171 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,171 Sqft ∙ Built 2016
LEASED 09/24/19- Rent
- Rent Per SQFT
- $2,850
- $0.90
-
15028 Seventeen Lakes Boulevard Fort Worth, TX 5
- 5 beds 4 baths ∙ 3,526 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,526 Sqft ∙ Built 2014
LEASED 12/28/19- Rent
- Rent Per SQFT
- $3,200
- $0.91
PROPERTY LISTING DETAILS
Tina Hearne, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14508385
Last Updated: 02/20/2021
