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14864 Gilley Lane Fort Worth, TX 76052

4 Beds 2 Baths 2,044 sqft Built 2020

INVESTimate

$285,474

List Price

$1,820

$1,638 - $2,002

Rent Est.

$307,455  ( +7.70%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $139.66
  • 3 Days on Market
  • MLS # : 14419467
  • Updated Date : 08/23/2020 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,044 sqft
  • Baths : 2 full
Listing Agent

Wendell Miller Realty

Listing Agent's Description

Our one story Travertine plan has all there is to offer in a home! It features a formal dining room, kitchen with breakfast nook, and a large family room. The dining room can also be an optional study. The master bath included his and her sinks, a separate tub and shower, a private commode enclosure, and a large walk-in closet. A playroom separates the two secondary bedrooms, perfect for young children or extended family with young children and all three rooms are convenient to the second bathroom. The playroom can also option as a fourth bedroom! This floor plan is sure to suit anything and everything your family is looking for! THIS HOME COMPLETE NOVEMBER 2020!!!

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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

Neighborhood: Sendera Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $100k336k

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

Neighborhood: Sendera Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
Sendera Ranch Elementary School Primary Regular 599 37 8
Truett Wilson Middle School Middle Unknown 844 58 NA
Byron Nelson High School High Regular 2,552 147 8

Sendera Ranch Elementary School

  • Education Level: Primary
  • # of students: 599
  • # of teachers: 37
8
GreatSchools Rating

Truett Wilson Middle School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 58
NA
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$256,927$314,021$285,474

PURCHASE PRICE

$1,638$2,002$1,820

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$900k

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$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,053
Property Tax -$595
Property Insurance -$145
HOA -$42
Property Management Fees -$99
CASH FLOW
-$114

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.

$285,474

PROJECTED PRICE

$1,820

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.70%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,651

INVESTMENT

$77,651

Down Payment
$71,369
Rehab Estimate
$2,000
Closing Costs
$4,282

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,053

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,369
Loan Amount $214,106
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,906

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,804

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,7504$1,8205$1,850
$1,850
RENT COMPS ANALYSIS
  • 14864 Gilley Lane Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.89
    •  
  • 1305 Mountain Peak Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2005
    property image
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
  • 13716 Trail Break Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 2005
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
  • 13760 Trail Break Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2004
    property image
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
  • 13425 Austin Stone Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,057 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,057 Sqft ∙ Built 2006
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.90
    •  
PROPERTY LISTING DETAILS
Wendell Miller
Wendell Miller Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419467
Last Updated: 08/23/2020
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