Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

14901 Seventeen Lakes Boulevard Fort Worth, TX 76262

5 Beds 5 Baths 3,527 sqft Built 2014

INVESTimate

$449,000

List Price

$3,100

$2,850 - $3,350

Rent Est.

$481,508  ( +7.24%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $127.30
  • 6 Days on Market
  • MLS # : 14417359
  • Updated Date : 08/21/2020 at 19:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,527 sqft
  • Baths : 4 full , 1 half
Listing Agent

Newstream Realty

Listing Agent's Description

Amazing 5 bedroom, 4.5 bath, 3 car garage on over a quarter of an acre! Beautiful open floor plan with hardwood floors, stainless steel appliances, island, granite counter tops, & vaulted ceilings. Big master bedroom with walk in closet, double vanity, walk in shower, & garden tub. Separate guest room with full bathroom downstairs, 3 bedrooms upstairs with 2 full baths, game room, & media room! Large screened in patio in backyard with a big grassy yard for kids to play and family BBQ's. Home is located in Northwest ISD, close to downtown Roanoke, and miles away Alliance shopping area! Come see this home today its just what you and your family have been searching for!

SEE MORE

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: 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
 

$404,100$493,900$449,000

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$1,657
Property Tax -$945
Property Insurance -$231
HOA -$61
Property Management Fees -$99
CASH FLOW
$107

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.

$449,000

PROJECTED PRICE

$3,100

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.24%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$33,087

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,100

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $3,254

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$3,1003$3,2004$3,6955$3,900
$3,900
RENT COMPS ANALYSIS
  • 14901 Seventeen Lakes Boulevard Fort Worth, TX 2
    • 5 beds 5 baths ∙ 3,527 Sqft ∙ Built 2014 5 beds 5 baths ∙ 3,527 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.88
    •  
  • 15400 Yarberry Drive Fort Worth, TX 1
    • 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
    •  
  • 15028 Seventeen Lakes Boulevard Fort Worth, TX 3
    • 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
    •  
  • 1007 Highpoint Way Roanoke, TX 4
    • 5 beds 5 baths ∙ 3,773 Sqft ∙ Built 2018 5 beds 5 baths ∙ 3,773 Sqft ∙ Built 2018
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,695
    • $0.98
    •  
  • 915 Highpoint Way Roanoke, TX 5
    • 5 beds 4 baths ∙ 3,725 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,725 Sqft ∙ Built 2015
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.05
    •  
PROPERTY LISTING DETAILS
Timothy Nystrom
Newstream Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417359
Last Updated: 08/21/2020
BESbswy