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15025 Ravens Way Fort Worth, TX 76262

4 Beds 3 Baths 3,211 sqft Built 2017

$445,000

List Price

$3,060

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $138.59
  • 2 Days on Market
  • MLS # : 14522828
  • Updated Date : 03/06/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,211 sqft
  • Baths : 3 full
Listing Agent

Tina Leigh Realty

Listing Agent's Description

DON'T MISS THIS STUNNING, INVITING, WELCOMING & VERY WELL MAINTAINED 1 OWNER HOME w POND LAKE VIEW from lg private backyard. WOW FACTOR as you enter this spacious home, open versatile floorplan, many extras incl desirable selections, large island in the kitchen overlooks huge family room w great flow from kitchen to dining & breakfast room, master retreat downstairs w inviting master bathroom, extra bedroom w full bathroom down, upstairs game room with custom wet bar near media room perfect for entertaining, 2 additional bedrooms up w full bath. Beautiful drive up appeal, quiet neighborhood close enough to shopping, restaurants, airport, schools & highways. A+ Buyers to verify all information. Photos coming...

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: 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
Byron Nelson High School High Unknown NA

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

Byron Nelson High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$400,500$489,500$445,000

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$1,546
Property Tax -$927
Property Insurance -$213
HOA -$55
Property Management Fees -$99
CASH FLOW
$220

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.

$445,000

PROJECTED PRICE

$3,060

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$37,271

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,060

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,529

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,4953$2,5004$3,0605$3,200
$3,200
RENT COMPS ANALYSIS
  • 15025 Ravens Way Fort Worth, TX 4
    • 4 beds 3 baths ∙ 3,211 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,211 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $0.95
    •  
  • 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
    property image
    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
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.75
    •  
  • 15584 Yarberry Drive Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,293 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,293 Sqft ∙ Built 2012
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.76
    •  
  • 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
    property image
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.91
    •  
PROPERTY LISTING DETAILS
Tina Leigh
Tina Leigh Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522828
Last Updated: 03/06/2021
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