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PROPERTY INFO
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
- 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 | $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
| 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
$123,675
LOAN DETAILS
$1,546
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $111,250 |
| Loan Amount | $333,750 |
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
-
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 Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14522828
Last Updated: 03/06/2021
