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1537 Jocelyn Drive Fort Worth, TX 76052

3 Beds 2 Baths 2,216 sqft Built 2019

$420,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $189.53
  • 2 Days on Market
  • MLS # : 14536710
  • Updated Date : 03/20/2021 at 20:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,216 sqft
  • Baths : 2 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

JUST LISTED! This immaculate single story American Legend Home was built in 2019 & offers a spacious & functional layout with a large kitchen, casual dining and formal living room that's PERFECT for entertaining! Features include 3 Bedrooms, 2 Full Baths, Study & a 3 Car Garage on an oversized lot located on a private street! Oh, & let's not forget about the upgrades...Custom Cabinetry, GRANITE Counters, Gorgeous Hardwoods, Built-in Surround Sound, an 8 Channel Security Camera System in HD & so much more. Located just minutes to Eaton High School, HWY 287, I-35, Shopping & Entertainment! This home is BETTER than NEW! And guess what? It's also ready for its next owners. Come on home!

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

Zip Code: 76052

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 76052

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,459
Property Tax -$963
Property Insurance -$155
HOA -$52
Property Management Fees -$99
CASH FLOW
-$688

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.

$420,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$8

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,061

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9953$2,0404$2,1005$2,250
$2,250
RENT COMPS ANALYSIS
  • 1537 Jocelyn Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 2,216 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,216 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.92
    •  
  • 1020 Crest Meadow Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2008
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.89
    •  
  • 1120 Crest Meadow Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 2013
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
  • 1012 Mesa Crest Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 2,236 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,236 Sqft ∙ Built 2015
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.94
    •  
  • 1820 Lavin Plaza Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,509 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,509 Sqft ∙ Built 2019
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.90
    •  
PROPERTY LISTING DETAILS
Tommy Pistana
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536710
Last Updated: 03/20/2021
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