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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $144.03
- 5 Days on Market
- MLS # : 14490122
- Updated Date : 12/31/2020 at 15:18
CONSTRUCTION
- Beds : 3
- Floor Size : 1,458 sqft
- Baths : 2 full
Listing Agent
Irealty, Llc
Listing Agent's Description
Great house at a very affordable price! Established neighborhood. You will love coming home to this peaceful community with great neighbors. Small town feel where people wave when you drive by and everyone watches out for each other. This home is move-in ready. Enjoy the manageable backyard space. Garage can be easily converted back! This home is a great opportunity for a starter home or rental property! The open layout is nice for entertaining, and the primary bedroom is separate from the secondary bedrooms for added privacy!Lots of room for you to customize to suit your own tastes. Do not miss out on this one! Refrigerator stays.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Hollowbrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hollowbrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,470 |
| EXPENSES | Loan Payment | -$775 |
| Property Tax | -$481 | |
| Property Insurance | -$111 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$3
|
||
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.
$210,000
PROJECTED PRICE
$1,470
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 12.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$61,400
LOAN DETAILS
$775
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $52,500 |
| Loan Amount | $157,500 |
4.42
YEARS SAVED
$10,760
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,470
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,261
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
1540 Hollowbrook Court Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $1,470
- $1.01
-
4511 Menzer Road Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1978
![property image]()
LEASED 02/17/20- Rent
- Rent Per SQFT
- $1,175
- $0.83
-
5008 Emerald Lake Drive Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1967
![property image]()
LEASED 05/03/20- Rent
- Rent Per SQFT
- $1,450
- $0.86
-
4913 Saint Lawrence Road Fort Worth, TX 4
- 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1965
![property image]()
LEASED 02/11/20- Rent
- Rent Per SQFT
- $1,495
- $0.84
-
5021 Emerald Lake Drive Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 1968
![property image]()
LEASED 12/30/19- Rent
- Rent Per SQFT
- $1,600
- $0.93
PROPERTY LISTING DETAILS
Irealty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14490122
Last Updated: 12/31/2020
