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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $171.40
- 6 Days on Market
- MLS # : 14489182
- Updated Date : 12/23/2020 at 17:48
CONSTRUCTION
- Beds : 3
- Floor Size : 2,783 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
A home of distinction. Modern, clean design lines, upgrades found in luxury homes, location with bluff views. Casual open floor plan, lots of natural light, great for entertaining yet allows privacy. Office with closet for storage, kitchen with coffee bar, blt in coffee maker, quartz counters, SS appl, gas cooktop, large pantry and open to living room with floor to ceiling windows and view. Owners retreat shows off views, complete with separate tub, frameless shower enclosure, leathered granite counters. Smartly designed 2nd floor offers living and media room separate from bedrooms. Extended covered patio to enjoy sunsets. Community splash park within a short walk, easy access to highways and historic Oak St.
SEE MORE
- . 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
Zip Code: 76262
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76262
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,550 |
| EXPENSES | Loan Payment | -$1,760 |
| Property Tax | -$994 | |
| Property Insurance | -$188 | |
| HOA | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$546
|
||
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.
$477,000
PROJECTED PRICE
$2,550
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.4% |
| 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
$132,155
LOAN DETAILS
$1,760
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $119,250 |
| Loan Amount | $357,750 |
0.33
YEARS SAVED
$461
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,550
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$2,338
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
15413 Elm Bluff Way Fort Worth, TX 5
- 3 beds 3 baths ∙ 2,783 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,783 Sqft ∙ Built 2017
![property image]()
- Rent
- Rent Per SQFT
- $2,550
- $0.92
-
401 Indian Trail Road Roanoke, TX 1
- 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 1998
![property image]()
LEASED 07/14/20- Rent
- Rent Per SQFT
- $2,100
- $0.86
-
3921 Eaglerun Drive Fort Worth, TX 2
- 4 beds 3 baths ∙ 2,930 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,930 Sqft ∙ Built 2006
![property image]()
LEASED 06/03/20- Rent
- Rent Per SQFT
- $2,150
- $0.73
-
15749 Landing Creek Lane Fort Worth, TX 3
- 4 beds 4 baths ∙ 2,821 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,821 Sqft ∙ Built 2008
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,400
- $0.85
-
15609 Pioneer Bluff Trail Fort Worth, TX 4
- 4 beds 4 baths ∙ 2,659 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,659 Sqft ∙ Built 2016
![property image]()
LEASED 03/03/20- Rent
- Rent Per SQFT
- $2,450
- $0.92
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14489182
Last Updated: 12/23/2020
