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15413 Elm Bluff Way Fort Worth, TX 76262

3 Beds 3 Baths 2,783 sqft Built 2017

$477,000

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • . 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

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k430k

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

Zip Code: 76262

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262792

* 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

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
 

$429,300$524,700$477,000

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$132,155

INVESTMENT

$132,155

Down Payment
$119,250
Rehab Estimate
$5,750
Closing Costs
$7,155

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,760

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,250
Loan Amount $357,750
See What Happens When You Reinvest Cash Flow

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
$2,100
1$2,1002$2,1503$2,4004$2,4505$2,550
$2,550
RENT COMPS ANALYSIS
  • 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
Paul Tosello
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489182
Last Updated: 12/23/2020
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