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15505 Sweetpine Lane Fort Worth, TX 76262

5 Beds 4 Baths 3,930 sqft Built 2012

$469,500

List Price

$3,450

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $119.47
  • 4 Days on Market
  • MLS # : 14506078
  • Updated Date : 02/06/2021 at 08:49
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,930 sqft
  • Baths : 4 full
Listing Agent

The Wall Team Realty Assoc

Listing Agent's Description

HIGHEST & BEST DUE BY 9PM SATURDAY, FEBRUARY 6TH. Nestled in the Chadwick Farms subdivision, this light and bright 4 bedroom home features a large open floor plan layout, an abundance of windows for natural light, an office, and an oversized lofted game room. Kitchen hosts an island, granite countertops, and beautiful wood cabinets. multiple living rooms with tall ceilings and a floor to ceiling stone fireplace. Owner's retreat has vaulted ceiling, sitting area, access to the second bedroom and full bath with garden tub and separate shower. Backyard is perfect for entertaining guests with an open patio and plenty of grassy area to play. Minutes away from Hwy 144 for easy access. Award winning Northwest ISD!

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

Neighborhood: Chadwick Farms

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k350k

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

Neighborhood: Chadwick Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262579

* 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
Byron Nelson High School High Unknown NA

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

Byron Nelson High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$422,550$516,450$469,500

PURCHASE PRICE

$3,105$3,795$3,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,450
EXPENSES Loan Payment -$1,631
Property Tax -$978
Property Insurance -$254
HOA -$40
Property Management Fees -$99
CASH FLOW
$448

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.

$469,500

PROJECTED PRICE

$3,450

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.1%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$130,168

INVESTMENT

$130,168

Down Payment
$117,375
Rehab Estimate
$5,750
Closing Costs
$7,043

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,631

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,375
Loan Amount $352,125
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$59,832

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,450

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $3,812

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$3,195
1$3,1952$3,4503$3,6954$3,900
$3,900
RENT COMPS ANALYSIS
  • 15505 Sweetpine Lane Fort Worth, TX 2
    • 5 beds 4 baths ∙ 3,930 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,930 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $0.88
    •  
  • 927 Bentley Drive Roanoke, TX 1
    • 4 beds 4 baths ∙ 3,645 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,645 Sqft ∙ Built 2016
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $0.88
    •  
  • 1007 Highpoint Way Roanoke, TX 3
    • 5 beds 5 baths ∙ 3,773 Sqft ∙ Built 2018 5 beds 5 baths ∙ 3,773 Sqft ∙ Built 2018
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,695
    • $0.98
    •  
  • 915 Highpoint Way Roanoke, TX 4
    • 5 beds 4 baths ∙ 3,725 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,725 Sqft ∙ Built 2015
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.05
    •  
PROPERTY LISTING DETAILS
Laurie Wall
The Wall Team Realty Assoc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14506078
Last Updated: 02/06/2021
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