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15536 Adlong Drive Fort Worth, TX 76262

4 Beds 4 Baths 2,445 sqft Built 2006

$318,900

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $130.43
  • 6 Days on Market
  • MLS # : 14462457
  • Updated Date : 11/02/2020 at 12:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,445 sqft
  • Baths : 3 full , 1 half
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

GORGEOUS 4 BEDROOM, 3.5 BATHROOM HOME WITH A GAME ROOM IN ROANOKE! Your family will love this stylish home graced with an open floor plan, arched entries, and plenty of entertaining areas throughout. The gourmet kitchen boasts tons of counter space, an island, and a large walk-in pantry. Entertain in the spacious game room perfect for entertaining family and guests. Afterward, retreat to your primary suite after a long day and enjoy the dual sinks, oversized shower, and a walk-in closet. Spend summer evenings on the covered patio or playing in the yard. Located near Henrietta Creek and Chadwick Farms Park! Buyer & Buyer Agent to verify all info including, but not limited to, room dimensions, features, schools.

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

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

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
 

$287,010$350,790$318,900

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,177
Property Tax -$556
Property Insurance -$168
HOA -$40
Property Management Fees -$99
CASH FLOW
$60

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.

$318,900

PROJECTED PRICE

$2,100

PROJECTED RENT

0.66%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,259

INVESTMENT

$90,259

Down Payment
$79,725
Rehab Estimate
$5,750
Closing Costs
$4,784

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,725
Loan Amount $239,175
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$23,571

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,078

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9003$1,9954$2,1005$2,450
$2,450
RENT COMPS ANALYSIS
  • 15536 Adlong Drive Roanoke, TX 4
    • 4 beds 4 baths ∙ 2,445 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,445 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 15617 Gatehouse Fort Worth, TX 1
    • 3 beds 3 baths ∙ 2,383 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,383 Sqft ∙ Built 2007
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.80
    •  
  • 15444 Yarberry Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,221 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,221 Sqft ∙ Built 2006
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.86
    •  
  • 3908 Yarberry Court Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,598 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,598 Sqft ∙ Built 2006
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.77
    •  
  • 3941 Sunnygate Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,530 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,530 Sqft ∙ Built 2009
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.97
    •  
PROPERTY LISTING DETAILS
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462457
Last Updated: 11/02/2020
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