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15601 Trail Ride Lane Fort Worth, TX 76177

3 Beds 2 Baths 1,654 sqft Built 2019

$269,900

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $163.18
  • 4 Days on Market
  • MLS # : 14490022
  • Updated Date : 12/23/2020 at 23:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,654 sqft
  • Baths : 2 full
Listing Agent

Anycenter Realty

Listing Agent's Description

Looking for a newer home without the big price tag? Look no further! This WELL maintained GEHAN home was built in 2019 and is just minutes from Alliance Airport, Northwest High School, Tanger Outlets, and so much more! This 3-2-2 open concept home has the perfect floor plan with a grand entrance and split bedrooms. The kitchen is well appointed with a oven gas range, an island and gorgeous granite. You can relax and unwind as this home boasts an incredible backyard with a covered patio and beautiful landscaping.

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: Oak Creek Trails

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Oak Creek Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
W.r. Hatfield Elementary School Primary Regular 411 30 6
Gene Pike Middle School Middle Regular 743 53 7
Northwest High School High Regular 2,793 170 6

W.r. Hatfield Elementary School

  • Education Level: Primary
  • # of students: 411
  • # of teachers: 30
6
GreatSchools Rating

Gene Pike Middle School

  • Education Level: Middle
  • # of students: 743
  • # of teachers: 53
7
GreatSchools Rating

Northwest High School

  • Education Level: High
  • # of students: 2,793
  • # of teachers: 170
6
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$996
Property Tax -$562
Property Insurance -$123
HOA -$33
Property Management Fees -$99
CASH FLOW
$67

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$269,900

PROJECTED PRICE

$1,880

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,524

INVESTMENT

$73,524

Down Payment
$67,475
Rehab Estimate
$2,000
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$20,680

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,733

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,8803$1,8904$1,8995$1,950
$1,950
RENT COMPS ANALYSIS
  • 15601 Trail Ride Lane Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $1.14
    •  
  • 15949 Blaketree Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 2010
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.99
    •  
  • 2412 Indian Head Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 2019
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.06
    •  
  • 15720 Prairie Grass Lane Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 2018
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $1.06
    •  
  • 2432 Flowing Springs Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,799 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,799 Sqft ∙ Built 2018
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.08
    •  
PROPERTY LISTING DETAILS
Krishna Vankineni
Anycenter Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490022
Last Updated: 12/23/2020
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