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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $160.89
- 3 Days on Market
- MLS # : 14511770
- Updated Date : 02/04/2021 at 23:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,020 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Open House will be Saturday February 6th, 2021 from 1-4pm. Adorable 3 year old one story in a golf course community that boasts a corner backyard, 3 bedrooms, office, mudroom, and a large open living, kitchen, dining area is looking for its next owners. You will enjoy this well maintained home that has all the extras including upgraded wood look tile in living areas and bathrooms, all white cabinetry, a large yard (big enough for a pool or garden), blinds and the curtains all stay with the home. Neighborhood park, pet area and pool are just 2 blocks away. Tanger Outlet mall, entertainment and many dining opportunities are close by!
SEE MORE
- 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: Oak Creek Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oak Creek Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,030 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$677 | |
| Property Insurance | -$144 | |
| HOA | -$46 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$65
|
||
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.
$325,000
PROJECTED PRICE
$2,030
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.6% |
| 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
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
3.42
YEARS SAVED
$9,535
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,030
LIST RENT -
$1
LIST RENT PER SQFT
-
$2,111
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
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- $2,030
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15729 Bent Rose Way Fort Worth, TX 1
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LEASED 12/29/20- Rent
- Rent Per SQFT
- $1,945
- $1.02
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2433 Clay Creek Lane Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2018
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,950
- $1.05
-
2340 Boot Jack Road Fort Worth, TX 4
- 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 2017
LEASED 01/03/21- Rent
- Rent Per SQFT
- $2,150
- $1.07
-
2433 Whispering Pines Drive Fort Worth, TX 5
- 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2018
LEASED 06/30/20- Rent
- Rent Per SQFT
- $2,180
- $1.04
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14511770
Last Updated: 02/04/2021
