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15704 Oak Pointe Drive 
Fort Worth, TX
76177
4 Beds 2 Baths 1,773 sqft
Built 2017
INVESTimate
$280,000
List Price
$79,950
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PROPERTY INFO
FACTS
- Built In 2017
- Price/Sqft : $157.92
- 2 Days on Market
- MLS # : 14416620
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,773 sqft
- Baths : 2 full
Listing Agent
Redfin Corporation
Listing Agent's Description
Stunning like new 4 bedroom DR Horton home with a treasure trove of neighborhood amenities! Shows like brand new and features lovely upgrades including tile flooring, custom stone bench and enclosed screen patio porch. Kitchen highlights include large island, recessed lights, upgraded ss appliances, gas burner cook top, tons of cabinets & granite counter space perfect for hosting and grand scale cooking. Easy access to I-35! Love the proximity to Texas Motor Speedway, Tanger Outlets and restaurants. Big Shots will open this Fall. Also golf course nearby & awesome neighborhood. Very close to Alliance shops and plethora of restaurants as well. Pride in ownership shows! Come make this your perfect home sweet home!
SEE MORE
- . 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: Beechwood Creeks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Beechwood Creeks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,760 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$583 | |
| Property Insurance | -$130 | |
| HOA | -$45 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$130
|
||
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.
$280,000
PROJECTED PRICE
$1,760
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.42% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,950
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $70,000 |
| Loan Amount | $210,000 |
2.33
YEARS SAVED
$5,827
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,795
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
15704 Oak Pointe Drive Fort Worth, TX 2
- 4 beds 2 baths ∙ 1,773 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,773 Sqft ∙ Built 2017
![property image]()
- Rent
- Rent Per SQFT
- $1,760
- $0.99
-
3024 Maple Creek Drive Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 2014
![property image]()
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,650
- $1.02
-
15737 Carlton Oaks Drive Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2013
![property image]()
LEASED 07/17/20- Rent
- Rent Per SQFT
- $1,800
- $0.96
-
2821 Saddle Creek Drive Fort Worth, TX 4
- 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2017
![property image]()
LEASED 01/05/20- Rent
- Rent Per SQFT
- $1,850
- $1.05
-
3000 Maple Creek Drive Fort Worth, TX 5
- 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 2014
![property image]()
LEASED 06/11/20- Rent
- Rent Per SQFT
- $1,995
- $1.02
PROPERTY LISTING DETAILS
Redfin Corporation
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14416620
Last Updated: 08/25/2020
