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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

$1,760

$1,584 - $1,936

Rent Est.

$300,776  ( +7.42%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
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

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: Beechwood Creeks

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Beechwood Creeks

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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

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
$1,650
1$1,6502$1,7603$1,8004$1,8505$1,995
$1,995
RENT COMPS ANALYSIS
  • 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
Robin Glaysher
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416620
Last Updated: 08/25/2020
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