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15712 Bent Rose Way Fort Worth, TX 76177

3 Beds 3 Baths 2,968 sqft Built 2007

$385,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $129.72
  • 2 Days on Market
  • MLS # : 14476409
  • Updated Date : 11/28/2020 at 10:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,968 sqft
  • Baths : 2 full , 1 half
Listing Agent

Monument Realty

Listing Agent's Description

Charming 3bedroom 2 and a half bath home in a GOLF COURSE COMMUNITY located off of the 12th hole of Fairways of Champions Circle. Lots of windows and natural light! Very open with new and updated floors. In the backyard newly installed Pergola with sun screens. Great neighborhood for family and kids. Community pool, park and walking trails. Close to shopping and restaurants.

SEE MORE

MARKET HIGHLIGHTS

  • 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

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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,420
Property Tax -$802
Property Insurance -$199
HOA -$28
Property Management Fees -$99
CASH FLOW
-$399

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.

$385,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.56%

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) 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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$767

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,374

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,1503$2,3004$2,3255$2,600
$2,600
RENT COMPS ANALYSIS
  • 15712 Bent Rose Way Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,968 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,968 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.72
    •  
  • 2824 Cedar Ridge Lane Fort Worth, TX 1
    • 3 beds 3 baths ∙ 2,627 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,627 Sqft ∙ Built 2006
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.72
    •  
  • 2449 Indian Head Drive Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,000 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,000 Sqft ∙ Built 2019
    LEASED 06/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.77
    •  
  • 15737 Barton Ridge Drive Fort Worth, TX 4
    • 4 beds 4 baths ∙ 2,818 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,818 Sqft ∙ Built 2017
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $0.83
    •  
  • 15704 Bent Rose Way Fort Worth, TX 5
    • 4 beds 4 baths ∙ 2,938 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,938 Sqft ∙ Built 2008
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.88
    •  
PROPERTY LISTING DETAILS
Annmarie Eidmann
Monument Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14476409
Last Updated: 11/28/2020
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