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15764 Buffalo Nickel Drive Fort Worth, TX 76177

5 Beds 4 Baths 2,830 sqft Built 2018

$354,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $125.09
  • 6 Days on Market
  • MLS # : 14489739
  • Updated Date : 12/22/2020 at 16:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,830 sqft
  • Baths : 4 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

GET READY TO CALL THIS GORGEOUS 5 BEDROOM, 4 BATHROOM, D R HORTON BUILT HOME IN NORTH FORT WORTH YOURS! Situated on a corner lot with a beautiful drive-up appeal. This home has a great two-story foyer that leads to the open floorplan & living room. The spacious living room offers carpeted flooring, great windows letting in natural light, & a cozy fireplace. Amazing kitchen features dark cabinetry, granite counters, & stainless steel appliances. Three additional bedrooms are upstairs along with a Texas-sized game room that can accommodate all of your gaming desires! Located near Texas Motor Speedway! Buyer & Buyer Agent to verify all info including, but not limited to, room dimensions, features, schools.

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
 

$318,600$389,400$354,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,306
Property Tax -$738
Property Insurance -$191
HOA -$38
Property Management Fees -$99
CASH FLOW
$19

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.

$354,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.68%

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-$5.0k$0.0$5.0k$10k

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$99,560

INVESTMENT

$99,560

Down Payment
$88,500
Rehab Estimate
$5,750
Closing Costs
$5,310

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,500
Loan Amount $265,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$20,280

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,328

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2503$2,3004$2,3255$2,390
$2,390
RENT COMPS ANALYSIS
  • 15764 Buffalo Nickel Drive Fort Worth, TX 5
    • 5 beds 4 baths ∙ 2,830 Sqft ∙ Built 2018 5 beds 4 baths ∙ 2,830 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.84
    •  
  • 15945 White Mill Road Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,517 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,517 Sqft ∙ Built 2019
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.83
    •  
  • 2444 Open Range Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 2018
    property image
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.86
    •  
  • 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
    property image
    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
    property image
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $0.83
    •  
PROPERTY LISTING DETAILS
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489739
Last Updated: 12/22/2020
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