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16108 Blanco Lane Fort Worth, TX 76247

3 Beds 2 Baths 1,507 sqft Built 2002

$218,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $144.66
  • 4 Days on Market
  • MLS # : 14500002
  • Updated Date : 01/15/2021 at 13:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,507 sqft
  • Baths : 2 full
Listing Agent

Jp & Associates Flower Mound

Listing Agent's Description

Charming 3 Bedroom 2 Bath home in Harriet Creek Ranch with neighborhood pools! Lot nicely landscaped with plenty of room to play in the backyard. Storage building stays, Garage has fresh paint with workbench and storage cabinets, Solar screens, open floor plan, ceiling fans, cozy fireplace, NEW Garbage disposal, Microwave less than 2 years old, and NEW HVAC unit less than 1 year old! Won't last long.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Harriet Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Harriet Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9772171

* 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
Clara Love Elementary School Primary Regular 689 43 5
Gene Pike Middle School Middle Regular 743 53 7
Northwest High School High Regular 2,793 170 6

Clara Love Elementary School

  • Education Level: Primary
  • # of students: 689
  • # of teachers: 43
5
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
 

$196,200$239,800$218,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$757
Property Tax -$454
Property Insurance -$114
HOA -$24
Property Management Fees -$99
CASH FLOW
$51

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.

$218,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.7%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,520

INVESTMENT

$63,520

Down Payment
$54,500
Rehab Estimate
$5,750
Closing Costs
$3,270

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$757

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,500
Loan Amount $163,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$13,201

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,492

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5503$1,6504$1,6755$1,695
$1,695
RENT COMPS ANALYSIS
  • 16108 Blanco Lane Justin, TX 1
    • 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.00
    •  
  • 16201 Blanco Lane Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2002
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 1965 Copper Mountain Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2004
    property image
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.97
    •  
  • 2125 Navada Way Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2003
    property image
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.02
    •  
  • 2017 Navada Way Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2003
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.03
    •  
PROPERTY LISTING DETAILS
Jim Striegel
Jp & Associates Flower Mound
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500002
Last Updated: 01/15/2021
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