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1625 Stowers Trail Fort Worth, TX 76052

4 Beds 4 Baths 3,384 sqft Built 2020

INVESTimate

$442,990

List Price

$2,910

$2,660 - $3,160

Rent Est.

$476,303  ( +7.52%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $130.91
  • 2 Days on Market
  • MLS # : 14420516
  • Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,384 sqft
  • Baths : 4 full
Listing Agent

American Legend Homes

Listing Agent's Description

Fantastic 2 story home on oversized lot 4 bedrooms and 4 full baths. game and media room and huge outdoor living area.

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

Zip Code: 76052

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 76052

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$398,691$487,289$442,990

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

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$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$1,634
Property Tax -$1,016
Property Insurance -$223
HOA -$52
Property Management Fees -$99
CASH FLOW
-$114

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$442,990

PROJECTED PRICE

$2,910

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.52%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,392

INVESTMENT

$119,392

Down Payment
$110,748
Rehab Estimate
$2,000
Closing Costs
$6,645

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,634

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,748
Loan Amount $332,243
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$13,777

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,910

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,910

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,9103$3,300
$3,300
RENT COMPS ANALYSIS
  • 1625 Stowers Trail Fort Worth, TX 2
    • 4 beds 4 baths ∙ 3,384 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,384 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,910
    • $0.86
    •  
  • 1152 Crest Breeze Drive Fort Worth, TX 1
    • 5 beds 3 baths ∙ 3,480 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,480 Sqft ∙ Built 2013
    property image
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.72
    •  
  • 12768 Taylor Frances Lane Haslet, TX 3
    • 4 beds 3 baths ∙ 3,297 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,297 Sqft ∙ Built 2003
    property image
    LEASED 07/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.00
    •  
PROPERTY LISTING DETAILS
Eric Stanley
American Legend Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14420516
Last Updated: 08/25/2020
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