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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $133.66
- 7 Days on Market
- MLS # : 14469409
- Updated Date : 11/30/2020 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,754 sqft
- Baths : 3 full
Listing Agent
Gehan Homes Brokerage, Llc
Listing Agent's Description
Brand NEW Two-Story Gehan Home with 4 Bedrooms, 3 Bathrooms, 2 Car Garage and so much more! This home has a covered back patio, spacious pantry, open concept from kitchen to family. An elegant entry welcomes you with style, with high ceilings. The spacious kitchen features hardwood floors and a large island. The cozy breakfast nook offers a unique view to the family room. Enjoy the relaxing master suite and a luxurious master bath. This plan offers plenty of room to grow.
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Zip Code: 76052
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76052
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,510 |
| EXPENSES | Loan Payment | -$1,358 |
| Property Tax | -$880 | |
| Property Insurance | -$186 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$66
|
||
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.
$368,093
PROJECTED PRICE
$2,510
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.5% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$99,545
LOAN DETAILS
$1,358
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $92,023 |
| Loan Amount | $276,070 |
3.42
YEARS SAVED
$13,165
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,510
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,492
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
1705 Wassel Road Fort Worth, TX 4
- 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $2,510
- $0.91
-
11432 Dorado Vista Trail Fort Worth, TX 1
- 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2017
LEASED 08/18/20- Rent
- Rent Per SQFT
- $2,100
- $0.86
-
1820 Lavin Plaza Fort Worth, TX 2
- 4 beds 2 baths ∙ 2,509 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,509 Sqft ∙ Built 2019
LEASED 07/20/20- Rent
- Rent Per SQFT
- $2,250
- $0.90
-
924 Basket Willow Terrace Fort Worth, TX 3
- 4 beds 2 baths ∙ 2,740 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,740 Sqft ∙ Built 2018
LEASED 08/06/20- Rent
- Rent Per SQFT
- $2,300
- $0.84
-
1801 Lavin Plaza Fort Worth, TX 5
- 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 2019
LEASED 11/04/20- Rent
- Rent Per SQFT
- $2,675
- $1.02
PROPERTY LISTING DETAILS
Gehan Homes Brokerage, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14469409
Last Updated: 11/30/2020
