Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1721 Pacific Place Fort Worth, TX 76112

4 Beds 3 Baths 2,140 sqft Built 1992

$249,900

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $116.78
  • 3 Days on Market
  • MLS # : 14500339
  • Updated Date : 01/15/2021 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,140 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jw Realty Partners

Listing Agent's Description

Must see this beautiful home, it is an updated 2 story home near I-30 & Eastchase. Perfect for entertaining! All 4 bedrooms are on the second story and the 2 living rooms and 2 dinning rooms are on the first story. Also has a nice fireplace in one of the living areas. Has a large yard with wood deck. Home has a great amount of storage! Close to all major highways.

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: Arbor Hill

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Arbor Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9141734

* 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
Atwood Mcdonald Elementary School Primary Regular 635 37 4
Handley Middle School Middle Regular 521 42 4
Eastern Hills High School High Regular 1,215 96 2

Atwood Mcdonald Elementary School

  • Education Level: Primary
  • # of students: 635
  • # of teachers: 37
4
GreatSchools Rating

Handley Middle School

  • Education Level: Middle
  • # of students: 521
  • # of teachers: 42
4
GreatSchools Rating

Eastern Hills High School

  • Education Level: High
  • # of students: 1,215
  • # of teachers: 96
2
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$868
Property Tax -$573
Property Insurance -$151
Property Management Fees -$99
CASH FLOW
$109

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.

$249,900

PROJECTED PRICE

$1,800

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$18,161

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,755

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7003$1,7504$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 1721 Pacific Place Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.84
    •  
  • 7804 Briarstone Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 2000
    property image
    LEASED 07/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.88
    •  
  • 7700 Briarstone Court Fort Worth, TX 2
    • 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 2000
    property image
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.85
    •  
  • 7976 Meadow View Trail Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 2004
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.78
    •  
  • 1456 Hedgewood Trail Fort Worth, TX 4
    • 3 beds 3 baths ∙ 2,272 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,272 Sqft ∙ Built 2005
    property image
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.77
    •  
PROPERTY LISTING DETAILS
Ashley Martinez
Jw Realty Partners
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500339
Last Updated: 01/15/2021
BESbswy