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1732 Star Fleet Drive Fort Worth, TX 76052

4 Beds 2 Baths 1,834 sqft Built 2021

$267,350

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $145.77
  • 2 Days on Market
  • MLS # : 14471454
  • Updated Date : 11/14/2020 at 02:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,834 sqft
  • Baths : 2 full
Listing Agent

Century 21 Mike Bowman, Inc.

Listing Agent's Description

EXCITING NORTHSTAR MASTER PLANNED COMMUNITY in NORTH FORT WORTH & NORTHWEST ISD!!~BUILT BY D.R. HORTON-AMERICAS BUILDER~Open concept 4-2-2 Portales Floorplan(Elev D)~Spacious Living,Dining & Kitchen with Seating Island ,Granite Countertops, tiled back splash,SS Appliances,gas Range & walk-in Pantry* Primary Bedroom with dual sink Vanity,separate oversized walk-in Shower & big W-I Closet with built-ins*Covered back Patio*Wood Look Tiled Entry,Hallways & wet areas*Home is Connected Smart Home Technology,6 ft fenced backyard,Landscape Pkg,Sprinkler System,Pest defense system & more!*Residents will enjoy Amenity Center with Game Rooms & Event Space,Splash Pad,multiple Pools,Playgrounds & Soccer Field & more!

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: Sendera Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $100k336k

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

Neighborhood: Sendera Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Sendera Ranch Elementary School Primary Regular 599 37 8
Truett Wilson Middle School Middle Unknown 844 58 NA

Sendera Ranch Elementary School

  • Education Level: Primary
  • # of students: 599
  • # of teachers: 37
8
GreatSchools Rating

Truett Wilson Middle School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 58
NA
GreatSchools Rating
 

$240,615$294,085$267,350

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$986
Property Tax -$613
Property Insurance -$133
HOA -$21
Property Management Fees -$99
CASH FLOW
-$212

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.

$267,350

PROJECTED PRICE

$1,640

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 3.00%
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-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,848

INVESTMENT

$72,848

Down Payment
$66,838
Rehab Estimate
$2,000
Closing Costs
$4,010

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$986

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,838
Loan Amount $200,513
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,791

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,761

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,640
1$1,6402$1,6993$1,7004$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 1732 Star Fleet Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 2021 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.89
    •  
  • 1261 Kachina Lane Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2009
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.92
    •  
  • 14105 Rodeo Daze Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 2006
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.95
    •  
  • 1353 Zanna Grace Way Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 2011
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.99
    •  
  • 1448 Dun Horse Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2010
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
PROPERTY LISTING DETAILS
Carol Holloway Stoneham
Century 21 Mike Bowman, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471454
Last Updated: 11/14/2020
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