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1737 Rialto Way Fort Worth, TX 76247

4 Beds 3 Baths 2,916 sqft Built 2005

$280,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $96.02
  • 6 Days on Market
  • MLS # : 14463534
  • Updated Date : 11/07/2020 at 02:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,916 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp And Associates Keller

Listing Agent's Description

This corner lot is in the desirable Harriet Creek Ranch subdivision! This home has lots of updates and space. New HVAC installed in 2018. Privacy fence redone in 2018, new floors in master bedroom. Granite counter tops in the kitchen and bathrooms. House is conveniently located near the Tanger outlets, Texas motor speedway and Hawaiian Falls waterpark.

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: 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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,033
Property Tax -$583
Property Insurance -$196
HOA -$22
Property Management Fees -$99
CASH FLOW
-$113

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.

$280,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.65%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,461

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $1,866

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$1,8204$1,8955$1,895
$1,895
RENT COMPS ANALYSIS
  • 1737 Rialto Way Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,916 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,916 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.62
    •  
  • 16621 Windthorst Way Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 2006
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.67
    •  
  • 1812 Elk Lake Trail Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,916 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,916 Sqft ∙ Built 2006
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.62
    •  
  • 1937 Copper Mountain Drive Justin, TX 4
    • 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 2004
    property image
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.65
    •  
  • 1456 Amazon Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 3,074 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,074 Sqft ∙ Built 2007
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.62
    •  
PROPERTY LISTING DETAILS
Monica Caressimo
Jp And Associates Keller
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463534
Last Updated: 11/07/2020
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