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1805 Potrillo Lane Fort Worth, TX 76131

3 Beds 2 Baths 1,582 sqft Built 2013

$242,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $153.54
  • 3 Days on Market
  • MLS # : 14489678
  • Updated Date : 01/15/2021 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,582 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Keller

Listing Agent's Description

This DR Horton features 3 generous sized bedrooms, 2 full bathrooms, New Carpet, Fresh paint, separate laundry room, bay window and an abundance of natural light. Master bathroom features separate garden tub and shower, dual sinks, and a generous walk in closet. This kitchen is a dream with gas stove, breakfast bar overlooking the family room, pantry, and lots of counter space. Other amenities include ceiling fans in every room, upgraded tile flooring, and surround sound wiring in the family room.

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: 76131

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Chisholm Ridge Elementary School Primary Regular 651 37 5
Highland Middle School Middle Regular 815 54 7
Saginaw High School High Regular 1,785 113 6

Chisholm Ridge Elementary School

  • Education Level: Primary
  • # of students: 651
  • # of teachers: 37
5
GreatSchools Rating

Highland Middle School

  • Education Level: Middle
  • # of students: 815
  • # of teachers: 54
7
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$218,610$267,190$242,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$844
Property Tax -$557
Property Insurance -$119
HOA -$31
Property Management Fees -$99
CASH FLOW
-$59

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$242,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,119

INVESTMENT

$70,119

Down Payment
$60,725
Rehab Estimate
$5,750
Closing Costs
$3,644

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$844

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,725
Loan Amount $182,175
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$6,220

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,578

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,6003$1,6004$1,6455$1,650
$1,650
RENT COMPS ANALYSIS
  • 1805 Potrillo Lane Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $1.01
    •  
  • 1741 Kachina Lodge Road Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 2015
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
  • 1845 Capulin Road Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2013
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.95
    •  
  • 2405 Gelbray Place Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 2013
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.01
    •  
  • 2400 Gelbray Place Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 2013
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
PROPERTY LISTING DETAILS
Sukhdip Kaur
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 #: 14489678
Last Updated: 01/15/2021
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