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1820 Little Deer Lane Fort Worth, TX 76131

4 Beds 3 Baths 2,372 sqft Built 2005

$265,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $111.72
  • 2 Days on Market
  • MLS # : 14475498
  • Updated Date : 11/21/2020 at 04:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,372 sqft
  • Baths : 2 full , 1 half
Listing Agent

Solid Real Estate Services

Listing Agent's Description

Welcome to Chisholm Ridge, one of the most welcoming and safe communities with some of the best schools in the DFW region! This contemporary 2-story home has four bedrooms including a ground floor master bedroom. Three bedrooms are upstairs with a loft area to use for recreation or entertainment or home office space. Roof is newer and the fence is new. Landscaping was professionally installed including irrigation. The HOA is a reasonable $400 annually billed quarterly with two pools areas which include grills for outdoor gatherings. The community is close to several shopping and entertainment areas with easy access to Hwy 287 and I-35w. Come by and look at this well-priced home that is ready for you!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Chisholm Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Chisholm Ridge

NeighborhoodNIR 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
 

$238,500$291,500$265,000

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 -$978
Property Tax -$607
Property Insurance -$164
HOA -$33
Property Management Fees -$99
CASH FLOW
-$62

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.

$265,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.9%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$8,721

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
  • $0.77

    LIST RENT PER SQFT
  • $1,815

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,785
1$1,7852$1,7953$1,8004$1,8205$1,845
$1,845
RENT COMPS ANALYSIS
  • 1820 Little Deer Lane Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,372 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,372 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.77
    •  
  • 1801 White Feather Lane Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2005
    property image
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.75
    •  
  • 1720 Desperado Road Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2007
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.76
    •  
  • 8532 Cactus Flower Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2002
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.79
    •  
  • 8405 Prairie Dawn Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2002
    property image
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.76
    •  
PROPERTY LISTING DETAILS
Tony Perez
Solid Real Estate Services
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475498
Last Updated: 11/21/2020
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