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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $112.16
- 5 Days on Market
- MLS # : 14502977
- Updated Date : 01/21/2021 at 13:22
CONSTRUCTION
- Beds : 3
- Floor Size : 2,318 sqft
- Baths : 2 full , 1 half
Listing Agent
Century 21 Mike Bowman, Inc.
Listing Agent's Description
PRISTINE AND EXTREMELY WELL MAINTAINED 3 BEDROOM, 2.5 BATH HOME ON A SPACIOUS LOT IN SOUGHT AFTER NWISD'S HARRIET CREEK RANCH! FRESHLY PAINTED THROUGHOUT, NEWER CARPET AND WOOD – LIKE FLOORING. ALL BEDROOMS ARE OVERSIZED WITH SUBSTANTIAL CLOSETS. SECOND FLOOR GAME ROOM IS READY FOR ALL OF YOUR TOYS. BACKYARD FEATURES OPEN PATIO, STORAGE SHED AND PLENTY OF ROOM FOR THAT SPARKING POOL AND OUTDOOR KITCHEN. HOUSE IS CONVENIENTLY LOCATED NEAR THE TANGER OUTLETS, TEXAS MOTOR SPEEDWAY AND HAWAIIAN FALLS WATERPARK.
SEE MORE
- 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: Harriet Creek Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Harriet Creek Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$542 | |
| Property Insurance | -$161 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$40
|
||
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.
$259,998
PROJECTED PRICE
$1,690
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$74,649
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $65,000 |
| Loan Amount | $194,999 |
3.5
YEARS SAVED
$8,224
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,690
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,710
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
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1820 Trego Drive Fort Worth, TX 3
- 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $1,690
- $0.73
-
1816 Shasta View Drive Fort Worth, TX 1
- 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2006
![property image]()
LEASED 10/28/20- Rent
- Rent Per SQFT
- $1,650
- $0.71
-
1840 Ramada Trail Fort Worth, TX 2
- 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2004
![property image]()
LEASED 12/14/20- Rent
- Rent Per SQFT
- $1,650
- $0.71
-
1828 Diamond Lake Trail Fort Worth, TX 4
- 3 beds 3 baths ∙ 2,136 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,136 Sqft ∙ Built 2007
![property image]()
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,700
- $0.80
-
1929 Shasta View Drive Fort Worth, TX 5
- 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2006
![property image]()
LEASED 09/27/20- Rent
- Rent Per SQFT
- $1,700
- $0.73
PROPERTY LISTING DETAILS
Century 21 Mike Bowman, Inc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14502977
Last Updated: 01/21/2021
