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1820 Trego Drive Fort Worth, TX 76247

3 Beds 3 Baths 2,318 sqft Built 2007

$259,998

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
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.

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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: 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
 

$233,998$285,998$259,998

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

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

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

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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,649

INVESTMENT

$74,649

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $194,999
See What Happens When You Reinvest Cash Flow

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
$1,650
1$1,6502$1,6503$1,6904$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 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
Kerry Zamora
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 #: 14502977
Last Updated: 01/21/2021
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