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1821 Canterbury Circle Fort Worth, TX 76112

4 Beds 2 Baths 1,683 sqft Built 1999

$220,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $130.72
  • 1 Days on Market
  • MLS # : 14464120
  • Updated Date : 11/02/2020 at 22:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,683 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Urban Dallas

Listing Agent's Description

Beautiful home in Brentwood-Oak Hills. Stop by and see this well maintained 4 bedroom, 2 bath house. Private master suite, with walk-in closet, garden tub and separate shower, dining room with bay windows, extra large laundry room and large living room with wood burning fireplace. At night enjoy your spacious backyard and be amazed by the sunset. Large lot backs into green belt. Awesome location, close to 820 & I30. Absolutely a beautiful home. Any questions please text or call.

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: Brentwood-Oak Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Brentwood-Oak Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8391734

* 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
Eastern Hills Elementary School Primary Regular 644 38 4
Meadowbrook Middle School Middle Regular 584 45 4
Eastern Hills High School High Regular 1,215 96 2

Eastern Hills Elementary School

  • Education Level: Primary
  • # of students: 644
  • # of teachers: 38
4
GreatSchools Rating

Meadowbrook Middle School

  • Education Level: Middle
  • # of students: 584
  • # of teachers: 45
4
GreatSchools Rating

Eastern Hills High School

  • Education Level: High
  • # of students: 1,215
  • # of teachers: 96
2
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$812
Property Tax -$504
Property Insurance -$124
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 15% of earned rent to cover both maintenance and periods of vacancy.

$220,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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$800k

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$6,698

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,553

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,5503$1,5754$1,6255$1,695
$1,695
RENT COMPS ANALYSIS
  • 1821 Canterbury Circle Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,683 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,683 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.88
    •  
  • 1857 Lynnwood Hills Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2012
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 6800 Terbet Court Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2005
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.87
    •  
  • 1808 Lynnwood Hills Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2010
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.96
    •  
  • 816 Lombardy Court Fort Worth, TX 5
    • 4 beds 2 baths ∙ 1,838 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,838 Sqft ∙ Built 2000
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.92
    •  
PROPERTY LISTING DETAILS
Maryse Dunbar
Keller Williams Urban Dallas
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464120
Last Updated: 11/02/2020
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