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1912 Augustus Drive Fort Worth, TX 76120

4 Beds 3 Baths 2,243 sqft Built 2018

$345,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $153.81
  • 6 Days on Market
  • MLS # : 14468628
  • Updated Date : 11/11/2020 at 21:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,243 sqft
  • Baths : 3 full
Listing Agent

Fathom Realty Llc

Listing Agent's Description

MOVE IN READY and priced to sell! Exquisite home built in Gated Community with many UPGRADES THROUGHOUT! The home was built with plenty of features: Enclosed Study with French doors, Granite countertops, Large Kitchen Island, Tankless Water Heater, stand alone shower in main bath, a network center with security system, Covered Porch, smart thermostat, energy efficiency, updated flooring, sprinkler system and more. This incredible location is found within 10 miles of major Arlington attractions (Cowboys Stadium, Globe Life Field ballpark, Six Flags, Hurricane Harbor, etc.) and close to I-30 for quick access to commute.

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: 76120

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Zip Code: 76120

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,273
Property Tax -$791
Property Insurance -$157
HOA -$120
Property Management Fees -$99
CASH FLOW
-$450

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.

$345,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.8%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$50

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,856

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,9903$1,9954$1,9955$1,995
$1,995
RENT COMPS ANALYSIS
  • 1912 Augustus Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,243 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,243 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.89
    •  
  • 8136 Plateau Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,913 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,913 Sqft ∙ Built 2005
    LEASED 06/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
  • 8301 Flythe Mill Road Fort Worth, TX 3
    • 5 beds 4 baths ∙ 2,314 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,314 Sqft ∙ Built 2017
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.86
    •  
  • 2725 Gardendale Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2005
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.79
    •  
  • 1341 Cog Hill Drive Fort Worth, TX 5
    • 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 2007
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.80
    •  
PROPERTY LISTING DETAILS
Sergio Betancourt
Fathom Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14468628
Last Updated: 11/11/2020
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