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1912 Kelly Street Fort Worth, TX 76008

3 Beds 2 Baths 1,119 sqft Built 2021

$185,000

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $165.33
  • 5 Days on Market
  • MLS # : 14494898
  • Updated Date : 01/05/2021 at 21:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,119 sqft
  • Baths : 2 full
Listing Agent

Nb Elite Realty

Listing Agent's Description

House by Monarca Homes Builder offers 10ry Structure warranty house will have Granite and Stainless Steel

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Ash Crescent

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $104k380k

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

Neighborhood: Ash Crescent

ZipNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9192738

* 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
Edward J. Briscoe Elementary School Primary Regular 474 30 4
Morningside Middle School Middle Regular 741 57 2
Polytechnic High School High Regular 1,188 86 2

Edward J. Briscoe Elementary School

  • Education Level: Primary
  • # of students: 474
  • # of teachers: 30
4
GreatSchools Rating

Morningside Middle School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 57
2
GreatSchools Rating

Polytechnic High School

  • Education Level: High
  • # of students: 1,188
  • # of teachers: 86
2
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$643
Property Tax -$313
Property Insurance -$92
Property Management Fees -$99
CASH FLOW
$44

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$185,000

PROJECTED PRICE

$1,190

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$51,025

INVESTMENT

$51,025

Down Payment
$46,250
Rehab Estimate
$2,000
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$643

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$12,429

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,175

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,1903$1,2954$1,3255$1,325
$1,325
RENT COMPS ANALYSIS
  • 1912 Kelly Street Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,119 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,119 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $1.06
    •  
  • 1255 E Davis Avenue Fort Worth, TX 1
    • 3 beds 1 baths ∙ 1,027 Sqft ∙ Built 2019 3 beds 1 baths ∙ 1,027 Sqft ∙ Built 2019
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.12
    •  
  • 1717 Ash Crescent Street Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 2019
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.06
    •  
  • 1929 Burchill Road Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 2019
    property image
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.01
    •  
  • 2204 Mitchell Boulevard Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 2019
    property image
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.01
    •  
PROPERTY LISTING DETAILS
Sergio Ramirez
Nb Elite Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494898
Last Updated: 01/05/2021
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