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1913 Rio Costilla Road Fort Worth, TX 76131

3 Beds 3 Baths 2,145 sqft Built 2018

$329,500

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $153.61
  • 7 Days on Market
  • MLS # : 14532780
  • Updated Date : 03/22/2021 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,145 sqft
  • Baths : 2 full , 1 half
Listing Agent

Wofford Realty

Listing Agent's Description

Just like new! Lennar's Magnolia floorplan. This wonderful open concept home includes a family room, kitchen with large island, stainless appliances, breakfast nook, a large formal dining room for entertaining, Split bedrooms, and a study or second living area is located at the front of the home. Smart home! Ring doorbell and Amazon Alexa equipment included with the home. Lots of windows make this home light and bright! Upgraded exterior with stone accents, nice patio with views of a greenbelt and no neighbors directly behind you. Measurements provided by builder floorplan and tax record and should be verified by buyer or buyer's agent.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76131

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.
 

$296,550$362,450$329,500

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,144
Property Tax -$755
Property Insurance -$151
HOA -$46
Property Management Fees -$99
CASH FLOW
-$436

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$329,500

PROJECTED PRICE

$1,760

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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

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$93,068

INVESTMENT

$93,068

Down Payment
$82,375
Rehab Estimate
$5,750
Closing Costs
$4,943

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,375
Loan Amount $247,125
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$20

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,000

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,745
1$1,7452$1,7603$1,8504$1,8955$2,100
$2,100
RENT COMPS ANALYSIS
  • 1913 Rio Costilla Road Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.82
    •  
  • 2308 Angoni Way Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,946 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,946 Sqft ∙ Built 2013
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.90
    •  
  • 6909 Cloudcroft Lane Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,095 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,095 Sqft ∙ Built 2015
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.88
    •  
  • 2321 Ankina Lane Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 2015
    LEASED 03/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.96
    •  
  • 1712 Rio Costilla Road Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2019
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.99
    •  
PROPERTY LISTING DETAILS
Kimberly Hays
Wofford Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532780
Last Updated: 03/22/2021
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