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1933 Velarde Road Fort Worth, TX 76131

4 Beds 2 Baths 1,837 sqft Built 2016

$279,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $151.88
  • 5 Days on Market
  • MLS # : 14484198
  • Updated Date : 12/16/2020 at 09:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,837 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Realtors

Listing Agent's Description

Looking for a home with plenty of upgrades ? Built in 2016. HARDWOOD floors throughout, with the exception of the FOUR bedrooms. Open design features 4BR, 2BA, DAG. Kitchen features granite countertops, room for barstools, gas stove with exhaust fan venting to exterior. Drapes to convey. Covered patio in backyard, with small decorative pond. Move in ready!

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

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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Chisholm Ridge Elementary School Primary Regular 651 37 5
Highland Middle School Middle Regular 815 54 7
Saginaw High School High Regular 1,785 113 6

Chisholm Ridge Elementary School

  • Education Level: Primary
  • # of students: 651
  • # of teachers: 37
5
GreatSchools Rating

Highland Middle School

  • Education Level: Middle
  • # of students: 815
  • # of teachers: 54
7
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,029
Property Tax -$640
Property Insurance -$133
HOA -$35
Property Management Fees -$99
CASH FLOW
-$136

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.

$279,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.65%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,177

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,819

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6953$1,8004$1,8705$1,995
$1,995
RENT COMPS ANALYSIS
  • 1933 Velarde Road Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,837 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,837 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
  • 1845 Capulin Road Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2013
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.95
    •  
  • 1812 Potrillo Lane Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2013
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.97
    •  
  • 1913 Capulin Road Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 2013
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $1.03
    •  
  • 7104 Truchas Peak Trail Fort Worth, TX 5
    • 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 2014
    property image
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.01
    •  
PROPERTY LISTING DETAILS
Peter Truong
Jp And Associates Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484198
Last Updated: 12/16/2020
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