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1961 Arroyo Verde Trail Fort Worth, TX 76131

4 Beds 3 Baths 2,310 sqft Built 2017

$369,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $159.74
  • 6 Days on Market
  • MLS # : 14521732
  • Updated Date : 02/26/2021 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,310 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Realtors/fm

Listing Agent's Description

Don't miss this amazing opportunity. This beautiful house is gonna go quick! Home is only 2 years old. This home features many upgrades, great floor plan with a large master downstairs and all the appliances included (water, dryer, refrigerator). This house can be a 4 or 5 bedroom house. The office has full walk in closet. The community offers many amenities. Buyer and Buyers Agent to verify all information

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

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
 

$332,100$405,900$369,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,282
Property Tax -$846
Property Insurance -$161
HOA -$45
Property Management Fees -$99
CASH FLOW
-$532

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.

$369,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.51%

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-$12k-$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$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,282

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$12

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,010

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8903$1,9004$1,9505$1,975
$1,975
RENT COMPS ANALYSIS
  • 1961 Arroyo Verde Trail Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
  • 2312 Angoni Way Fort Worth, TX 1
    • 3 beds 2 baths ∙ 2,192 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,192 Sqft ∙ Built 2013
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.80
    •  
  • 2324 Mirandesa Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 2015
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.87
    •  
  • 7716 Shorthorn Way Fort Worth, TX 4
    • 3 beds 2 baths ∙ 2,151 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,151 Sqft ∙ Built 2014
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
  • 2321 Senepol Way Fort Worth, TX 5
    • 3 beds 2 baths ∙ 2,204 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,204 Sqft ∙ Built 2015
    property image
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.90
    •  
PROPERTY LISTING DETAILS
Angie Graham
Ebby Halliday, Realtors/fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14521732
Last Updated: 02/26/2021
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