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2025 Forest Bluff Trail Azle, TX 76020

3 Beds 2 Baths 2,015 sqft Built 2021

$380,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $188.59
  • 5 Days on Market
  • MLS # : 14524712
  • Updated Date : 03/03/2021 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,015 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Fort Worth

Listing Agent's Description

Here's your chance to own a home built by Parker counties Premier Custom builder without waiting months for completion. This quality built 3 bed 2 bath 3 car garage home has everything you are looking for in a new home. Complete with beautiful wood tile look throughout the foyer, office, living area kitchen and bathrooms. Kitchen features painted cabinets, granite countertops, subway tile backsplash and whirlpool SS appliances. You will love this open living area with vaulted ceilings, knotty alder beam and a large stone fireplace. The master suite features dual vanities, a huge walk-in shower, stand alone tub and granite counter tops. Foam insulation in the attic. Located in the county with no HOA!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 76020

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Zip Code: 76020

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9121734

* 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
Cross Timbers Elementary School Primary Regular 509 30 7
Forte Junior High School Middle Regular 448 28 5
Azle High School High Regular 1,742 107 7

Cross Timbers Elementary School

  • Education Level: Primary
  • # of students: 509
  • # of teachers: 30
7
GreatSchools Rating

Forte Junior High School

  • Education Level: Middle
  • # of students: 448
  • # of teachers: 28
5
GreatSchools Rating

Azle High School

  • Education Level: High
  • # of students: 1,742
  • # of teachers: 107
7
GreatSchools Rating
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,320
Property Tax -$647
Property Insurance -$144
Property Management Fees -$99
CASH FLOW
-$340

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.

$380,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 3.00%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,700

INVESTMENT

$102,700

Down Payment
$95,000
Rehab Estimate
$2,000
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,167

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,909

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6903$1,7504$1,8505$1,870
$1,870
RENT COMPS ANALYSIS
  • 2025 Forest Bluff Trail Azle, TX 5
    • 3 beds 2 baths ∙ 2,015 Sqft ∙ Built 2021 3 beds 2 baths ∙ 2,015 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.93
    •  
  • 108 Tall Meadow Street Azle, TX 1
    • 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 2015
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.92
    •  
  • 145 Bridlewood Street Azle, TX 2
    • 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2015
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.92
    •  
  • 653 Cameron Way Azle, TX 3
    • 4 beds 2 baths ∙ 1,807 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,807 Sqft ∙ Built 2016
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
  • 120 Bridlewood Street Azle, TX 4
    • 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 2015
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.98
    •  
PROPERTY LISTING DETAILS
Chris Reeves
Jp And Associates Fort Worth
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14524712
Last Updated: 03/03/2021
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