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2112 Rolling Creek Run Fort Worth, TX 76108

4 Beds 3 Baths 1,935 sqft Built 1990

$220,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $113.70
  • 2 Days on Market
  • MLS # : 14473604
  • Updated Date : 11/21/2020 at 22:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,935 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Ftworth

Listing Agent's Description

Come see this beautiful, 4 bed, 3 full bath built on a corner lot in West of Fort Worth. A NEW ROOF WAS INSTALLED IN NOVEMBER OF 2020. THE HVAC SYSTEM WAS REPLACED IN MAY OF 2020. Laminate flooring in the living and hallways, tile in the kitchen and main entrance, carpet in the bedrooms. A large game room on the second floor, with a large walk-in closet. Easy access to I-30 and close to shopping centers and restaurants. A covered back porch in a spacious backyard ready for family gatherings and fun. Swing set will convey with the house as well as the fridge.

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

Neighborhood: Chapel Creek

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $101k243k

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

Neighborhood: Chapel Creek

NeighborhoodNIR 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
Waverly Park Elementary School Primary Regular 810 47 6
Leonard Middle School Middle Regular 741 50 3
Western Hills High School High Regular 1,236 94 3

Waverly Park Elementary School

  • Education Level: Primary
  • # of students: 810
  • # of teachers: 47
6
GreatSchools Rating

Leonard Middle School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 50
3
GreatSchools Rating

Western Hills High School

  • Education Level: High
  • # of students: 1,236
  • # of teachers: 94
3
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$812
Property Tax -$504
Property Insurance -$139
Property Management Fees -$99
CASH FLOW
$96

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.

$220,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.9%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$20,152

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,756

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,7004$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 2112 Rolling Creek Run Fort Worth, TX 2
    • 4 beds 3 baths ∙ 1,935 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,935 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 1153 Terrace View Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 2008
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
  • 10409 Sixpence Lane Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 2005
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.94
    •  
  • 2212 Halladay Trail Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 2010
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 2408 Nogales Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2002
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.88
    •  
PROPERTY LISTING DETAILS
Flor Alvarado
Keller Williams Realty Ftworth
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473604
Last Updated: 11/21/2020
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