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2132 Benning Way Fort Worth, TX 76177

3 Beds 3 Baths 2,840 sqft Built 2006

$290,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $102.11
  • 3 Days on Market
  • MLS # : 14509448
  • Updated Date : 02/06/2021 at 18:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,840 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Fall in love with this remodeled home in highly desirable NWISD with wonderful touches throughout! You will love the huge kitchen newly remodeled with tons of storage upgrades, attached butlers pantry, farmhouse sink. The open floorplan offers the ultimate in flexibility. First floor boasts a private office, oversized living open to the kitchen with breakfast nook, and dining room that could be third living. Upstairs you will find a massive gameroom, and walkin closets in every bedroom. The updated master bath features double vanities, garden tub, marble tile and shower. New flooring and fixtures throughout the home. New roof, AC and pergola in 2020! Smart home alarm with app, wifi thermst, low utility bills.

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: 76177

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Zip Code: 76177

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
O.a. Peterson Elementary School Primary Regular 770 48 6
John M. Tidwell Middle School Middle Regular 1,048 65 8
Byron Nelson High School High Regular 2,552 147 8

O.a. Peterson Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 48
6
GreatSchools Rating

John M. Tidwell Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 65
8
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,007
Property Tax -$665
Property Insurance -$191
HOA -$21
Property Management Fees -$99
CASH FLOW
$117

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$290,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$20,611

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,357

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,1003$2,3504$2,5455$2,650
$2,650
RENT COMPS ANALYSIS
  • 2132 Benning Way Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,840 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,840 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.74
    •  
  • 2101 Franks Street Fort Worth, TX 1
    • 3 beds 3 baths ∙ 2,657 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,657 Sqft ∙ Built 2007
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.70
    •  
  • 9328 San Tejas Drive Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,789 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,789 Sqft ∙ Built 2014
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.84
    •  
  • 2316 Gutierrez Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,934 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,934 Sqft ∙ Built 2015
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,545
    • $0.87
    •  
  • 9909 Tule Lake Road Fort Worth, TX 5
    • 4 beds 4 baths ∙ 2,903 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,903 Sqft ∙ Built 2017
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.91
    •  
PROPERTY LISTING DETAILS
Sarah Boggus
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509448
Last Updated: 02/06/2021
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