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2205 Domingo Drive Fort Worth, TX 76008

4 Beds 3 Baths 3,019 sqft Built 2020

$482,297

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $159.75
  • 6 Days on Market
  • MLS # : 14515576
  • Updated Date : 02/12/2021 at 16:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,019 sqft
  • Baths : 3 full
Listing Agent

David M. Weekley

Listing Agent's Description

NEW David Weekley Home! This Fantastic 2 story “Pin Oak” plan features a Craftsman Style front elevation and is located on a PRIME homesite with lots of yard space and walking distance to the Lake. Your covered porches are perfect for entertaining your guests or enjoying the sunset. The Owner’s Bathroom hosts a super shower accompanied by a large walk in closet space. You will have tons of room to entertain your family and friends around the oversized kitchen island with an open view to the family room. Media room for Movie Night! The kitchen features stainless steel appliance, quartz countertops, and custom cabinetry.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 76008

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $104k380k

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

Zip Code: 76008

ZipNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9192738

* 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
Stuard Elementary School Primary Regular 531 30 9
Aledo Middle School Middle Regular 804 47 9
Aledo High School High Regular 1,193 72 7

Stuard Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 30
9
GreatSchools Rating

Aledo Middle School

  • Education Level: Middle
  • # of students: 804
  • # of teachers: 47
9
GreatSchools Rating

Aledo High School

  • Education Level: High
  • # of students: 1,193
  • # of teachers: 72
7
GreatSchools Rating
 

$434,067$530,527$482,297

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$1,675
Property Tax -$1,080
Property Insurance -$195
HOA -$199
Property Management Fees -$99
CASH FLOW
-$518

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.

$482,297

PROJECTED PRICE

$2,730

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 3.00%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$129,809

INVESTMENT

$129,809

Down Payment
$120,574
Rehab Estimate
$2,000
Closing Costs
$7,234

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,675

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $120,574
Loan Amount $361,723
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$221

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,730

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,795

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5503$2,7304$2,8005$2,995
$2,995
RENT COMPS ANALYSIS
  • 2205 Domingo Drive Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,904 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,904 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $0.94
    •  
  • 713 Westgate Drive Aledo, TX 1
    • 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2015
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
  • 208 Welch Folly Lane Aledo, TX 2
    • 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2018
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.96
    •  
  • 14833 Complacent Way Aledo, TX 4
    • 4 beds 4 baths ∙ 2,878 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,878 Sqft ∙ Built 2019
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.97
    •  
  • 116 Regal Ridge Annetta, TX 5
    • 4 beds 3 baths ∙ 3,170 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,170 Sqft ∙ Built 2005
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.94
    •  
PROPERTY LISTING DETAILS
Jimmy Rado
David M. Weekley
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14515576
Last Updated: 02/12/2021
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