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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $146.60
- 4 Days on Market
- MLS # : 14511790
- Updated Date : 02/05/2021 at 14:38
CONSTRUCTION
- Beds : 4
- Floor Size : 1,807 sqft
- Baths : 2 full
Listing Agent
Re/max Trinity
Listing Agent's Description
WELL MAINTAINED - 4 BR-2 Bath Home Featuring OPEN CONCEPT With Vaulted Ceilings, Hand Scraped Hardwood Flrs, and Gas FP. Kitchen Features Granite Counter tops, SS Appliances, Gas Stv. Separate Utility Room. Conveniently Located In Highly Sought After Family Friendly Community of TEHAMA RIDGE - Walking Trails, Parks and NWISD SCHOOLS! Short Walking Distance to Elem School. HOA Amenities - Large Swimming Pool, Play Ground, Commuity Building, Basketball Ct, Pvt. Pond and Greenbelt. Is there MORE?..YES UPDATES! JUNE,2020 Installed NEW ROOF, CLASS 4 High Impact Shingles & NEW GUTTERS. Installed -2016 -6ft. Capped Fence w Metal Posts & Gate, Freshly Stained in 2020 MUST SEE! All measurements to be verified.
SEE MORE
- 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: Tehama Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tehama Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$920 |
| Property Tax | -$607 | |
| Property Insurance | -$132 | |
| HOA | -$34 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$82
|
||
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.
$264,900
PROJECTED PRICE
$1,710
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$75,949
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,225 |
| Loan Amount | $198,675 |
2.58
YEARS SAVED
$5,686
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,775
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
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2244 Frosted Willow Lane Fort Worth, TX 3
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- Rent
- Rent Per SQFT
- $1,710
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2037 Frosted Willow Lane Fort Worth, TX 1
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LEASED 07/09/20- Rent
- Rent Per SQFT
- $1,675
- $1.04
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2117 Carlotta Drive Fort Worth, TX 2
- 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 2006
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LEASED 11/30/20- Rent
- Rent Per SQFT
- $1,690
- $0.95
-
2305 Laurel Forest Drive Fort Worth, TX 4
- 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 2014
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LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.98
-
10421 Boxthorn Court Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2014
![property image]()
LEASED 08/07/20- Rent
- Rent Per SQFT
- $1,800
- $0.96
PROPERTY LISTING DETAILS
Re/max Trinity
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14511790
Last Updated: 02/05/2021
