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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $127.72
- 3 Days on Market
- MLS # : 14507945
- Updated Date : 02/04/2021 at 23:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,623 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Trinity
Listing Agent's Description
GREAT home located in NWISD in the family friendly community of Tehama Ridge! FABULOUS and very popular floor plan! 3 CAR GARAGE! Welcoming entryway with formal dining and beautifully updated kitchen featuring granite, stainless steel appliances and gas cook top! Plenty of storage space! Neutral paint in main living areas, GORGEOUS hand scraped hardwood flooring and unique trim details! Oversized master suite down featuring garden tub and nice walk in closet! All secondary bedrooms up with game room plus MEDIA ROOM! Private ponds, walking paths and community park right around the corner! Walking distance to elementary school! Fun family events all year round in this great community! HOME awaits!
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 | $2,150 |
| EXPENSES | Loan Payment | -$1,164 |
| Property Tax | -$768 | |
| Property Insurance | -$179 | |
| HOA | -$34 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$93
|
||
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.
$335,000
PROJECTED PRICE
$2,150
PROJECTED RENT
0.64%
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
$94,525
LOAN DETAILS
$1,164
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
2.75
YEARS SAVED
$7,566
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,150
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$2,216
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
2268 Laurel Forest Drive Fort Worth, TX 3
- 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 2009
- Rent
- Rent Per SQFT
- $2,150
- $0.82
-
2217 Frosted Willow Lane Fort Worth, TX 1
- 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 2009
LEASED 05/20/20- Rent
- Rent Per SQFT
- $1,975
- $0.83
-
9832 Gallatin Lane Fort Worth, TX 2
- 4 beds 2 baths ∙ 2,455 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,455 Sqft ∙ Built 2005
LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,995
- $0.81
-
9821 Gallatin Fort Worth, TX 4
- 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2005
LEASED 08/19/20- Rent
- Rent Per SQFT
- $2,250
- $0.88
-
2124 Stoney Gorge Fort Worth, TX 5
- 4 beds 3 baths ∙ 2,608 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,608 Sqft ∙ Built 2009
LEASED 01/28/21- Rent
- Rent Per SQFT
- $2,250
- $0.86
PROPERTY LISTING DETAILS
Re/max Trinity
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14507945
Last Updated: 02/04/2021
