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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $138.08
- 4 Days on Market
- MLS # : 14477571
- Updated Date : 11/26/2020 at 09:02
CONSTRUCTION
- Beds : 3
- Floor Size : 1,883 sqft
- Baths : 2 full
Listing Agent
Jason Brooks Realty, Inc
Listing Agent's Description
Beautiful 3 bedroom 2 bath open concept home in Keller ISD. This beautiful home was built in 2017 and boast 2 living areas, granite counter tops, a wonderful kitchen island and tons of kitchen cabinet space. As well as update flooring , new ceiling fans, designated washroom, and two car garage. The house has wonderful closet space throughout and nice back yard with an over-sized concrete patio slab perfect for grilling , or just hanging out. The home also has access to community pools , and top rated schools with in the community. OPEN HOUSE FRIDAY 27th FROM 12-3pm. Come by and walk off all that Turkey and trot on over! No loan, no problem lending available .
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
Zip Code: 76131
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76131
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$596 | |
| Property Insurance | -$136 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$182
|
||
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.
$260,000
PROJECTED PRICE
$1,660
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$74,650
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
1.42
YEARS SAVED
$2,325
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,662
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
2360 Toposa Drive Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,883 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,883 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,660
- $0.88
-
2324 Canchim Street Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 2011
LEASED 12/05/19- Rent
- Rent Per SQFT
- $1,595
- $0.85
-
2425 Simmental Road Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 2016
LEASED 12/27/19- Rent
- Rent Per SQFT
- $1,600
- $0.91
-
2441 Barzona Drive Fort Worth, TX 4
- 3 beds 2 baths ∙ 1,941 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,941 Sqft ∙ Built 2016
LEASED 11/27/19- Rent
- Rent Per SQFT
- $1,695
- $0.87
-
2308 Bermont Red Lane Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,941 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,941 Sqft ∙ Built 2016
LEASED 04/20/20- Rent
- Rent Per SQFT
- $1,745
- $0.90
PROPERTY LISTING DETAILS
Jason Brooks Realty, Inc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14477571
Last Updated: 11/26/2020
