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2360 Toposa Drive Fort Worth, TX 76131

3 Beds 2 Baths 1,883 sqft Built 2017

$260,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
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

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: 76131

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Chisolm Trail Intermediate School Primary Regular 883 58 5
Fossil Hill Middle School Middle Regular 918 66 6
Fossil Ridge High School High Regular 2,308 133 7

Chisolm Trail Intermediate School

  • Education Level: Primary
  • # of students: 883
  • # of teachers: 58
5
GreatSchools Rating

Fossil Hill Middle School

  • Education Level: Middle
  • # of students: 918
  • # of teachers: 66
6
GreatSchools Rating

Fossil Ridge High School

  • Education Level: High
  • # of students: 2,308
  • # of teachers: 133
7
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

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
$1,595
1$1,5952$1,6003$1,6604$1,6955$1,745
$1,745
RENT COMPS ANALYSIS
  • 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
Kenneth Gutierrez
Jason Brooks Realty, Inc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477571
Last Updated: 11/26/2020
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