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2364 Toposa Drive Fort Worth, TX 76131

3 Beds 2 Baths 1,829 sqft Built 2017

$249,500

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $136.41
  • 5 Days on Market
  • MLS # : 14461513
  • Updated Date : 10/30/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,829 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty, Llc

Listing Agent's Description

Step into your one story home located in the exemplary Keller ISD and West Fork Ranch. Entertain family & friends in this open concept home with tons of light shining in through the custom window treatments. Beautiful open Kitchen to the living room with granite countertops. Neutral colors throughout, rounded sheetrock corners & an office to work in or convert into a 4th bed. In the Summer enjoy your covered patio in the backyard, comm. pools, splash pads for the kids, biking trails or enjoy a walk to the dog park. There is something for everyone!! After relax in your master bedroom soak into a warm bath in your garden tub! BONUS- nest thermostat, gutters & sprinkler system!

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: 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
 

$224,550$274,450$249,500

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$921
Property Tax -$572
Property Insurance -$133
HOA -$52
Property Management Fees -$99
CASH FLOW
-$66

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.

$249,500

PROJECTED PRICE

$1,710

PROJECTED RENT

0.69%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,868

INVESTMENT

$71,868

Down Payment
$62,375
Rehab Estimate
$5,750
Closing Costs
$3,743

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$921

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,375
Loan Amount $187,125
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$7,725

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
  • $0.93

    LIST RENT PER SQFT
  • $1,710

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6953$1,7004$1,7105$1,745
$1,745
RENT COMPS ANALYSIS
  • 2364 Toposa Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.93
    •  
  • 2425 Simmental Road Fort Worth, TX 1
    • 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
    •  
  • 2417 Simmental Road Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 2016
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.00
    •  
  • 7525 Charbray Road Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 2015
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 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
Esmeralda Coplin
Fathom Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461513
Last Updated: 10/30/2020
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