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2374 Stagecoach Street Fort Worth, TX 76133

4 Beds 2 Baths 1,903 sqft Built 2000

$244,900

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $128.69
  • 4 Days on Market
  • MLS # : 14511903
  • Updated Date : 02/05/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,903 sqft
  • Baths : 2 full
Listing Agent

Sixteen100 Realty, Llc

Listing Agent's Description

Must See!!!! This lovely home will not last long. This well maintained 4 bedroom 2 bath home features formal dining and nook area, 2 living areas, a large eat-in kitchen and a open floor plan. This beautiful home has no carpet, it has ceramic tile throughout. Conveniently located just south of downtown Fort Worth and major highways.

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

Neighborhood: South Meadows Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $83k243k

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

Neighborhood: South Meadows Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8011734

* 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
Meadowcreek Elementary School Primary Regular 695 42 2
Crowley Middle School Middle Regular 615 45 4
North Crowley High School High Regular 2,442 148 4

Meadowcreek Elementary School

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 42
2
GreatSchools Rating

Crowley Middle School

  • Education Level: Middle
  • # of students: 615
  • # of teachers: 45
4
GreatSchools Rating

North Crowley High School

  • Education Level: High
  • # of students: 2,442
  • # of teachers: 148
4
GreatSchools Rating
 

$220,410$269,390$244,900

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$851
Property Tax -$561
Property Insurance -$137
Property Management Fees -$99
CASH FLOW
-$18

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.

$244,900

PROJECTED PRICE

$1,630

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 12.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,649

INVESTMENT

$70,649

Down Payment
$61,225
Rehab Estimate
$5,750
Closing Costs
$3,674

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,225
Loan Amount $183,675
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$8,413

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,630

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,584

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5503$1,5954$1,6305$1,650
$1,650
RENT COMPS ANALYSIS
  • 2374 Stagecoach Street Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,903 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,903 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.86
    •  
  • 2716 Clovermeadow Drive Fort Worth, TX 1
    • 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 1989
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.87
    •  
  • 7421 Laurelhill Court Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 1995
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.79
    •  
  • 6417 Peggy Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1985
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.86
    •  
  • 2409 Hawkwood Court Fort Worth, TX 5
    • 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 2005
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
PROPERTY LISTING DETAILS
Arnaldo Rivera
Sixteen100 Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14511903
Last Updated: 02/05/2021
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