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2419 Portwood Way Fort Worth, TX 76179

3 Beds 3 Baths 3,206 sqft Built 2019

$519,500

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $162.04
  • 3 Days on Market
  • MLS # : 14464271
  • Updated Date : 11/06/2020 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,206 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Ftworth

Listing Agent's Description

Beautiful custom home in The Resort on Eagle Mountain Lake. Stunning view from this golf course lot. Hardwood floors in the main living area. The open floor design is perfect for entertaining. Beautiful granite in the kitchen. You will be ready for the holidays with the 5 burner gas cooktop and double ovens. Custom beverage cabinet. The home features a large primary bedroom with a stunning ensuite and walk-in closet. French doors open into the study. Enjoy your morning coffee on your back covered patio or on your second level balcony. Custom window coverings throughout. Gated community with golf course, pool, clubhouse, and lake access. So much to see! Schools and sq footage to be verified by buyers.

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

Neighborhood: The Resort on Eagle Mountain Lake

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $104k436k

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

Neighborhood: The Resort on Eagle Mountain Lake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9192772

* 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
Eagle Mountain Elementary School Primary Regular 583 32 6
Wayside Middle School Middle Regular 943 52 6
Boswell High School High Regular 1,605 106 7

Eagle Mountain Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 32
6
GreatSchools Rating

Wayside Middle School

  • Education Level: Middle
  • # of students: 943
  • # of teachers: 52
6
GreatSchools Rating

Boswell High School

  • Education Level: High
  • # of students: 1,605
  • # of teachers: 106
7
GreatSchools Rating
 

$467,550$571,450$519,500

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,917
Property Tax -$1,191
Property Insurance -$212
HOA -$150
Property Management Fees -$99
CASH FLOW
-$1,089

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$519,500

PROJECTED PRICE

$2,480

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 3.1%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$139,668

INVESTMENT

$139,668

Down Payment
$129,875
Rehab Estimate
$2,000
Closing Costs
$7,793

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,917

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $129,875
Loan Amount $389,625
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$65

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $3,623

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,480
1$2,4802$3,850
$3,850
RENT COMPS ANALYSIS
  • 2419 Portwood Way Fort Worth, TX 1
    • 3 beds 3 baths ∙ 3,206 Sqft ∙ Built 2019 3 beds 3 baths ∙ 3,206 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.77
    •  
  • 6004 The Resort Boulevard Fort Worth, TX 2
    • 4 beds 4 baths ∙ 3,406 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,406 Sqft ∙ Built 2012
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.13
    •  
PROPERTY LISTING DETAILS
Diana Mcdowell
Keller Williams Realty Ftworth
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464271
Last Updated: 11/06/2020
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