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2621 Calico Rock Drive Fort Worth, TX 76131

4 Beds 3 Baths 2,958 sqft Built 2003

$325,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $109.87
  • 4 Days on Market
  • MLS # : 14514155
  • Updated Date : 02/13/2021 at 21:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,958 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Open House on 2-14 CANCELLED due to inclement weather. Multiple living areas for the whole family including 2 living rooms and 2 dining rooms downstairs, plus a large gameroom up. Beautiful kitchen features granite counter tops, large island and walk-in pantry. Retreat to your private downstairs owner's suite with separate shower, jetted tub and dual sinks. Upstairs are 3 more large bedrooms & bath surrounding a spacious gameroom. Enjoy your favorite beverage under the covered porch, a leisurely nap on the hammock or take a cool dip in the nearby community pool. Buyer may qualify for up to $4000 in lender closing credits by using our preferred lender. Ask LA #2 for details.

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 Crossing of Fossil Creek

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: The Crossing of Fossil Creek

NeighborhoodNIR 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
Northbrook Elementary School Primary Regular 653 41 5
Prairie Vista Middle School Middle Regular 866 53 5
Saginaw High School High Regular 1,785 113 6

Northbrook Elementary School

  • Education Level: Primary
  • # of students: 653
  • # of teachers: 41
5
GreatSchools Rating

Prairie Vista Middle School

  • Education Level: Middle
  • # of students: 866
  • # of teachers: 53
5
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,129
Property Tax -$745
Property Insurance -$198
HOA -$33
Property Management Fees -$99
CASH FLOW
-$183

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.

$325,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.5%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,978

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,026

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$1,9504$2,0205$2,195
$2,195
RENT COMPS ANALYSIS
  • 2621 Calico Rock Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.68
    •  
  • 5831 Melanie Court Fort Worth, TX 1
    • 4 beds 4 baths ∙ 2,810 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,810 Sqft ∙ Built 2006
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.66
    •  
  • 2717 Gray Rock Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,991 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,991 Sqft ∙ Built 2003
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.63
    •  
  • 2709 Calico Rock Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,854 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,854 Sqft ∙ Built 2000
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.68
    •  
  • 2701 Gray Rock Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,848 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,848 Sqft ∙ Built 2003
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.77
    •  
PROPERTY LISTING DETAILS
Bruce Jowell
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514155
Last Updated: 02/13/2021
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