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2624 Twinflower Drive Fort Worth, TX 76244

3 Beds 2 Baths 1,846 sqft Built 2008

$270,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $146.26
  • 3 Days on Market
  • MLS # : 14541346
  • Updated Date : 03/26/2021 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,846 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Frisco Stars

Listing Agent's Description

Welcome home one of the most charming floor plans in The Villages of Woodland Springs. You're going to love spend time relaxing on the front porch while enjoying the pleasing sound of birds chirping. Inside the home you will find both formal dining and breakfast nook, a large kitchen with rich walnut colored cabinets, stainless steel appliances and granite counters, crown moulding throughout the living spaces, art niches and even multiple window seats. Located in the desirable Keller ISD, this home is conveniently located near the restaurants, retail and entertainment in the Alliance Corridor and is only a short ride to the Texas Motor Speedway.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Villages of Woodland Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Villages of Woodland Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
Caprock Elementary School Primary Regular 743 52 4
Timbercreek High School High Regular 2,957 160 8
Caprock Elementary School Primary Unknown NA

Caprock Elementary School

  • Education Level: Primary
  • # of students: 743
  • # of teachers: 52
4
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students: 2,957
  • # of teachers: 160
8
GreatSchools Rating

Caprock Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$938
Property Tax -$619
Property Insurance -$134
HOA -$50
Property Management Fees -$99
CASH FLOW
-$109

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.

$270,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,417

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,749

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6493$1,7304$1,8505$1,925
$1,925
RENT COMPS ANALYSIS
  • 2624 Twinflower Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.94
    •  
  • 3108 Spotted Owl Drive Fort Worth, TX 1
    • 3 beds 3 baths ∙ 1,789 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,789 Sqft ∙ Built 2006
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.89
    •  
  • 11920 Porcupine Drive Fort Worth, TX 2
    • 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2004
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.93
    •  
  • 11664 Cottontail Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 1,972 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,972 Sqft ∙ Built 2003
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
  • 2641 Sandcherry Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2009
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.03
    •  
PROPERTY LISTING DETAILS
Alicia Chmielewski
Keller Williams Frisco Stars
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14541346
Last Updated: 03/26/2021
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