Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2717 Twinflower Drive Fort Worth, TX 76244

4 Beds 3 Baths 2,420 sqft Built 2009

$344,999

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $142.56
  • 4 Days on Market
  • MLS # : 14497957
  • Updated Date : 01/15/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,420 sqft
  • Baths : 2 full , 1 half
Listing Agent

Top Hat Realty Group, Lp

Listing Agent's Description

Gorgeous two story hitting the market this week! Wood floors, fresh paint, spacious bedrooms, with walk in closets, and bonus room upstairs! Large kitchen boasts granite counters and SS appliances. This one is completely move in ready and will charm you from the moment you step foot through the front door. Within walking distance of community pools, schools, parks, playgrounds, and more!! This one won't last!! PICS TO COME!

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: 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
Trinity Meadows Intermediate School Primary Regular 988 58 7
Trinity Springs Middle School Middle Regular 1,061 62 8
Timbercreek High School High Regular 2,957 160 8

Trinity Meadows Intermediate School

  • Education Level: Primary
  • # of students: 988
  • # of teachers: 58
7
GreatSchools Rating

Trinity Springs Middle School

  • Education Level: Middle
  • # of students: 1,061
  • # of teachers: 62
8
GreatSchools Rating

Timbercreek High School

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

$310,499$379,499$344,999

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,198
Property Tax -$791
Property Insurance -$167
HOA -$41
Property Management Fees -$99
CASH FLOW
-$166

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.

$344,999

PROJECTED PRICE

$2,130

PROJECTED RENT

0.62%

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$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$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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,749
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$4,365

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,972

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8503$1,9504$1,9955$2,130
$2,130
RENT COMPS ANALYSIS
  • 2717 Twinflower Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.88
    •  
  • 11608 Bobcat Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2003
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.78
    •  
  • 2713 Mountain Lion Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,395 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,395 Sqft ∙ Built 2004
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.77
    •  
  • 2944 Hollow Valley Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,269 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,269 Sqft ∙ Built 2005
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.86
    •  
  • 2853 Houston Wood Drive Fort Worth, TX 4
    • 4 beds 4 baths ∙ 2,360 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,360 Sqft ∙ Built 2012
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
PROPERTY LISTING DETAILS
Tammy Melendez
Top Hat Realty Group, Lp
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497957
Last Updated: 01/15/2021
BESbswy