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2745 Cochran Way Fort Worth, TX 76108

3 Beds 2 Baths 1,288 sqft Built 2003

$245,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $190.22
  • 2 Days on Market
  • MLS # : 14527162
  • Updated Date : 03/06/2021 at 13:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,288 sqft
  • Baths : 2 full
Listing Agent

Century 21 Judge Fite Co.

Listing Agent's Description

THIS IS THE ONE YOU HAVE BEEN WAITING FOR - Charming 3-2 home with laminate flooring, ceramic tile, and carpet with an open floor plan & oversized master bedroom. The Living room with a stone wood-burning fireplace makes this home a joy for entertaining. Enjoy your kitchen with plenty of counter space for cooking. The master bedroom & bath features a walk-in closet, vanity, with a shower & bath combo. The secondary bedrooms offer plenty of living & storage space. Large backyard with an open patio with plenty of room for entertaining and little ones to run & play. Peaceful location while still a short commute to everything you could need.

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: Chapel Creek

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $101k243k

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

Neighborhood: Chapel 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
Waverly Park Elementary School Primary Regular 810 47 6
Leonard Middle School Middle Regular 741 50 3
Western Hills High School High Regular 1,236 94 3

Waverly Park Elementary School

  • Education Level: Primary
  • # of students: 810
  • # of teachers: 47
6
GreatSchools Rating

Leonard Middle School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 50
3
GreatSchools Rating

Western Hills High School

  • Education Level: High
  • # of students: 1,236
  • # of teachers: 94
3
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$851
Property Tax -$562
Property Insurance -$102
Property Management Fees -$99
CASH FLOW
-$193

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.

$245,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.9%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

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$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% 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 $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,210

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,420

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,4253$1,4504$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 2745 Cochran Way Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.10
    •  
  • 10220 Winkler Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 2003
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.11
    •  
  • 10204 Dallam Lane Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 2003
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.13
    •  
  • 10233 Dawson Trail Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 2001
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.11
    •  
  • 2504 Ensenada Lane Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 2002
    LEASED 02/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.06
    •  
PROPERTY LISTING DETAILS
Jan Miller
Century 21 Judge Fite Co.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14527162
Last Updated: 03/06/2021
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