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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chapel Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$70,675
LOAN DETAILS
$851
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
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
-
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
Century 21 Judge Fite Co.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14527162
Last Updated: 03/06/2021
