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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $182.61
- 7 Days on Market
- MLS # : 14515439
- Updated Date : 02/08/2021 at 21:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,731 sqft
- Baths : 2 full
Listing Agent
Meritage Homes Realty
Listing Agent's Description
Brand NEW energy-efficient home ready May 2021! Unwind in the Callaghan plan private main floor primary suite, complete with a sizeable walk-in closet. Modern linen cabinets, ash quartz counters, grey hexagonal tile, light gray carpet, and ivory oak vinyl plank in our Elegant package. Turn the kids loose at neighboring Chuck Silcox playground or enjoy a round at Leonard Links. Located minutes from the Fort Worth stockyards, Chapin Village is just a short drive to employment centers, dining, and entertainment. Known for their energy-efficient features, our homes help you live a healthier and quieter lifestyle while saving thousands of dollars on utility bills.
SEE MORE
- . 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
Zip Code: 76108
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76108
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
Sorry, we do not have sufficient school data for this neighborhood.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,760 |
| EXPENSES | Loan Payment | -$1,098 |
| Property Tax | -$725 | |
| Property Insurance | -$127 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$316
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$316,092
PROJECTED PRICE
$1,760
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 7.7% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.69% |
| 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
$85,764
LOAN DETAILS
$1,098
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $79,023 |
| Loan Amount | $237,069 |
0.42
YEARS SAVED
$347
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,727
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
2800 Andesite Lane Fort Worth, TX 5
- 4 beds 2 baths ∙ 1,731 Sqft ∙ Built 2021 4 beds 2 baths ∙ 1,731 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $1,760
- $1.02
-
2521 Nogales Drive Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 2001
![property image]()
LEASED 03/05/20- Rent
- Rent Per SQFT
- $1,550
- $1.00
-
2736 Briscoe Drive Fort Worth, TX 2
- 4 beds 2 baths ∙ 1,634 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,634 Sqft ∙ Built 2003
![property image]()
LEASED 03/31/20- Rent
- Rent Per SQFT
- $1,595
- $0.98
-
2808 Wakecrest Drive Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2005
![property image]()
LEASED 10/30/20- Rent
- Rent Per SQFT
- $1,625
- $1.06
-
2212 Halladay Trail Fort Worth, TX 4
- 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 2010
![property image]()
LEASED 10/12/20- Rent
- Rent Per SQFT
- $1,750
- $0.95
PROPERTY LISTING DETAILS
Meritage Homes Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14515439
Last Updated: 02/08/2021
