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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $121.18
- 3 Days on Market
- MLS # : 14504437
- Updated Date : 01/29/2021 at 17:11
CONSTRUCTION
- Beds : 3
- Floor Size : 1,898 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty Frisco
Listing Agent's Description
You will love coming home to this darling residence gently nestled on a great size lot in the heart of the metroplex offering an easy access to major thoroughfares and close proximity to Arlington Entertainment District, downtown Fort Worth & DFW airport. Picture perfect curb appeal with inviting front porch. The floorplan is opulently spacious and flows effortlessly boasting a handsome office tucked behind french doors upon entrance. Fabulous chef & entertainer's delight kitchen comes equipped with SS appliances & large island that opens to dining & living areas making it a favorite gathering place for all. Master Retreat with lovely bath incl soaking tub, shower & dual sinks. Covered patio. Private lot!
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
Neighborhood: The Bluffs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Bluffs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$799 |
| Property Tax | -$527 | |
| Property Insurance | -$137 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$173
|
||
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.
$230,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.76%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 5.6% |
| Maintenance Year (1-5) | 8.00% |
| 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
$66,700
LOAN DETAILS
$799
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $57,500 |
| Loan Amount | $172,500 |
7.67
YEARS SAVED
$22,979
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,922
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
2836 Merry View Lane Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 2010
- Rent
- Rent Per SQFT
- $1,750
- $0.92
-
2360 Ranger Drive Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 2003
LEASED 05/13/20- Rent
- Rent Per SQFT
- $1,595
- $0.99
-
2805 Merry View Lane Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 2007
LEASED 10/07/20- Rent
- Rent Per SQFT
- $1,695
- $0.96
-
1003 Andromeda Way Arlington, TX 4
- 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 2001
LEASED 09/28/20- Rent
- Rent Per SQFT
- $1,850
- $1.04
-
2801 Gardendale Drive Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 2007
LEASED 09/30/20- Rent
- Rent Per SQFT
- $1,895
- $1.06
PROPERTY LISTING DETAILS
Coldwell Banker Realty Frisco
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14504437
Last Updated: 01/29/2021
