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2840 Stadium View Drive Fort Worth, TX 76118

4 Beds 3 Baths 2,947 sqft Built 2020

$455,835

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $154.68
  • 4 Days on Market
  • MLS # : 14466674
  • Updated Date : 11/05/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,947 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ultima Real Estate

Listing Agent's Description

Our Country Homes is excited to be building in the highly sought-after community The Lakes of River Trail. A scenic community with several lakes, greenbelts, walking trails and private parks, this highly sought after development is located in far east Ft.Worth, just on the edge of HEB. The central location offers close proximity to many major thoroughfares, allowing for easy access for your daily commute, as well as close-by area shopping, dining. A new on-site elementary school is planned and should be breaking ground soon. Lakes of River Trails is part of the highly acclaimed Hurst Euless Bedford-ISD.

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

Zip Code: 76118

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76118

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8471734

* 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.
 

$410,252$501,419$455,835

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,682
Property Tax -$1,045
Property Insurance -$197
HOA -$33
Property Management Fees -$99
CASH FLOW
-$557

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$455,835

PROJECTED PRICE

$2,500

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.2%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$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$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,796

INVESTMENT

$122,796

Down Payment
$113,959
Rehab Estimate
$2,000
Closing Costs
$6,838

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,682

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $113,959
Loan Amount $341,876
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$203

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,461

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,4503$2,500
$2,500
RENT COMPS ANALYSIS
  • 2840 Stadium View Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,947 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,947 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
  • 9312 Shoveler Trail Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2010
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.79
    •  
  • 9365 Shoveler Trail Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,775 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,775 Sqft ∙ Built 2011
    property image
    LEASED 07/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.88
    •  
PROPERTY LISTING DETAILS
Mey-ling Pauri
Ultima Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466674
Last Updated: 11/05/2020
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