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2937 Ryan Avenue Fort Worth, TX 76110

3 Beds 2 Baths 1,452 sqft Built 2001

$279,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $192.77
  • 5 Days on Market
  • MLS # : 14465133
  • Updated Date : 11/07/2020 at 20:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,452 sqft
  • Baths : 2 full
Listing Agent

League Real Estate

Listing Agent's Description

Recently renovated and darling home in Ryan South is ready for its new owners! This home is of modular construction with a warm and welcoming open concept feel as you enter through the front door. Tons of natural light flood through the many windows. Featuring fresh new paint inside and out, rich wood look flooring throughout the main living areas, updated fixtures, and a sparkling and open kitchen with quartz counter tops and new stainless appliances! Gorgeous soaking tub in the owners bathroom. Enjoy sitting on your front porch in the evenings or relaxing around your fire pit in the nice sized back yard. Convenient to TCU and the hospital district and in a neighborhood with many fun community events.

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

Neighborhood: Ryan Place

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $88k328k

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

Neighborhood: Ryan Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8881982

* 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
Alice D. Contreras Elementary School Primary Regular 737 38 4
Rosemont Middle School Middle Regular 950 53 6
R.l. Paschal High School High Regular 2,610 162 6

Alice D. Contreras Elementary School

  • Education Level: Primary
  • # of students: 737
  • # of teachers: 38
4
GreatSchools Rating

Rosemont Middle School

  • Education Level: Middle
  • # of students: 950
  • # of teachers: 53
6
GreatSchools Rating

R.l. Paschal High School

  • Education Level: High
  • # of students: 2,610
  • # of teachers: 162
6
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,033
Property Tax -$642
Property Insurance -$111
Property Management Fees -$99
CASH FLOW
-$184

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.

$279,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 10.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,945

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $1,702

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5003$1,7004$1,9505$2,200
$2,200
RENT COMPS ANALYSIS
  • 2937 Ryan Avenue Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.17
    •  
  • 835 E Harvey Avenue Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 2020
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.12
    •  
  • 856 E Powell Avenue Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 2010
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.23
    •  
  • 2205 College Avenue Fort Worth, TX 4
    • 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2005
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.11
    •  
  • 2605 May Street Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 2020
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.23
    •  
PROPERTY LISTING DETAILS
Amanda Easley
League Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465133
Last Updated: 11/07/2020
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