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3029 Coyote Canyon Trail Fort Worth, TX 76108

4 Beds 2 Baths 1,949 sqft Built 2017

$245,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $125.71
  • 3 Days on Market
  • MLS # : 14474525
  • Updated Date : 11/22/2020 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,949 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Southlake

Listing Agent's Description

This home feels brand new and is absolutely charming. Boasting a desirable open concept floor plan it features a large living room, oversized island kitchen, and split bedrooms. The private owner's retreat shows off a Tray ceiling and the bath has double sinks, a garden tub, a separate shower, and a large walk-in closet. The elevation features brick and stone with upgraded French patio doors instead of sliding doors to the rear. The home just received a fresh coat of paint and still has a builder's foundation warranty. The neighborhood is conveniently located with quick access to I30 and 820 and offers a playground, pavilion, and a scenic trail. This home will not last, It’s simply ready to be sold!

SEE MORE

MARKET HIGHLIGHTS

  • 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

Zip Code: 76108

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Zip Code: 76108

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Waverly Park Elementary School Primary Regular 810 47 6
Leonard Middle School Middle Regular 741 50 3
Western Hills High School High Regular 1,236 94 3

Waverly Park Elementary School

  • Education Level: Primary
  • # of students: 810
  • # of teachers: 47
6
GreatSchools Rating

Leonard Middle School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 50
3
GreatSchools Rating

Western Hills High School

  • Education Level: High
  • # of students: 1,236
  • # of teachers: 94
3
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$904
Property Tax -$562
Property Insurance -$140
HOA -$25
Property Management Fees -$99
CASH FLOW
-$149

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.

$245,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.7%
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$100k$200k$300k$400k$500k$600k$700k$800k

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,745

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,579

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5453$1,5804$1,5955$1,700
$1,700
RENT COMPS ANALYSIS
  • 3029 Coyote Canyon Trail Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,949 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,949 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.81
    •  
  • 2405 Concina Way Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,859 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,859 Sqft ∙ Built 2002
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.80
    •  
  • 10269 Tustin Terrace Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 1999
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.84
    •  
  • 10144 Chapel Rock Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,992 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,992 Sqft ∙ Built 2001
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.80
    •  
  • 3056 Wakecrest Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 2015
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.80
    •  
PROPERTY LISTING DETAILS
Edwin Liddie
Jp And Associates Southlake
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474525
Last Updated: 11/22/2020
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