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3029 San Fernando Drive Fort Worth, TX 76177

3 Beds 2 Baths 1,858 sqft Built 2013

$292,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $157.16
  • 2 Days on Market
  • MLS # : 14508757
  • Updated Date : 01/29/2021 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,858 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty-fm

Listing Agent's Description

Immaculate & inviting describe this charming 3 bedroom, 2 bath home nestled on a nice size lot in the highly sought after Valley Ridge neighborhood zoned for award winning Northwest ISD schools including Byron Nelson High. Diamond laid tile in the foyer spills into the kitchen & breakfast room. Family room anchored by an attractive floor to ceiling stone fireplace. Kitchen at heart of home with natural light from skylight over island, granite counters, SSA, 5 burner gas cooktop, an abundance of rich wood cabinets. diamond laid tile backsplash with bronze mini accent tiles & etched pantry door. Owner's retreat with garden tub, separate shower & WIC. Covered patio overlooks yard. Convenient access to I35 and 377.

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: Valley Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Valley Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
J. Lyndal Hughes Elementary School Primary Regular 547 35 5
John M. Tidwell Middle School Middle Regular 1,048 65 8
Byron Nelson High School High Unknown NA

J. Lyndal Hughes Elementary School

  • Education Level: Primary
  • # of students: 547
  • # of teachers: 35
5
GreatSchools Rating

John M. Tidwell Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 65
8
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$262,800$321,200$292,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,014
Property Tax -$669
Property Insurance -$135
HOA -$32
Property Management Fees -$99
CASH FLOW
-$119

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.

$292,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,130

INVESTMENT

$83,130

Down Payment
$73,000
Rehab Estimate
$5,750
Closing Costs
$4,380

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,000
Loan Amount $219,000
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$4,894

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,849

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,799
1$1,7992$1,8303$1,8954$1,8955$1,900
$1,900
RENT COMPS ANALYSIS
  • 3029 San Fernando Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.98
    •  
  • 12264 Walden Wood Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 1,874 Sqft ∙ Built 2011 4 beds 3 baths ∙ 1,874 Sqft ∙ Built 2011
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.96
    •  
  • 3337 Lone Brave Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 2009
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.94
    •  
  • 12812 Hidden Valley Court Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 2012
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.06
    •  
  • 3004 Beaver Creek Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2012
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
PROPERTY LISTING DETAILS
Vickie Bodine
Keller Williams Realty-fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508757
Last Updated: 01/29/2021
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