Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3032 W James Avenue Fort Worth, TX 76110

3 Beds 2 Baths 1,662 sqft Built 2018

$314,900

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $189.47
  • 4 Days on Market
  • MLS # : 14480418
  • Updated Date : 12/03/2020 at 03:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,662 sqft
  • Baths : 2 full
Listing Agent

Premier Realty Group, Llc

Listing Agent's Description

A MUST SEE!! Approx 1.3 m from TCU and under 3 miles from Southside Medical District. This 3BR 2BA NEW BUILD has been nicely designed with a wonderful open concept floorplan, vaulted ceilings, and hardwood flooring in main traffic areas. Updated modern kitchen with stainless steel appliances, granite countertops and plenty of storage space, including walk in pantry!! Large size bedrooms with lots of closet space and spacious bathrooms. Large fenced in backyard for plenty of privacy.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

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
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,162
Property Tax -$722
Property Insurance -$123
Property Management Fees -$99
CASH FLOW
-$506

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.

$314,900

PROJECTED PRICE

$1,600

PROJECTED RENT

0.51%

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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$5

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,102

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,9503$2,2004$2,4505$2,495
$2,495
RENT COMPS ANALYSIS
  • 3032 W James Avenue Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
  • 2205 College Avenue Fort Worth, TX 2
    • 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 3
    • 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
    •  
  • 3032 James Avenue Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2018
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.47
    •  
  • 1921 S Henderson Street Fort Worth, TX 5
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2007
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.25
    •  
PROPERTY LISTING DETAILS
Gloria Cantu
Premier Realty Group, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14480418
Last Updated: 12/03/2020
BESbswy