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3064 Bella Lago Drive Fort Worth, TX 76177

3 Beds 2 Baths 2,122 sqft Built 2017

INVESTimate

$315,000

List Price

$1,830

$1,647 - $2,013

Rent Est.

$341,019  ( +8.26%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $148.44
  • 7 Days on Market
  • MLS # : 14416168
  • Updated Date : 08/21/2020 at 05:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,122 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Allen

Listing Agent's Description

Stunning, single story home nestled in the highly desired Riverside neighborhood. This home has a fabulous split bedroom floor plan with wood-look tile flowing throughout the main living area. The eat-in chef's kitchen features a large island, gas cooktop, ss appliances, beautiful cabinetry, lots of granite countertop space and dual pantries. The bright and cheery living area is accented with a beautiful fireplace. End your day in the owner's retreat that has space for a sitting area. The master bath has a separate shower with a bench seat and a large tub for soaking and relaxing. Enjoy your morning coffee or barbecuing on the covered patio, plumbed for gas. Shopping, dining and entertainment nearby.

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: 76177

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Zip Code: 76177

ZipNIR 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

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
 

$283,500$346,500$315,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,162
Property Tax -$722
Property Insurance -$150
HOA -$25
Property Management Fees -$99
CASH FLOW
-$328

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.

$315,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.26%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

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

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% 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 $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$571

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
  • $0.86

    LIST RENT PER SQFT
  • $2,042

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,830
1$1,8302$1,9453$1,9954$2,0805$2,200
$2,200
RENT COMPS ANALYSIS
  • 3064 Bella Lago Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 2,122 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,122 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.86
    •  
  • 3308 Tori Trail Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,961 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,961 Sqft ∙ Built 2006
    property image
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.99
    •  
  • 12524 Morab Street Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,216 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,216 Sqft ∙ Built 2006
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.90
    •  
  • 3005 Waterfalls Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,170 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,170 Sqft ∙ Built 2016
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.96
    •  
  • 3040 Sangria Lane Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,190 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,190 Sqft ∙ Built 2017
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.00
    •  
PROPERTY LISTING DETAILS
Cynthia Coggins
Keller Williams Realty Allen
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416168
Last Updated: 08/21/2020
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