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3156 Sangria Lane Fort Worth, TX 76177

4 Beds 4 Baths 2,514 sqft Built 2018

$360,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $143.20
  • 3 Days on Market
  • MLS # : 14484844
  • Updated Date : 12/11/2020 at 16:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,514 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Gorgeous 4 bedroom 3.5 bath home in desirable Northwest ISD! Home showcases an amazing floorplan with wood-look tile throughout the main living areas! The chef inspired kitchen features a large island with granite countertops, subway tile, ss appliances, and abundant cabinet and counter space. The spacious family room anchored by a beautiful gas log fireplace is the perfect space for entertaining! Your master suite is sure to impress with granite countertops, jacuzzi tub, separate shower, and a large walk-in closet! A game room upstairs completes the package! Relax outdoors under the covered patio and enjoy the private backyard. Amazing location in neighborhood with open space behind and to left of the house!

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
 

$324,000$396,000$360,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,328
Property Tax -$825
Property Insurance -$172
HOA -$25
Property Management Fees -$99
CASH FLOW
$0

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.

$360,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.3%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$18,536

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,432

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,390
1$2,3902$2,3953$2,3954$2,4005$2,450
$2,450
RENT COMPS ANALYSIS
  • 3156 Sangria Lane Fort Worth, TX 5
    • 4 beds 4 baths ∙ 2,514 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,514 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.97
    •  
  • 12737 Welsh Walk Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2007
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.98
    •  
  • 12841 Lizzie Place Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,358 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,358 Sqft ∙ Built 2005
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.02
    •  
  • 12729 Lizzie Place Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 2005
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.98
    •  
  • 3632 Jockey Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 2010
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.89
    •  
PROPERTY LISTING DETAILS
Rena Connors
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484844
Last Updated: 12/11/2020
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