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316 Cameron Hill Point Fort Worth, TX 76134

3 Beds 3 Baths 2,015 sqft Built 2015

$234,999

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $116.62
  • 2 Days on Market
  • MLS # : 14488002
  • Updated Date : 01/09/2021 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,015 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

WELCOME HOME to this 2-Story, DR Horton Home. This energy-efficient home offers a 3BD 2.5BA and a large, open kitchen with an island and granite countertops. This home also boasts of a built-in pest control system, underground irrigation, and two thermostats. Enjoy two living spaces including an upstairs game room and a large study or step outside and sip a cup of coffee on the beautiful covered patio! The HUGE backyard is perfect for hosting a GAME DAY BBQ or all your entertaining needs! Just minutes from freeways, shopping, schools, and hospitals. Home is still under the builder's limited structural warranty. Please send offers to: OFFERS@MYLEIGROUP.COM

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Brookwood Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Brookwood Park

NeighborhoodNIR 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
E. Ray Elementary School Primary Regular 515 30 5
Charles Baxter Junior High School Middle Regular 855 56 6
Everman Joe C. Bean High School High Regular 1,372 92 4

E. Ray Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 30
5
GreatSchools Rating

Charles Baxter Junior High School

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 56
6
GreatSchools Rating

Everman Joe C. Bean High School

  • Education Level: High
  • # of students: 1,372
  • # of teachers: 92
4
GreatSchools Rating
 

$211,499$258,499$234,999

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$816
Property Tax -$539
Property Insurance -$144
Property Management Fees -$99
CASH FLOW
$62

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.

$234,999

PROJECTED PRICE

$1,660

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 12.4%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,249
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$13,666

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,698

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6604$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 316 Cameron Hill Point Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,015 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,015 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.82
    •  
  • 1101 Castle Springs Road Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2010
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.83
    •  
  • 8500 Whispering Willow Lane Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 2004
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.84
    •  
  • 8100 Sweetwater Lane Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,175 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,175 Sqft ∙ Built 2001
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.80
    •  
  • 1133 Colchester Court Fort Worth, TX 5
    • 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 2016
    property image
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
PROPERTY LISTING DETAILS
Natalie Thonethao
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488002
Last Updated: 01/09/2021
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