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3320 Lone Tree Lane Fort Worth, TX 76244

3 Beds 2 Baths 2,030 sqft Built 2011

$300,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $147.78
  • 4 Days on Market
  • MLS # : 14517719
  • Updated Date : 02/13/2021 at 18:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,030 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty

Listing Agent's Description

**Multiple offers, highest and best due by Sunday Feb 14 7pm**WOW! Gorgeous original owner home in desirable Villages of Woodland Springs. Walking distance from schools, shopping, and dining. This 3 bed 2 bath home offers a spacious dining room area plus study with French doors. Upgrades galore! Beautiful stone wall separating kitchen from living area makes a statement along with stone fireplace and faux wood beams in ceiling. Wood floors and upgraded tile throughout main living areas. Brand new paint and carpet! Ready for new owners.

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: Villages of Woodland Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Villages of Woodland Springs

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
Kay Granger Elementary School Primary Regular 900 55 9
John M. Tidwell Middle School Middle Regular 1,048 65 8
Timbercreek High School High Unknown NA

Kay Granger Elementary School

  • Education Level: Primary
  • # of students: 900
  • # of teachers: 55
9
GreatSchools Rating

John M. Tidwell Middle School

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

Timbercreek High School

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

$270,000$330,000$300,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,042
Property Tax -$688
Property Insurance -$145
HOA -$50
Property Management Fees -$99
CASH FLOW
-$83

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.

$300,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.4%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$6,898

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,944

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,8953$1,9404$1,9955$2,050
$2,050
RENT COMPS ANALYSIS
  • 3320 Lone Tree Lane Fort Worth, TX 3
    • 3 beds 2 baths ∙ 2,030 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,030 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.96
    •  
  • 2745 Bretton Wood Drive Fort Worth, TX 1
    • 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2010
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.92
    •  
  • 3337 Lone Brave Drive Fort Worth, TX 2
    • 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
    •  
  • 12433 Lonesome Pine Place Fort Worth, TX 4
    • 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 2011
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.98
    •  
  • 12408 Lonesome Pine Place Fort Worth, TX 5
    • 3 beds 2 baths ∙ 2,062 Sqft ∙ Built 2010 3 beds 2 baths ∙ 2,062 Sqft ∙ Built 2010
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.99
    •  
PROPERTY LISTING DETAILS
Edison Shabanaj
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517719
Last Updated: 02/13/2021
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