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3405 Roddy Drive Fort Worth, TX 76123

3 Beds 3 Baths 2,068 sqft Built 2006

$220,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $106.38
  • 2 Days on Market
  • MLS # : 14476318
  • Updated Date : 11/28/2020 at 14:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,068 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rendon Realty, Llc

Listing Agent's Description

Lovely two story home in south forth worth, Home is well kept with brand new cedar stainged 6 ft privacy fence. Entry leads to spacious family room and formal dining opening to galley kitchen with granite countertops and an abundance of cabinet space to delight the family chef. Quaint breakfast nook perfect for morning coffee or to get the kids off to school! Oversized covered patio overlooks backyard, perfect for children's play or those Sunday afternoon BBQs! Huge split master retreat up with walk in closet, separate shower and soaking tub perfect for those precious few moments of peaceful solitude. Two more spacious bedrooms plus a game room for your growing family needs! Priced to sell!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Windsor Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Windsor Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8231734

* 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
Mary Harris Intermediate School Primary Regular 668 36 3
Crowley Middle School Middle Regular 615 45 4
North Crowley High School High Regular 2,442 148 4

Mary Harris Intermediate School

  • Education Level: Primary
  • # of students: 668
  • # of teachers: 36
3
GreatSchools Rating

Crowley Middle School

  • Education Level: Middle
  • # of students: 615
  • # of teachers: 45
4
GreatSchools Rating

North Crowley High School

  • Education Level: High
  • # of students: 2,442
  • # of teachers: 148
4
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$812
Property Tax -$504
Property Insurance -$147
Property Management Fees -$99
CASH FLOW
$188

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$220,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$29,746

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,804

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,6803$1,7504$1,8255$1,925
$1,925
RENT COMPS ANALYSIS
  • 3405 Roddy Drive Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,068 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,068 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.85
    •  
  • 3928 Garden Springs Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 2002
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.83
    •  
  • 3953 Tarpon Springs Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 2018
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.82
    •  
  • 7825 Creekview Lane Fort Worth, TX 4
    • 4 beds 3 baths ∙ 1,996 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,996 Sqft ∙ Built 1990
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.91
    •  
  • 8312 Clearbrook Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 1995
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.93
    •  
PROPERTY LISTING DETAILS
Cyndee Garza
Rendon Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14476318
Last Updated: 11/28/2020
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