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3428 Glass Mountain Trail Fort Worth, TX 76244

3 Beds 2 Baths 2,040 sqft Built 2013

$314,900

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $154.36
  • 4 Days on Market
  • MLS # : 14508162
  • Updated Date : 01/30/2021 at 07:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,040 sqft
  • Baths : 2 full
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

Multiple offers, highest & best by 7pm Sunday 1-31. WOW! Impeccably maintained & upgraded Keller ISD 3 bedroom…PLUS home office…PLUS additional office nook w built-in desk. Perfect floor plan if you work from home or have kiddos remote learning. Split bedrms, HUGE laundry rm (this is amazing!), mud rm off garage entry for kids’ backpacks, shoes, etc. Spacious kitchen includes gas cooktop, granite counters, SS appliances, walk-in pantry PLUS butler's pantry area for additional storage (would be perfect coffee bar). Enjoy expensive upgrades including stone fireplace, stone-accented kitchen island, outdoor kitchen w built-in grill. Bonus... Fresh peaches from your own backyard! This home is absolutely impeccable!

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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: 76244

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Zip Code: 76244

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262706

* 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
Independence Elementary School Primary Regular 458 33 6
Timbercreek High School High Regular 2,957 160 8
Independence Elementary School Primary Unknown NA

Independence Elementary School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 33
6
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students: 2,957
  • # of teachers: 160
8
GreatSchools Rating

Independence Elementary School

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

$283,410$346,390$314,900

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,094
Property Tax -$722
Property Insurance -$145
HOA -$53
Property Management Fees -$99
CASH FLOW
-$202

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.

$314,900

PROJECTED PRICE

$1,910

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,302

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,826

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7753$1,8004$1,8505$1,910
$1,910
RENT COMPS ANALYSIS
  • 3428 Glass Mountain Trail Fort Worth, TX 5
    • 3 beds 2 baths ∙ 2,040 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,040 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.94
    •  
  • 11529 Maddie Avenue Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 2006
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 3936 Grizzly Hills Circle Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 2011
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.94
    •  
  • 4813 Trail Hollow Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 2005
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.82
    •  
  • 10608 Stoneside Trail Fort Worth, TX 4
    • 3 beds 2 baths ∙ 2,112 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,112 Sqft ∙ Built 2001
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.88
    •  
PROPERTY LISTING DETAILS
Corey Young
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508162
Last Updated: 01/30/2021
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