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3520 Cripple Creek Trail 
Fort Worth, TX
76262
3 Beds 2 Baths 1,724 sqft
Built 2001
INVESTimate
$220,000
List Price
$64,050
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PROPERTY INFO
FACTS
- Built In 2001
- Price/Sqft : $127.61
- 3 Days on Market
- MLS # : 14418311
- Updated Date : 08/24/2020 at 16:10
CONSTRUCTION
- Beds : 3
- Floor Size : 1,724 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Lovingly cared for home located in a friendly neighborhood near parks, schools, shopping, dining, downtown Roanoke, Alliance and Texas Motor Speedway. Open floorplan, tons of natural light and vaulted ceiling greet you upon entry. Recent int and ext paint. White cabs and tile counters in kitchen and view of backyard. Generously sized owners suite with natural light, extra large closet with seasonal rack, and bath with linen storage. Step outside and enjoy the tree shaded yard and 20 x 14 covered patio with ceiling fan that will keep you cool and comforable, even in the Texas heat. Easy access to I35W or Hwy 377 for quick commute to Fort Worth, Alliance Corridor, Westlake financial campuses, or Denton. NWISD
SEE MORE
- . 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: Lost Spurs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lost Spurs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$812 |
| Property Tax | -$504 | |
| Property Insurance | -$127 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$28
|
||
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.
$220,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 12.31% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$64,050
LOAN DETAILS
$812
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $55,000 |
| Loan Amount | $165,000 |
5.17
YEARS SAVED
$13,791
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,577
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
3520 Cripple Creek Trail Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 2001
![property image]()
- Rent
- Rent Per SQFT
- $1,570
- $0.91
-
3609 Silverado Trail Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 2001
![property image]()
LEASED 05/06/20- Rent
- Rent Per SQFT
- $1,555
- $0.93
-
3508 Lasso Road Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 2003
![property image]()
LEASED 09/04/19- Rent
- Rent Per SQFT
- $1,585
- $0.89
-
3420 Lasso Road Fort Worth, TX 4
- 4 beds 2 baths ∙ 1,750 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,750 Sqft ∙ Built 2001
![property image]()
LEASED 09/25/19- Rent
- Rent Per SQFT
- $1,595
- $0.91
-
3625 Cripple Creek Trail Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 2000
![property image]()
LEASED 06/23/20- Rent
- Rent Per SQFT
- $1,725
- $0.93
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14418311
Last Updated: 08/24/2020
