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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $109.28
- 5 Days on Market
- MLS # : 14473876
- Updated Date : 11/18/2020 at 17:13
CONSTRUCTION
- Beds : 4
- Floor Size : 3,202 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
Location provides easy access to shopping, dining, entertainment, highways and elementary school. Elegant brick and stone elevation and multi use floor plan provides space for everyone, high ceilings and tons of natural light. Study in entry for work from home, away from activity. Living room opens to kitchen with granite and stainless, 2 window seats in breakfast area. Owners retreat is private and windows overlook the backyard. Upstairs is complete with game room, media room (could be 5th bedroom), 3 bedrooms and 2 full baths. Enjoy the afternoons and colorful landscape on the covered patio. Quiet neighborhood with walking trails, pool and playgrounds. Recently replaced energy efficient water heaters.
SEE MORE
- 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: Saratoga
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Saratoga
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,700 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$802 | |
| Property Insurance | -$212 | |
| HOA | -$45 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$251
|
||
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.
$349,900
PROJECTED PRICE
$2,700
PROJECTED RENT
0.77%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,474
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
7.67
YEARS SAVED
$41,700
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,700
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,674
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
3529 Beekman Drive Fort Worth, TX 3
- 4 beds 4 baths ∙ 3,202 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,202 Sqft ∙ Built 2008
![property image]()
- Rent
- Rent Per SQFT
- $2,700
- $0.84
-
3333 Count Drive Fort Worth, TX 1
- 4 beds 4 baths ∙ 3,098 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,098 Sqft ∙ Built 2007
![property image]()
LEASED 08/21/20- Rent
- Rent Per SQFT
- $2,395
- $0.77
-
3625 Homestretch Court Fort Worth, TX 2
- 4 beds 3 baths ∙ 3,235 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,235 Sqft ∙ Built 2007
![property image]()
LEASED 04/14/20- Rent
- Rent Per SQFT
- $2,700
- $0.83
-
3241 Outlook Court Fort Worth, TX 4
- 4 beds 3 baths ∙ 3,162 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,162 Sqft ∙ Built 2006
![property image]()
LEASED 02/11/20- Rent
- Rent Per SQFT
- $2,750
- $0.87
-
12740 Outlook Avenue Fort Worth, TX 5
- 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2006
![property image]()
LEASED 06/03/20- Rent
- Rent Per SQFT
- $2,750
- $0.87
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14473876
Last Updated: 11/18/2020
