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3529 Beekman Drive Fort Worth, TX 76244

4 Beds 4 Baths 3,202 sqft Built 2008

$349,900

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
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

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: Saratoga

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Saratoga

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9192403

* 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

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
 

$314,910$384,890$349,900

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

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
$2,395
1$2,3952$2,7003$2,7004$2,7505$2,750
$2,750
RENT COMPS ANALYSIS
  • 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
Paul Tosello
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473876
Last Updated: 11/18/2020
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