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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $109.19
- 5 Days on Market
- MLS # : 14483747
- Updated Date : 12/12/2020 at 15:49
CONSTRUCTION
- Beds : 5
- Floor Size : 3,709 sqft
- Baths : 3 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Beautiful Crawford Farms Home with Sparkling Saltwater Pool! Fabulous 5 bed layout with spacious open kitchen with large island, gas cooktop & granite, living room with fireplace, formal dining & living space with dramatic vaulted ceiling. Owners retreat downstairs with separate shower, tub & vanities. Upstairs includes game room, media room & four bedrooms with two full baths. The backyard provides endless fun with beautiful saltwater pool & pergola. Home includes security cameras, garage wifi controller and HVAC Honeywell App. Community includes pool, playground, tennis, basketball & more. Great location near Alliance Shopping Center. Per Seller outside HVAC units replaced in past 3 years with Warranties.
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: Crawford Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Crawford Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,600 |
| EXPENSES | Loan Payment | -$1,494 |
| Property Tax | -$928 | |
| Property Insurance | -$242 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$206
|
||
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.
$405,000
PROJECTED PRICE
$2,600
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.5% |
| 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
$113,075
LOAN DETAILS
$1,494
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $101,250 |
| Loan Amount | $303,750 |
1.92
YEARS SAVED
$6,379
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,600
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$2,643
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
3532 Delaney Drive Fort Worth, TX 3
- 5 beds 4 baths ∙ 3,709 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,709 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $2,600
- $0.70
-
9905 Channing Road Fort Worth, TX 1
- 5 beds 3 baths ∙ 3,712 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,712 Sqft ∙ Built 2004
![property image]()
LEASED 03/07/20- Rent
- Rent Per SQFT
- $2,375
- $0.64
-
9925 Chadbourne Road Fort Worth, TX 2
- 4 beds 3 baths ∙ 3,540 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,540 Sqft ∙ Built 2004
![property image]()
LEASED 07/31/19- Rent
- Rent Per SQFT
- $2,400
- $0.68
-
9541 Sinclair Street Fort Worth, TX 4
- 4 beds 4 baths ∙ 3,683 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,683 Sqft ∙ Built 2013
![property image]()
LEASED 07/30/20- Rent
- Rent Per SQFT
- $2,800
- $0.76
-
4000 Vernon Way Fort Worth, TX 5
- 4 beds 4 baths ∙ 3,885 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,885 Sqft ∙ Built 2005
![property image]()
LEASED 04/25/20- Rent
- Rent Per SQFT
- $3,000
- $0.77
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14483747
Last Updated: 12/12/2020
