Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $165.58
- 3 Days on Market
- MLS # : 14514219
- Updated Date : 02/05/2021 at 21:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,775 sqft
- Baths : 2 full
Listing Agent
Lgi Homes
Listing Agent's Description
The Ontario plan is a new one-story home in the charming community of Oak Ridge. This home comes with 3 bedrooms, 2 full baths and a thoughtfully designed open layout. You’ll enjoy a host of impressive, included upgrades in this home such as stainless steel kitchen appliances, spacious granite countertops, designer 42 inch upper kitchen cabinets, luxury flooring and an attached two-car garage with a Wi-Fi-enabled opener. The Ontario showcases a master suite complete with a walk-in closet, as well as a fully fenced backyard, covered patio and front yard landscaping.
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: John T. White
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: John T. White
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,630 |
| EXPENSES | Loan Payment | -$1,021 |
| Property Tax | -$674 | |
| Property Insurance | -$130 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$318
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$293,900
PROJECTED PRICE
$1,630
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 7.8% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.69% |
| 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
$79,884
LOAN DETAILS
$1,021
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $73,475 |
| Loan Amount | $220,425 |
0.33
YEARS SAVED
$166
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,669
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
365 Lowery Oaks Trail Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,630
- $0.92
-
916 Iona Drive Fort Worth, TX 1
- 4 beds 2 baths ∙ 1,742 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,742 Sqft ∙ Built 2014
LEASED 07/22/20- Rent
- Rent Per SQFT
- $1,595
- $0.92
-
7244 Retriever Lane Fort Worth, TX 3
- 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 2003
LEASED 10/16/19- Rent
- Rent Per SQFT
- $1,650
- $0.96
-
7977 Meadow View Trail Fort Worth, TX 4
- 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 2004
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,695
- $0.91
-
133 Goldeneye Lane Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 2003
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,750
- $0.97
PROPERTY LISTING DETAILS
Lgi Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14514219
Last Updated: 02/05/2021
