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3704 Plum Street Fort Worth, TX 76040

3 Beds 3 Baths 1,705 sqft Built 2021

$319,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $187.62
  • 2 Days on Market
  • MLS # : 14536934
  • Updated Date : 03/20/2021 at 04:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,705 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ultima Real Estate

Listing Agent's Description

Absolutely Gorgeous home in Highly rated Hurst-Euless-Bedford ISD and just blocks from shopping area and the Viridian. Brand new home at a great price. Brick and stone façade. Minutes away from American Airlines HQ, HWY 360, & 157, & 10 minutes to DFW airport & HWY 161. Neat open floor plan perfect for entertaining, lots of natural light. Beautiful Kitchen with quartz and island and stainless steel appliances. 3 good size bedroom and 2 and a half bathrooms. Master bath have separate tub & shower. Cover patio and separate utility room. Submit all offers to mbcajas@yahoo.com. Any questions please contact agents via text. Buyer and buyers agent to verify all information is correct. Professional Picks soon.

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

Zip Code: 76040

ZipNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240kPrice in $122k243k

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

Zip Code: 76040

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9471808

* 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
Trinity High School High Regular 2,416 136 7

Trinity High School

  • Education Level: High
  • # of students: 2,416
  • # of teachers: 136
7
GreatSchools Rating
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,111
Property Tax -$733
Property Insurance -$126
Property Management Fees -$99
CASH FLOW
-$479

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$319,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,774

INVESTMENT

$86,774

Down Payment
$79,975
Rehab Estimate
$2,000
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$12

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,590

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,786

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,6253$1,6504$1,8505$1,995
$1,995
RENT COMPS ANALYSIS
  • 3704 Plum Street Fort Worth, TX 1
    • 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 2021 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.93
    •  
  • 3985 Vista Mar Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 2013
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.04
    •  
  • 4008 Vista Mar Drive Fort Worth, TX 3
    • 3 beds 3 baths ∙ 1,604 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,604 Sqft ∙ Built 2013
    property image
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 13301 Spinning Glen Street Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 2001
    property image
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.07
    •  
  • 13356 Vista Glen Lane Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 2004
    property image
    LEASED 02/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.05
    •  
PROPERTY LISTING DETAILS
Monica Cajas
Ultima Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536934
Last Updated: 03/20/2021
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