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3716 Staghorn Circle Fort Worth, TX 76137

4 Beds 3 Baths 2,768 sqft Built 2000

$285,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $102.96
  • 3 Days on Market
  • MLS # : 14513419
  • Updated Date : 02/06/2021 at 18:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,768 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sirka Real Estate

Listing Agent's Description

Welcome home to Keller ISD! This well-maintained, 4-bed, 2.5 bath home showcases open spaces, high ceilings, and quality finishes. Features include desirable open layout, split bedrooms with an oversized owner’s retreat downstairs and 3 beds up. Don’t miss the versatile game room upstairs as well. You will enjoy abundant natural light relaxing in the large family room. Or take your fun to the big backyard! This home is an entertainer’s delight. No HOA. New AC in 2018. Multiple offers received. Submit deadline Sunday at 5PM.

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: Summerfields

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Summerfields

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8851734

* 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
North Riverside Elementary School Primary Regular 461 41 4
Fossil Ridge High School High Regular 2,308 133 7
Fossil Ridge High School High Unknown NA

North Riverside Elementary School

  • Education Level: Primary
  • # of students: 461
  • # of teachers: 41
4
GreatSchools Rating

Fossil Ridge High School

  • Education Level: High
  • # of students: 2,308
  • # of teachers: 133
7
GreatSchools Rating

Fossil Ridge High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$256,500$313,500$285,000

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 -$990
Property Tax -$653
Property Insurance -$187
Property Management Fees -$99
CASH FLOW
-$339

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.

$285,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$48

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
  • $0.57

    LIST RENT PER SQFT
  • $1,827

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,6753$1,7504$1,8255$1,950
$1,950
RENT COMPS ANALYSIS
  • 3716 Staghorn Circle Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,768 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,768 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.57
    •  
  • 8124 Fox Chase Drive Fort Worth, TX 2
    • 4 beds 4 baths ∙ 2,571 Sqft ∙ Built 2001 4 beds 4 baths ∙ 2,571 Sqft ∙ Built 2001
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.65
    •  
  • 7532 Juliet Lane Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,490 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,490 Sqft ∙ Built 2000
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.70
    •  
  • 4137 Heritage Way Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 1995
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.65
    •  
  • 4213 Heritage Way Drive Fort Worth, TX 5
    • 5 beds 3 baths ∙ 3,060 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,060 Sqft ∙ Built 1995
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.64
    •  
PROPERTY LISTING DETAILS
Daniel Sirka
Sirka Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14513419
Last Updated: 02/06/2021
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