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3720 Queenswood Court Fort Worth, TX 76244

4 Beds 3 Baths 2,892 sqft Built 2005

$300,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $103.73
  • 2 Days on Market
  • MLS # : 14536405
  • Updated Date : 03/20/2021 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,892 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

This family-friendly home in Keller ISD celebrates an open-concept and an abundance of natural light evoking a relaxing lifestyle. The spacious kitchen features breakfast bar, island, butler's pantry and breakfast area overlooking back yard. Entertain family and friends in the sizable family room offering the warmth of a fireplace. Flexible front room can be used as formal living, office or play area. Escape to the tranquil master providing a personal retreat. Formal dining, large secondary bedrooms, gameroom, and awesome yard provide a place for everyone. Close to Alliance Town Center and easy access to parks, running trails and highways make this the perfect package. ALL OFFERS DUE BY NOON ON MONDAY 3.22.21

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: Arcadia Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Arcadia Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
Heritage Elementary School Primary Regular 580 42 4
Fossil Ridge High School High Regular 2,308 133 7
Fossil Ridge High School High Unknown NA

Heritage Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 42
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
 

$270,000$330,000$300,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,042
Property Tax -$688
Property Insurance -$194
HOA -$29
Property Management Fees -$99
CASH FLOW
$238

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.

$300,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.4%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$32,064

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,285

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,2904$2,3505$2,350
$2,350
RENT COMPS ANALYSIS
  • 3720 Queenswood Court Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.79
    •  
  • 3944 Diamond Ridge Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 2003
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 8555 Birch Creek Road Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 1999
    property image
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.80
    •  
  • 3801 Vernon Way Fort Worth, TX 4
    • 4 beds 3 baths ∙ 3,015 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,015 Sqft ∙ Built 2002
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.78
    •  
  • 3633 Queenswood Court Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 2007
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.81
    •  
PROPERTY LISTING DETAILS
Diane Grove
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536405
Last Updated: 03/20/2021
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