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3729 Cook Court Fort Worth, TX 76245

3 Beds 2 Baths 1,744 sqft Built 2003

$249,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $143.29
  • 5 Days on Market
  • MLS # : 14483972
  • Updated Date : 12/11/2020 at 18:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,744 sqft
  • Baths : 2 full
Listing Agent

Better Homes & Gardens, Winans

Listing Agent's Description

Gorgeous home in the sought after Northwest ISD, minutes from downtown Roanoke and Southlake Town Square. Take a short walk right past the cul-de-sac to the greenbelt, walking trails and an amazing little creek! This home features a great open floor plan perfect for any family, a large living area for entertaining. The kitchen and breakfast area offers plenty of space with an island, breakfast bar, lots of cabinet space and large pantry. This split 3 bedroom home has a spacious master with french doors that open to the master bath. Office could be used as 4th bedroom. New carpet throughout, hardwood laminate floors and new paint! Great smaller, low maintenance backyard with tons of shade! It won't last!

SEE MORE

MARKET HIGHLIGHTS

  • . 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: Vista Greens

ZipNIR Market*Market2010Year2000201980k100k120k140k160k180k200k220kPrice in $61k231k

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

Neighborhood: Vista Greens

No Data Available.

* 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
Kay Granger Elementary School Primary Regular 900 55 9
John M. Tidwell Middle School Middle Regular 1,048 65 8

Kay Granger Elementary School

  • Education Level: Primary
  • # of students: 900
  • # of teachers: 55
9
GreatSchools Rating

John M. Tidwell Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 65
8
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$922
Property Tax -$573
Property Insurance -$122
HOA -$26
Property Management Fees -$99
CASH FLOW
-$52

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$249,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 1.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,641

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,687

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6503$1,6904$1,6955$1,695
$1,695
RENT COMPS ANALYSIS
  • 3729 Cook Court Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.97
    •  
  • 3725 Fiscal Court Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2004
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.95
    •  
  • 3733 Vista Greens Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 2006
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 3809 Vista Greens Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2006
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.00
    •  
  • 3704 Palm Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 2003
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.01
    •  
PROPERTY LISTING DETAILS
Angie Rubio
Better Homes & Gardens, Winans
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14483972
Last Updated: 12/11/2020
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