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3749 Peach Blossom Road Fort Worth, TX 76244

4 Beds 3 Baths 3,110 sqft Built 2017

$350,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $112.54
  • 3 Days on Market
  • MLS # : 14535392
  • Updated Date : 03/19/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,110 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Arlington

Listing Agent's Description

Spacious home in Pine Meadows on corner lot ready for Spring move-in. Gather at the island or the dining area of the eat-in kitchen open to the downstairs living room. Granite counters, stainless appliances, gas range, painted cabinets with crown molding & tile back splash all create a lovely space. Retreat to the downstairs master suite with garden tub, separate shower, dual sinks & a large walk-in closet. 2nd bedroom downstairs could be used as an office. Enormous upstairs living area allows flexible space for many options. Radiant barrier, a tankless water heater & energy efficient windows bring low fuel bills. Covered patio & sprinklers provided. Convenient location only 12 miles from downtown Fort Worth.

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: 76244

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Zip Code: 76244

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262706

* 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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,216
Property Tax -$802
Property Insurance -$207
HOA -$30
Property Management Fees -$99
CASH FLOW
-$194

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.

$350,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.0%
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-$8.0k-$6.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,286

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,309

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,1603$2,2504$2,3955$2,500
$2,500
RENT COMPS ANALYSIS
  • 3749 Peach Blossom Road Fort Worth, TX 2
    • 4 beds 3 baths ∙ 3,110 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,110 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.69
    •  
  • 9156 Brook Hill Lane Fort Worth, TX 1
    • 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2006
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.70
    •  
  • 4232 Doe Creek Trail Fort Worth, TX 3
    • 3 beds 3 baths ∙ 3,113 Sqft ∙ Built 2012 3 beds 3 baths ∙ 3,113 Sqft ∙ Built 2012
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.72
    •  
  • 8245 Spruce Meadows Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 3,282 Sqft ∙ Built 2018 4 beds 3 baths ∙ 3,282 Sqft ∙ Built 2018
    LEASED 12/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.73
    •  
  • 8746 Night Wind Lane Fort Worth, TX 5
    • 4 beds 3 baths ∙ 3,059 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,059 Sqft ∙ Built 2010
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.82
    •  
PROPERTY LISTING DETAILS
Joan Blinn
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14535392
Last Updated: 03/19/2021
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