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3804 Pueblo Trl Trail Lake Worth, TX 76135

3 Beds 2 Baths 1,333 sqft Built 1984

$197,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $147.79
  • 3 Days on Market
  • MLS # : 14477745
  • Updated Date : 11/27/2020 at 16:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,333 sqft
  • Baths : 2 full
Listing Agent

Fort Worth Texas Real Estate

Listing Agent's Description

ADORABLE cozy and convenient 3 bed,2 bath offers great updates. The galley style kitchen is beautifully updated with granite countertops and soft-close cabinets and drawers. Plantation Shutters are a great addition throughout the entire home. This large backyard and covered patio make an excellent space for entertaining. Located in a quiet, well-established neighborhood near major highways gives easy commute and access to shopping, dining, and all that Fort Worth has to offer.

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: Lake Worth Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $78k243k

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

Neighborhood: Lake Worth Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8481734

* 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
Effie Morris Elementary School Primary Regular 376 29 2
Lucyle Collins Middle School Middle Regular 478 33 3
Lake Worth High School High Regular 744 52 3

Effie Morris Elementary School

  • Education Level: Primary
  • # of students: 376
  • # of teachers: 29
2
GreatSchools Rating

Lucyle Collins Middle School

  • Education Level: Middle
  • # of students: 478
  • # of teachers: 33
3
GreatSchools Rating

Lake Worth High School

  • Education Level: High
  • # of students: 744
  • # of teachers: 52
3
GreatSchools Rating
 

$177,300$216,700$197,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$727
Property Tax -$443
Property Insurance -$104
Property Management Fees -$99
CASH FLOW
-$13

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.

$197,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.7%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$57,955

INVESTMENT

$57,955

Down Payment
$49,250
Rehab Estimate
$5,750
Closing Costs
$2,955

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$727

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,250
Loan Amount $147,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$9,014

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,480

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3503$1,3504$1,3605$1,395
$1,395
RENT COMPS ANALYSIS
  • 3804 Pueblo Trl Trail Lake Worth, TX 4
    • 3 beds 2 baths ∙ 1,333 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,333 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $1.02
    •  
  • 7212 Charbonneau Road Lake Worth, TX 1
    • 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1983
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.97
    •  
  • 4216 Canyon Trail Lake Worth, TX 2
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1985
    LEASED 08/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.11
    •  
  • 6425 Lakeside Drive Lake Worth, TX 3
    • 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1972
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.14
    •  
  • 6607 Lakeside Drive Lake Worth, TX 5
    • 3 beds 2 baths ∙ 1,146 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,146 Sqft ∙ Built 1988
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.22
    •  
PROPERTY LISTING DETAILS
Ronda Christian
Fort Worth Texas Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477745
Last Updated: 11/27/2020
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