Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $149.13
- 2 Days on Market
- MLS # : 14519678
- Updated Date : 02/20/2021 at 19:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,844 sqft
- Baths : 2 full
Listing Agent
Ebby Halliday, Realtors
Listing Agent's Description
Come view this lovely 3 bedroom, 2 bathroom family home that has tons of updates. Updates include HVAC, gas range, dishwasher, microwave, hot water heater, and garage door. This open floor plan home features extensive hardwood flooring, SS appliances, gas log fireplace, tons of kitchen cabinets, split master bedroom, and upfront study. Property is within walking distance to the beautiful community pool. Feeds into Northwest ISD.
SEE MORE
- 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: McPherson Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: McPherson Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,760 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$630 | |
| Property Insurance | -$134 | |
| HOA | -$34 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$92
|
||
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.
$275,000
PROJECTED PRICE
$1,760
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,625
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
2.5
YEARS SAVED
$5,496
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,761
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
3900 Confidence Drive Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,760
- $0.95
-
3832 Brandywine Lane Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 2003
LEASED 06/25/20- Rent
- Rent Per SQFT
- $1,695
- $0.98
-
12837 Parkersburg Drive Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 2006
LEASED 03/20/20- Rent
- Rent Per SQFT
- $1,750
- $0.93
-
12840 Danville Drive Fort Worth, TX 4
- 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 2006
LEASED 05/30/20- Rent
- Rent Per SQFT
- $1,775
- $0.95
-
12929 Glenville Court Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 2005
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,800
- $0.96
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519678
Last Updated: 02/20/2021
