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

3912 Long Hollow Road Fort Worth, TX 76262

3 Beds 2 Baths 1,856 sqft Built 2008

$264,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $142.73
  • 5 Days on Market
  • MLS # : 14473228
  • Updated Date : 11/18/2020 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,856 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Central

Listing Agent's Description

Gorgeous stone look elevation! Close to community pool, playground, greenbelt with walking trails! Great NWISD! Move-in ready! Fresh paint! Luxury vinyl planks in the bedrooms! 12x12 tile in entry extends to formals, walkways, kitchen, nook, family rm! No carpet! Combo formals can be large game rm! Kitchen with granite tops,12x12 tile backsplash,under-mount sink,b-bar! Light, bright, open nook and family rm! Family rm has a wall for entertainment center,warm corner fireplace with cast stone mantle and legs,windows viewing yard! Split master with view of the yard! Master bath has 2 sinks, 12x12 tile, a garden tub, a separate shower, walk-in clst,med cab! Steel fence posts! Big 16x10 patio! Sprinklers! Security!

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: Lakes at Lost Creek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k350k

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

Neighborhood: Lakes at Lost Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262579

* 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
J. Lyndal Hughes Elementary School Primary Regular 547 35 5
John M. Tidwell Middle School Middle Regular 1,048 65 8

J. Lyndal Hughes Elementary School

  • Education Level: Primary
  • # of students: 547
  • # of teachers: 35
5
GreatSchools Rating

John M. Tidwell Middle School

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

$238,410$291,390$264,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$977
Property Tax -$607
Property Insurance -$134
HOA -$29
Property Management Fees -$99
CASH FLOW
-$147

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.

$264,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$3,919

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,726

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,7254$1,7455$1,750
$1,750
RENT COMPS ANALYSIS
  • 3912 Long Hollow Road Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
  • 13717 Canyon Ranch Road Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2004
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 14021 Fontana Road Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 2007
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.88
    •  
  • 13900 Valley Ranch Road Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,916 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,916 Sqft ∙ Built 2006
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.91
    •  
  • 4021 Lazy River Ranch Road Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 2013
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.98
    •  
PROPERTY LISTING DETAILS
James Tan
Keller Williams Central
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473228
Last Updated: 11/18/2020
BESbswy