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3913 Oceanside Drive Fort Worth, TX 76040

3 Beds 3 Baths 1,567 sqft Built 2008

$235,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $149.97
  • 4 Days on Market
  • MLS # : 14539927
  • Updated Date : 03/26/2021 at 11:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,567 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jpar Arlington

Listing Agent's Description

Lovely townhome in a highly desired, central location close to Hwy 360, 157, Hwy 183, and I-30. Home is an easy commute to American Airlines, DFW Airport, and Bell Helicopter. Enjoy the open space and 1 less neighbor on the corner lot. The oversized master bedroom features a spacious loft area and one of the secondary bedrooms upstairs opens to a beautiful balcony. Very nice sized backyard for homes in this subdivision. There's even a half bath conveniently located downstairs for your guests. All rooms are upstairs. Come take a look, you won't want to miss out on this home and location!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Zip Code: 76040

ZipNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240kPrice in $122k243k

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

Zip Code: 76040

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9471808

* 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
Trinity High School High Regular 2,416 136 7

Trinity High School

  • Education Level: High
  • # of students: 2,416
  • # of teachers: 136
7
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$816
Property Tax -$539
Property Insurance -$118
Property Management Fees -$99
CASH FLOW
-$32

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.

$235,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$7,821

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,641

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,540
1$1,5402$1,6253$1,6504$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 3913 Oceanside Drive Fort Worth, TX 1
    • 3 beds 3 baths ∙ 1,567 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,567 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.98
    •  
  • 3985 Vista Mar Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 2013
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.04
    •  
  • 4008 Vista Mar Drive Fort Worth, TX 3
    • 3 beds 3 baths ∙ 1,604 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,604 Sqft ∙ Built 2013
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 12908 Conifer Lane Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2000
    LEASED 01/31/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.06
    •  
  • 12841 Chittamwood Trail Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 1998
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.06
    •  
PROPERTY LISTING DETAILS
Mona Zafarullah
Jpar Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14539927
Last Updated: 03/26/2021
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