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3924 Vista Greens Drive Fort Worth, TX 76244

3 Beds 2 Baths 1,871 sqft Built 2004

$292,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $156.55
  • 6 Days on Market
  • MLS # : 14489736
  • Updated Date : 12/22/2020 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,871 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

YOU WILL LOVE THIS MOVE-IN-READY, LOVELY 4 BEDROOM, 2 FULL BATHROOM HOME IN THE ESTABLISHED VISTA GREENS NEIGHBORHOOD! Gorgeous stone edging adorns the landscaping in the front & backyard. The spacious living room offers a wood-burning fireplace with stone surround & beautiful windows that look out to the serene backyard. The kitchen is light & bright & features oak wood cabinetry, & stainless steel appliances. Enjoy the covered back patio with a flagstone extension & furnish it with your favorite patio furniture. Look past the iron fence to an open field & cherish the manicured landscaping. Buyer & Buyer Agent to verify all info including, but not limited to, room dimensions, features, schools.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Vista Greens

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Vista Greens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
Kay Granger Elementary School Primary Regular 900 55 9
John M. Tidwell Middle School Middle Regular 1,048 65 8

Kay Granger Elementary School

  • Education Level: Primary
  • # of students: 900
  • # of teachers: 55
9
GreatSchools Rating

John M. Tidwell Middle School

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

$263,610$322,190$292,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,081
Property Tax -$671
Property Insurance -$135
HOA -$26
Property Management Fees -$99
CASH FLOW
-$262

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.

$292,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.60%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,369

INVESTMENT

$83,369

Down Payment
$73,225
Rehab Estimate
$5,750
Closing Costs
$4,394

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,081

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,225
Loan Amount $219,675
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,233

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,740

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6503$1,6954$1,7485$1,750
$1,750
RENT COMPS ANALYSIS
  • 3924 Vista Greens Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 3805 Verde Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2007
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.90
    •  
  • 3733 Vista Greens Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 2006
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 3728 Sapphire Street Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,790 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,790 Sqft ∙ Built 2003
    LEASED 09/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.95
    •  
  • 3737 Palm Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 2007
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,748
    • $0.96
    •  
PROPERTY LISTING DETAILS
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489736
Last Updated: 12/22/2020
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