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

3925 Country Lane Fort Worth, TX 76123

3 Beds 2 Baths 1,860 sqft Built 2003

INVESTimate

$195,000

List Price

$1,480

$1,332 - $1,628

Rent Est.

$211,166  ( +8.29%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $104.84
  • 3 Days on Market
  • MLS # : 14419485
  • Updated Date : 08/25/2020 at 17:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,860 sqft
  • Baths : 2 full
Listing Agent

Metroplex Real Estate Group

Listing Agent's Description

This is a beautiful 3 bedrooms, 2 baths home. This floor plan includes a formal dining area, walk-in pantry, walk-in closet in the master bedroom and large tub in master bath. Walking distance from playground and community pool.

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: Poynter Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Poynter Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9091734

* 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
S.h. Crowley Intermediate School Primary Regular 456 26 4
S.h. Crowley Intermediate School Middle Regular 456 26 4
North Crowley High School High Regular 2,442 148 4

S.h. Crowley Intermediate School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 26
4
GreatSchools Rating

S.h. Crowley Intermediate School

  • Education Level: Middle
  • # of students: 456
  • # of teachers: 26
4
GreatSchools Rating

North Crowley High School

  • Education Level: High
  • # of students: 2,442
  • # of teachers: 148
4
GreatSchools Rating
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

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$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$719
Property Tax -$447
Property Insurance -$135
HOA -$22
Property Management Fees -$99
CASH FLOW
$58

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.

$195,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.29%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$14,740

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,474

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4453$1,4804$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 3925 Country Lane Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.80
    •  
  • 9029 Old Clydesdale Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2007
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.80
    •  
  • 3920 Thoroughbred Trail Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2003
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.78
    •  
  • 4001 Irish Setter Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 2005
    property image
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.78
    •  
  • 9201 Troy Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 2006
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.81
    •  
PROPERTY LISTING DETAILS
Vincent Wimbish
Metroplex Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419485
Last Updated: 08/25/2020
BESbswy