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401 Leighton Court Fort Worth, TX 76131

4 Beds 5 Baths 2,860 sqft Built 2020

INVESTimate

$440,330

List Price

$2,300

$2,070 - $2,530

Rent Est.

$469,656  ( +6.66%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Built In 2020
  • Price/Sqft : $153.96
  • 9 Days on Market
  • MLS # : 14415682
  • Updated Date : 08/21/2020 at 10:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,860 sqft
  • Baths : 4 full , 1 half
Listing Agent

American Legend Homes

Listing Agent's Description

Stunning 1 story home on cul-de-sac with 4 bedrooms, 4.5 baths. This open floor plan features the stacked living-dining area with vaulted ceilings, gourmet kitchen with tons of cabinets and an oversized serving area. Large versatile game room connected to the family room creates an awesome entertaining layout.

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

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Sonny And Allegra Nance Elementary School Primary Regular 456 30 5
Chisholm Trail Middle School Middle Regular 899 64 7
Byron Nelson High School High Regular 2,552 147 8

Sonny And Allegra Nance Elementary School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 30
5
GreatSchools Rating

Chisholm Trail Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 64
7
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$396,297$484,363$440,330

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,625
Property Tax -$1,059
Property Insurance -$192
HOA -$53
Property Management Fees -$99
CASH FLOW
-$728

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$440,330

PROJECTED PRICE

$2,300

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.66%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,687

INVESTMENT

$118,687

Down Payment
$110,083
Rehab Estimate
$2,000
Closing Costs
$6,605

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,625

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,083
Loan Amount $330,248
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$7

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,288

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0503$2,1554$2,3005$2,585
$2,585
RENT COMPS ANALYSIS
  • 401 Leighton Court Fort Worth, TX 4
    • 4 beds 5 baths ∙ 2,860 Sqft ∙ Built 2020 4 beds 5 baths ∙ 2,860 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.80
    •  
  • 360 Emerald Creek Drive Fort Worth, TX 1
    • 5 beds 4 baths ∙ 2,740 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,740 Sqft ∙ Built 2017
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.73
    •  
  • 349 Emerald Creek Fort Worth, TX 2
    • 5 beds 4 baths ∙ 2,700 Sqft ∙ Built 2018 5 beds 4 baths ∙ 2,700 Sqft ∙ Built 2018
    property image
    LEASED 06/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.76
    •  
  • 9149 Liberty Crossing Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2006
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,155
    • $0.80
    •  
  • 9116 Bronze Meadow Drive Fort Worth, TX 5
    • 4 beds 4 baths ∙ 2,827 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,827 Sqft ∙ Built 2018
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,585
    • $0.91
    •  
PROPERTY LISTING DETAILS
Eric Stanley
American Legend Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415682
Last Updated: 08/21/2020
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