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4017 Apple Street Fort Worth, TX 76040

3 Beds 2 Baths 2,433 sqft Built 2000

$274,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $112.62
  • 3 Days on Market
  • MLS # : 14466595
  • Updated Date : 11/06/2020 at 09:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,433 sqft
  • Baths : 2 full
Listing Agent

Briggs Freeman Sotheby's Int'l

Listing Agent's Description

Charming curb appeal on this 3 bedroom, 2 bathroom, 2 garage home in Stone Wood! Open concept floor plan with lots of potential for new owners to truly make their mark. Location is central to DFW Metroplex and offers convenient access to major highways, shopping, and venues. Schedule your showing today!

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

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
Oakwood Terrace Elementary School Primary Regular 567 36 7
Central Junior High School Middle Regular 998 62 7
Central Junior High School High Regular 998 62 7

Oakwood Terrace Elementary School

  • Education Level: Primary
  • # of students: 567
  • # of teachers: 36
7
GreatSchools Rating

Central Junior High School

  • Education Level: Middle
  • # of students: 998
  • # of teachers: 62
7
GreatSchools Rating

Central Junior High School

  • Education Level: High
  • # of students: 998
  • # of teachers: 62
7
GreatSchools Rating
 

$246,600$301,400$274,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,011
Property Tax -$643
Property Insurance -$168
Property Management Fees -$99
CASH FLOW
$89

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.

$274,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.73%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,360

INVESTMENT

$78,360

Down Payment
$68,500
Rehab Estimate
$5,750
Closing Costs
$4,110

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,011

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,500
Loan Amount $205,500
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$21,818

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,068

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$1,9953$2,0104$2,1005$2,150
$2,150
RENT COMPS ANALYSIS
  • 4017 Apple Street Fort Worth, TX 3
    • 3 beds 2 baths ∙ 2,433 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,433 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.83
    •  
  • 4009 Apple Street Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2000
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.83
    •  
  • 12848 Chittamwood Trail Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 1998
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.82
    •  
  • 808 Deedee Creek Drive Euless, TX 4
    • 4 beds 3 baths ∙ 2,335 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,335 Sqft ∙ Built 2003
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
  • 12640 Oakwood Circle Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,533 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,533 Sqft ∙ Built 2001
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.85
    •  
PROPERTY LISTING DETAILS
David Chicotsky
Briggs Freeman Sotheby's Int'l
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466595
Last Updated: 11/06/2020
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