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4044 Landisburg Trail Fort Worth, TX 76244

4 Beds 2 Baths 2,404 sqft Built 2005

INVESTimate

$294,000

List Price

$1,950

$1,755 - $2,145

Rent Est.

$322,106  ( +9.56%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $122.30
  • 7 Days on Market
  • MLS # : 14417734
  • Updated Date : 08/21/2020 at 05:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,404 sqft
  • Baths : 2 full
Listing Agent

Neostone Realty Group

Listing Agent's Description

This popular single story DR Horton floor plan offers open concept 4 split bedrooms, 2 full bath, 2 living, 2 dining area and abundant of natural light. Master has an over sized walk in closet. There is a combo dining living area as well as a large family room and breakfast area. The kitchen has a spacious pantry, lots of cabinets, sky lite above and an island. House has recent interior paint, open floor plan, gas log fireplace. Award winning NSID and Nationally recognized Kay Granger Elementary. Neighborhood offers, pool, basketball, pavilions with grills with parks & walking trails. Subdivision includes a pool, basketball court, bike path, park, and playground. This home is well taken care of by its 1st owner

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: McPherson Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: McPherson Ranch

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
 

$264,600$323,400$294,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,085
Property Tax -$674
Property Insurance -$166
HOA -$34
Property Management Fees -$99
CASH FLOW
-$108

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.

$294,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.56%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,660

INVESTMENT

$83,660

Down Payment
$73,500
Rehab Estimate
$5,750
Closing Costs
$4,410

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,085

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,500
Loan Amount $220,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$7,135

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,983

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$1,9504$2,0005$2,200
$2,200
RENT COMPS ANALYSIS
  • 4044 Landisburg Trail Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,404 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,404 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.81
    •  
  • 12832 Dorset Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2006
    property image
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.73
    •  
  • 4925 Carrotwood Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,219 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,219 Sqft ∙ Built 2004
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.86
    •  
  • 12233 Macaroon Lane Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2005
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.80
    •  
  • 12801 Parkersburg Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 2007
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
PROPERTY LISTING DETAILS
Joo Lee
Neostone Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417734
Last Updated: 08/21/2020
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