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

405 Flowering Plum Lane Fort Worth, TX 76140

4 Beds 2 Baths 2,131 sqft Built 2004

$215,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $100.89
  • 1 Days on Market
  • MLS # : 14536974
  • Updated Date : 03/20/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,131 sqft
  • Baths : 2 full
Listing Agent

Judy Oakes Real Estate Group

Listing Agent's Description

Welcome home!. New paint and flooring throughout, vaulted ceilings and ceiling fan in family room. Roomy kitchen with all new appliances. Master bedroom is separate from the other 3 bedrooms. new toilets in both bathrooms. Master features large walk in closet, garden tub and separate shower. Community includes beautiful Club House, large pool for your use park, jogging trails and pond. Right off I35 and close to shopping, entertainment and dining.

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

Neighborhood: The Parks of Deer Creek

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: The Parks of Deer Creek

NeighborhoodNIR 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
Sidney H. Poynter Elementary School Primary Regular 532 32 3
Crowley High School High Regular 2,033 150 4
Crowley High School High Unknown NA

Sidney H. Poynter Elementary School

  • Education Level: Primary
  • # of students: 532
  • # of teachers: 32
3
GreatSchools Rating

Crowley High School

  • Education Level: High
  • # of students: 2,033
  • # of teachers: 150
4
GreatSchools Rating

Crowley High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$747
Property Tax -$493
Property Insurance -$150
HOA -$79
Property Management Fees -$99
CASH FLOW
$52

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.

$215,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.3%
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$100k$200k$300k$400k$500k$600k$700k$800k

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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$11,608

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,710

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,5953$1,6204$1,6505$1,775
$1,775
RENT COMPS ANALYSIS
  • 405 Flowering Plum Lane Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.76
    •  
  • 527 Elk Run Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 2005
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.82
    •  
  • 400 Fairbrook Lane Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 2005
    property image
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.75
    •  
  • 612 Pineview Lane Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2002
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
  • 420 Rock Prairie Lane Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,206 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,206 Sqft ∙ Built 2004
    property image
    LEASED 03/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.80
    •  
PROPERTY LISTING DETAILS
Judy Oakes
Judy Oakes Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536974
Last Updated: 03/20/2021
BESbswy