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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $123.73
- 4 Days on Market
- MLS # : 14521241
- Updated Date : 02/26/2021 at 08:09
CONSTRUCTION
- Beds : 4
- Floor Size : 4,202 sqft
- Baths : 3 full , 1 half
Listing Agent
Compass Re Texas, Llc
Listing Agent's Description
This beautiful home has it all! Culdesac lot, 3-car garage, media room, first floor master suite, office, & hardwood floors. The open island kitchen is elegantly appointed with granite counters, 5-burner gas cooktop, painted & glass cabinets, stainless appliances, built-in desk, and pantry. Desirable plan with master suite and guest suite downstairs. Gorgeous wall of windows in family room makes the home light and bright. Fantastic covered outdoor living space with built in grill, burners, fridge, and fireplace. Upstairs features media room equipped with 10 seats, projector, & screen, plus gameroom, cards room, & 2 bedrooms with Jack-n-Jill bathroom. 2 staircases. Low maintenance backyard with raised planters.
SEE MORE
- . 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: Heritage
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Heritage
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,840 |
| EXPENSES | Loan Payment | -$1,806 |
| Property Tax | -$1,192 | |
| Property Insurance | -$270 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$560
|
||
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.
$519,900
PROJECTED PRICE
$2,840
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$143,524
LOAN DETAILS
$1,806
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $129,975 |
| Loan Amount | $389,925 |
0.25
YEARS SAVED
$264
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,840
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$2,899
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
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4128 Willingham Court Fort Worth, TX 3
- 4 beds 4 baths ∙ 4,202 Sqft ∙ Built 2002 4 beds 4 baths ∙ 4,202 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $2,840
- $0.68
-
9720 Barksdale Drive Fort Worth, TX 1
- 5 beds 4 baths ∙ 3,995 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,995 Sqft ∙ Built 2004
LEASED 10/04/19- Rent
- Rent Per SQFT
- $2,700
- $0.68
-
10252 Paintbrush Drive Fort Worth, TX 2
- 5 beds 4 baths ∙ 4,466 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,466 Sqft ∙ Built 2006
LEASED 05/29/20- Rent
- Rent Per SQFT
- $2,750
- $0.62
-
4000 Vernon Way Fort Worth, TX 4
- 4 beds 4 baths ∙ 3,885 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,885 Sqft ∙ Built 2005
LEASED 04/25/20- Rent
- Rent Per SQFT
- $3,000
- $0.77
PROPERTY LISTING DETAILS
Compass Re Texas, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14521241
Last Updated: 02/26/2021
