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

413 Prairie Gulch Drive Fort Worth, TX 76140

3 Beds 2 Baths 1,840 sqft Built 2002

$220,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $119.57
  • 3 Days on Market
  • MLS # : 14517448
  • Updated Date : 02/13/2021 at 08:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,840 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arlington

Listing Agent's Description

MULTIPLE OFFERS RECEIVED! HIGHEST & BEST BY SUNDAY 02.14 AT 9PM. Exquisite single story property located in the Parks of Deer Creek community within minutes of shopping, dining and I-35W. Pride of ownership shows with this move in ready floor plan boasting tons of windows bringing in natural light, gorgeous laminate and wood-look tile floors. Flex room can be used as office, dining room or play room. Spacious kitchen boasting tons of cabinet and counter space, breakfast bar with convenient access to dining area while overlooking the living room. Expansive owners retreat offers dual vanities, separate garden tub and shower and large walk in closet. Crowley ISD. Welcome HOME!

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: 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
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$764
Property Tax -$504
Property Insurance -$134
HOA -$40
Property Management Fees -$99
CASH FLOW
$119

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.

$220,000

PROJECTED PRICE

$1,660

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$900k

PROJECTED ANNUAL CASH FLOW

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

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$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$18,237

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,674

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5953$1,6004$1,6605$1,800
$1,800
RENT COMPS ANALYSIS
  • 413 Prairie Gulch Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.90
    •  
  • 417 Rock Prairie Lane Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,790 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,790 Sqft ∙ Built 2004
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 10900 Fawn Valley Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,657 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,657 Sqft ∙ Built 2002
    property image
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
  • 11129 Boulder Ridge Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2003
    property image
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.87
    •  
  • 421 Beechgrove Terrace Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 2015
    property image
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
PROPERTY LISTING DETAILS
Jean Christenberry
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517448
Last Updated: 02/13/2021
BESbswy