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4133 Wilderness Pass Fort Worth, TX 76262

3 Beds 2 Baths 2,153 sqft Built 2016

$410,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $190.43
  • 5 Days on Market
  • MLS # : 14519669
  • Updated Date : 02/24/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,153 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Amazing home kept to perfection & picture-perfect overlooking the greenbelt! Entry leads past french door study to the gourmet ktchn with quartz countertops, ss appliances & an abundance of cabinet space to delight the chef. Adjoining dining area opens to spacious liv rm with a wall of windows overlooking the bright sunroom. Glass doors open to an extended patio with pergola. Split primary suite features view of greenbelt & spa-like bath with huge walk-in closet, separate shower, & tranquil soaking tub! 2 additional bdrms & a bonus rm share a jack &jill bath!! Tons of storage has been added including flooring much of the attic & adding an attic lift for easy access. OWNERS WILL CLOSE ON OR AFTER APRIL 8th.

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: Seventeen Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k415k

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

Neighborhood: Seventeen Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262706

* 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
Cox Elementary Primary Unknown NA
John M. Tidwell Middle School Middle Regular 1,048 65 8
Byron Nelson High School High Unknown NA

Cox Elementary

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

John M. Tidwell Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 65
8
GreatSchools Rating

Byron Nelson High School

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

$369,000$451,000$410,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,424
Property Tax -$854
Property Insurance -$152
HOA -$60
Property Management Fees -$99
CASH FLOW
-$169

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.

$410,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$7,112

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,454

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,4003$2,4204$2,6005$2,650
$2,650
RENT COMPS ANALYSIS
  • 4133 Wilderness Pass Fort Worth, TX 3
    • 3 beds 2 baths ∙ 2,153 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,153 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $1.12
    •  
  • 3936 Eaglerun Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 2006
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.07
    •  
  • 14305 Tupper Trail Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 2019
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.13
    •  
  • 4537 Wilderness Pass Fort Worth, TX 4
    • 3 beds 3 baths ∙ 2,120 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,120 Sqft ∙ Built 2017
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.23
    •  
  • 14700 Cedar Flat Way Roanoke, TX 5
    • 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 2016
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.13
    •  
PROPERTY LISTING DETAILS
Crystal Zschirnt
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14519669
Last Updated: 02/24/2021
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