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4140 Glen Abbey Drive Fort Worth, TX 76036

3 Beds 3 Baths 2,610 sqft Built 2017

INVESTimate

$269,900

List Price

$1,730

$1,557 - $1,903

Rent Est.

$287,336  ( +6.46%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $103.41
  • 6 Days on Market
  • MLS # : 14418306
  • Updated Date : 08/25/2020 at 15:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,610 sqft
  • Baths : 2 full , 1 half
Listing Agent

Josh Deshong Real Estate, Llc

Listing Agent's Description

Welcome to 4140 Glen Abbey Drive, located in the highly sought after Crowley ISD. This home sits on an expansive cul-de-sac lot with plenty of space for your family to enjoy. You will also appreciate how the yard offers privacy and seclusion with the beautiful trees behind the house. The home itself provides an amazing layout. You will be impressed by the size of the kitchen that opens up in to the main living area. Even the utility room and bathrooms offer more space than your average home does. Your family and guests will fall in love with this home. Come see for yourself!

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: Wellington Point

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $74k300k

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

Neighborhood: Wellington Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
S.h. Crowley Intermediate School Primary Regular 456 26 4
S.h. Crowley Intermediate School Middle Regular 456 26 4
North Crowley High School High Regular 2,442 148 4

S.h. Crowley Intermediate School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 26
4
GreatSchools Rating

S.h. Crowley Intermediate School

  • Education Level: Middle
  • # of students: 456
  • # of teachers: 26
4
GreatSchools Rating

North Crowley High School

  • Education Level: High
  • # of students: 2,442
  • # of teachers: 148
4
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$996
Property Tax -$669
Property Insurance -$178
HOA -$31
Property Management Fees -$99
CASH FLOW
-$243

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.

$269,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 6.46%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$774

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,631

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,7304$1,7505$1,825
$1,825
RENT COMPS ANALYSIS
  • 4140 Glen Abbey Drive Crowley, TX 3
    • 3 beds 3 baths ∙ 2,610 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,610 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.66
    •  
  • 9121 Cheswick Drive Fort Worth, TX 1
    • 3 beds 3 baths ∙ 2,538 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,538 Sqft ∙ Built 2006
    property image
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.63
    •  
  • 4105 Hunters Creek Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,810 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,810 Sqft ∙ Built 2002
    property image
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.59
    •  
  • 9224 Peaceful Terrace Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2004
    property image
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.63
    •  
  • 8733 Stonebriar Lane Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,803 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,803 Sqft ∙ Built 1999
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.65
    •  
PROPERTY LISTING DETAILS
Michael Dobbs
Josh Deshong Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418306
Last Updated: 08/25/2020
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