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4220 Stone Hollow Way Fort Worth, TX 76040

3 Beds 2 Baths 1,556 sqft Built 1996

$268,900

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $172.81
  • 3 Days on Market
  • MLS # : 14522713
  • Updated Date : 02/26/2021 at 11:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,556 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Open House -Saturday Feb. 27 12:00-2:00. Well Maintained Single Story Home. Entry with archway opens to living room and kitchen. Spacious kitchen with island, stainless steel appliances, pantry and dining area with plantation shutters. Cast stone fireplace in living room with wall of windows to view backyard and patio. Split master bedroom suite includes garden tub, separate shower, double sink vanity and walk in closet. Extended open patio. Sprinkler system. Roof replaced in 2020, tankless water heater replaced in 2019. Refrigerator stays with 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: Stone Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260kPrice in $122k269k

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

Neighborhood: Stone Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9931808

* 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
Trinity High School High Regular 2,416 136 7

Trinity High School

  • Education Level: High
  • # of students: 2,416
  • # of teachers: 136
7
GreatSchools Rating
 

$242,010$295,790$268,900

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$934
Property Tax -$616
Property Insurance -$117
Property Management Fees -$99
CASH FLOW
-$97

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.

$268,900

PROJECTED PRICE

$1,670

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.1%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,009

INVESTMENT

$77,009

Down Payment
$67,225
Rehab Estimate
$5,750
Closing Costs
$4,034

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$934

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,225
Loan Amount $201,675
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,418

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,661

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,670
1$1,6702$1,7503$1,8004$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 4220 Stone Hollow Way Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $1.07
    •  
  • 12916 Chittamwood Trail Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1999
    property image
    LEASED 02/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
  • 12841 Chittamwood Trail Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 1998
    property image
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.06
    •  
  • 13301 Spinning Glen Street Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 2001
    property image
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.07
    •  
  • 4124 Stone Hollow Way Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1996
    property image
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.11
    •  
PROPERTY LISTING DETAILS
Toni Mcmillon
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522713
Last Updated: 02/26/2021
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