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4301 Pheasant Walk Street 
Fort Worth, TX
76133
3 Beds 3 Baths 2,256 sqft
Built 1980
INVESTimate
$205,000
List Price
$60,075
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PROPERTY INFO
FACTS
- Built In 1980
- Price/Sqft : $90.87
- 2 Days on Market
- MLS # : 14420588
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,256 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Arlington
Listing Agent's Description
Wonderful home on corner lot in Candleridge. Home has rear entry garage, sunken living room with see through wood burning fireplace, 3 bedrooms, 2 and a half bathrooms and formal dining space. unique features include vaulted ceilings, sunken bathtubs, his and her closets, and large designated laundry room. Home being sold as is and is priced accordingly.
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: Candleridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Candleridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$756 |
| Property Tax | -$525 | |
| Property Insurance | -$158 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$333
|
||
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.
$205,000
PROJECTED PRICE
$1,870
PROJECTED RENT
0.91%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 9.63% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$60,075
LOAN DETAILS
$756
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $51,250 |
| Loan Amount | $153,750 |
11.67
YEARS SAVED
$42,627
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,872
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
4301 Pheasant Walk Street Fort Worth, TX 5
- 3 beds 3 baths ∙ 2,256 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,256 Sqft ∙ Built 1980
![property image]()
- Rent
- Rent Per SQFT
- $1,870
- $0.83
-
6408 Welch Avenue Fort Worth, TX 1
- 3 beds 2 baths ∙ 2,112 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,112 Sqft ∙ Built 1969
![property image]()
LEASED 09/27/19- Rent
- Rent Per SQFT
- $1,695
- $0.80
-
4308 Sparrow Court Fort Worth, TX 2
- 3 beds 2 baths ∙ 2,179 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,179 Sqft ∙ Built 1978
![property image]()
LEASED 10/03/19- Rent
- Rent Per SQFT
- $1,800
- $0.83
-
4533 Cinnamon Hill Drive Fort Worth, TX 3
- 3 beds 2 baths ∙ 2,220 Sqft ∙ Built 1976 3 beds 2 baths ∙ 2,220 Sqft ∙ Built 1976
![property image]()
LEASED 07/30/20- Rent
- Rent Per SQFT
- $1,800
- $0.81
-
3701 Misty Meadow Drive Fort Worth, TX 4
- 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 1979
![property image]()
LEASED 04/27/20- Rent
- Rent Per SQFT
- $1,850
- $0.88
PROPERTY LISTING DETAILS
Keller Williams Arlington
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420588
Last Updated: 08/25/2020
