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432 Falling Star Drive Fort Worth, TX 76052

4 Beds 2 Baths 1,886 sqft Built 2019

$259,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $137.33
  • 6 Days on Market
  • MLS # : 14516101
  • Updated Date : 02/12/2021 at 18:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,886 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Like new built in 2019 in great condition home in Sendera Ranch. Master on 1st floor! Large gameroom up. Tenant with lease in place until September, which means you cannot move in until then. Open concept with quartz countertops! Large back yard. Full-size washer dryer area. Gas stove for cooking and built in microwave. Multiple offers - Highest and best due by Saturday Feb 13th by 6pm.

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

Zip Code: 76052

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 76052

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$233,100$284,900$259,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$900
Property Tax -$594
Property Insurance -$136
HOA -$46
Property Management Fees -$99
CASH FLOW
-$44

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.

$259,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

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$74,385

INVESTMENT

$74,385

Down Payment
$64,750
Rehab Estimate
$5,750
Closing Costs
$3,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$900

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,750
Loan Amount $194,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$7,450

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
  • $0.92

    LIST RENT PER SQFT
  • $1,749

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6953$1,7304$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 432 Falling Star Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.92
    •  
  • 728 Poncho Lane Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 2006
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 14112 Esperanza Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 2007
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.86
    •  
  • 14324 Broomstick Road Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2014
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 14421 Chino Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,999 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,999 Sqft ∙ Built 2015
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
PROPERTY LISTING DETAILS
Dana Pollard
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14516101
Last Updated: 02/12/2021
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