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432 Pheasant Hill Lane Fort Worth, TX 76028

4 Beds 3 Baths 3,064 sqft Built 2020

$375,727

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $122.63
  • 3 Days on Market
  • MLS # : 14474956
  • Updated Date : 11/20/2020 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,064 sqft
  • Baths : 2 full , 1 half
Listing Agent

Gehan Homes Brokerage, Llc

Listing Agent's Description

Brand NEW Two-Story Gehan Home with 4 Bedrooms, 2.5 Bathrooms, 2 Car Garage and so much more! This home has a covered back patio, spacious pantry, open concept from kitchen to family. An elegant entry welcomes you with style, with high ceilings. The spacious kitchen features hardwood floors and a large island. The cozy breakfast nook offers a unique view to the family room. Enjoy the relaxing master suite and a luxurious master bath. This plan offers plenty of room to grow.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Zip Code: 76028

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $119k258k

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

Zip Code: 76028

ZipNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

* 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.
 

$338,154$413,300$375,727

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,386
Property Tax -$901
Property Insurance -$204
HOA -$18
Property Management Fees -$99
CASH FLOW
-$509

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$375,727

PROJECTED PRICE

$2,100

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 3.00%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,568

INVESTMENT

$101,568

Down Payment
$93,932
Rehab Estimate
$2,000
Closing Costs
$5,636

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,932
Loan Amount $281,795
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$46

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,091

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9953$1,9954$2,0505$2,100
$2,100
RENT COMPS ANALYSIS
  • 432 Pheasant Hill Lane Fort Worth, TX 5
    • 4 beds 3 baths ∙ 3,064 Sqft ∙ Built 2020 4 beds 3 baths ∙ 3,064 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.69
    •  
  • 301 Centennial Place Crowley, TX 1
    • 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2002
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.66
    •  
  • 12529 Patnoe Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,815 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,815 Sqft ∙ Built 2006
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.71
    •  
  • 12613 Summerwood Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 2,948 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,948 Sqft ∙ Built 2006
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.68
    •  
  • 12528 Panorama Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 3,028 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,028 Sqft ∙ Built 2007
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.68
    •  
PROPERTY LISTING DETAILS
April Maki
Gehan Homes Brokerage, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474956
Last Updated: 11/20/2020
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