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4329 Donnelly Avenue Fort Worth, TX 76107

4 Beds 3 Baths 2,437 sqft Built 2017

$475,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $194.91
  • 3 Days on Market
  • MLS # : 14492723
  • Updated Date : 01/01/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,437 sqft
  • Baths : 3 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

With numerous smart home features, native Texas landscaping and Tesla solar panels, this Arlington Heights home was built with energy efficiency in mind. A bright, upgraded kitchen features stainless steel appliances and opens into the dining and living area to provide a great space for entertaining. Spacious master and ensuite with dual vanities and separate soaking tub. Stylish design with hardwoods throughout. 2 additional beds and office located on the main floor. Second level offers a bed, bath and flex space with cork floors. Large privacy fenced backyard with alley access.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Alamo Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $76k243k

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

Neighborhood: Alamo Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6911734

* 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
South Hi Mount Elementary School Primary Regular 543 32 6
W.c. Stripling Middle School Middle Regular 690 41 6
Arlington Heights High School High Regular 1,831 114 4

South Hi Mount Elementary School

  • Education Level: Primary
  • # of students: 543
  • # of teachers: 32
6
GreatSchools Rating

W.c. Stripling Middle School

  • Education Level: Middle
  • # of students: 690
  • # of teachers: 41
6
GreatSchools Rating

Arlington Heights High School

  • Education Level: High
  • # of students: 1,831
  • # of teachers: 114
4
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,753
Property Tax -$1,089
Property Insurance -$168
Property Management Fees -$99
CASH FLOW
-$608

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.

$475,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 11.5%
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$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$128

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $3,162

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,9953$3,1004$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 4329 Donnelly Avenue Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.03
    •  
  • 5308 Pershing Avenue Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2016
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.22
    •  
  • 5507 El Campo Avenue Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,530 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,530 Sqft ∙ Built 1998
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.23
    •  
  • 3720 Clarke Avenue Fort Worth, TX 4
    • 3 beds 3 baths ∙ 2,691 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,691 Sqft ∙ Built 2003
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.30
    •  
  • 3912 Linden Avenue Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2012
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.44
    •  
PROPERTY LISTING DETAILS
John Zimmerman
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492723
Last Updated: 01/01/2021
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