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4412 Southbend Drive Fort Worth, TX 76123

4 Beds 3 Baths 2,780 sqft Built 2004

$314,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $113.27
  • 3 Days on Market
  • MLS # : 14470834
  • Updated Date : 11/14/2020 at 10:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,780 sqft
  • Baths : 3 full
Listing Agent

Engel & Volkers Fort Worth

Listing Agent's Description

PRISTINE BEAUTIFUL. (MORE PHOTOS WHEN PAINTING IS DONE) PERFECT Floor plan. Crown Molding, Wonderful wood floors, lots of windows.Large Living room-area for Dining room table. 3 Bdrms down - split bedroom arrangement. Upstairs- Large room with closet- bedroom or use a media-play room. Storage! Master Bedrm ensuite- high-end wool carpet, large Master closet-garden tub separate shower. Chefs kitchen-Stainless appliances (frig.washer & Dryer stays with acceptable offer)- Breakfast Bar, island, 2nd dining area. 2nd living area with fireplace- open sunny room! Don't miss this wonderful Home. Covered patio-back yard. Mature trees-Tangerine tree, flower beds. Community Pool, Jogging Trails & more! Easy to SHOW!!!

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: Summer Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Summer Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
Sue Crouch Intermediate School Primary Regular 501 27 5
Sue Crouch Intermediate School Middle Regular 501 27 5
North Crowley High School High Regular 2,442 148 4

Sue Crouch Intermediate School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 27
5
GreatSchools Rating

Sue Crouch Intermediate School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 27
5
GreatSchools Rating

North Crowley High School

  • Education Level: High
  • # of students: 2,442
  • # of teachers: 148
4
GreatSchools Rating
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,162
Property Tax -$722
Property Insurance -$188
HOA -$16
Property Management Fees -$99
CASH FLOW
-$436

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.

$314,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.7%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

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$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$30

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,758

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7503$1,7504$1,7505$1,995
$1,995
RENT COMPS ANALYSIS
  • 4412 Southbend Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.63
    •  
  • 4105 Hunters Creek Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,810 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,810 Sqft ∙ Built 2002
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.59
    •  
  • 9224 Peaceful Terrace Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2004
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.63
    •  
  • 9112 Penny Lane Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2006
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.60
    •  
  • 8233 Cedarcrest Lane Fort Worth, TX 5
    • 5 beds 3 baths ∙ 2,822 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,822 Sqft ∙ Built 2003
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.71
    •  
PROPERTY LISTING DETAILS
Pamela Robinson Nelon
Engel & Volkers Fort Worth
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470834
Last Updated: 11/14/2020
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