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4500 Duck Creek Lane Fort Worth, TX 76262

4 Beds 3 Baths 3,364 sqft Built 2013

$550,000

List Price

$2,750

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $163.50
  • 4 Days on Market
  • MLS # : 14500092
  • Updated Date : 01/14/2021 at 14:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,364 sqft
  • Baths : 3 full
Listing Agent

Shirley Boulter Davis, Realtor

Listing Agent's Description

Stunning Drees Custom Homes model home up for sale! Popular Brendan C floorplan 2 story with gameroom and media upstairs and 2 bedrooms up. Check out the size of the family room, media & gamerooom! This home has enough room for everyone and is appointed with upgrades galore! A gorgeous kitchen with custom cabinetry and beautiful countertops, a master suite with spa like bath to retreat from a hard day. This home has it all. Come and check it out today!

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: Seventeen Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k415k

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

Neighborhood: Seventeen Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262699

* 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
Cox Elementary Primary Unknown NA
John M. Tidwell Middle School Middle Regular 1,048 65 8

Cox Elementary

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

John M. Tidwell Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 65
8
GreatSchools Rating
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$1,910
Property Tax -$1,146
Property Insurance -$222
HOA -$60
Property Management Fees -$99
CASH FLOW
-$687

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.

$550,000

PROJECTED PRICE

$2,750

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.2%
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$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$74

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,750

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,851

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,5003$2,7504$3,2005$3,400
$3,400
RENT COMPS ANALYSIS
  • 4500 Duck Creek Lane Fort Worth, TX 3
    • 4 beds 3 baths ∙ 3,364 Sqft ∙ Built 2013 4 beds 3 baths ∙ 3,364 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.82
    •  
  • 15400 Yarberry Drive Fort Worth, TX 1
    • 5 beds 4 baths ∙ 3,330 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,330 Sqft ∙ Built 2007
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.75
    •  
  • 15584 Yarberry Drive Fort Worth, TX 2
    • 4 beds 4 baths ∙ 3,293 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,293 Sqft ∙ Built 2012
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.76
    •  
  • 15028 Seventeen Lakes Boulevard Fort Worth, TX 4
    • 5 beds 4 baths ∙ 3,526 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,526 Sqft ∙ Built 2014
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.91
    •  
  • 1064 Highpoint Way Roanoke, TX 5
    • 4 beds 4 baths ∙ 3,491 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,491 Sqft ∙ Built 2016
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.97
    •  
PROPERTY LISTING DETAILS
Shirley Davis
Shirley Boulter Davis, Realtor
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500092
Last Updated: 01/14/2021
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