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4512 Angelina Way Fort Worth, TX 76137

4 Beds 2 Baths 1,772 sqft Built 1996

$249,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $141.03
  • 2 Days on Market
  • MLS # : 14503693
  • Updated Date : 01/23/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,772 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Acr

Listing Agent's Description

OPEN HOUSE SUNDAY 1-4 PM. BETTER THAN NEW! This home welcomes you with customs features and updates that will take your breath away from the moment you step in. The open concept living invites you to luxury, with cedar beam vaulted ceilings, and custom gem stone floor to ceiling gas fireplace. Custom cabinets, granite countertops, SS appliances and a gas cooktop make the kitchen perfection. The master is a spacious oasis with a completely updated bath you will DREAM about. Three extra bedrooms with trophy shelves and one that could flex as an office leave this home lacking nothing. Roof 2021, nice backyard, patio, 216 acres of walking trails, disc golf, playgrounds and nearby shopping await! KELLER ISD!

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

Neighborhood: Park Glen

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Park Glen

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
Bluebonnet Elementary School Primary Regular 646 42 5
Fossil Hill Middle School Middle Regular 918 66 6
Fossil Ridge High School High Regular 2,308 133 7

Bluebonnet Elementary School

  • Education Level: Primary
  • # of students: 646
  • # of teachers: 42
5
GreatSchools Rating

Fossil Hill Middle School

  • Education Level: Middle
  • # of students: 918
  • # of teachers: 66
6
GreatSchools Rating

Fossil Ridge High School

  • Education Level: High
  • # of students: 2,308
  • # of teachers: 133
7
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$868
Property Tax -$573
Property Insurance -$130
HOA -$6
Property Management Fees -$99
CASH FLOW
$15

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.

$249,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.4%
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$900k

PROJECTED ANNUAL CASH FLOW

11530-$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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$11,435

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,666

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6453$1,6904$1,7205$1,750
$1,750
RENT COMPS ANALYSIS
  • 4512 Angelina Way Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.95
    •  
  • 7963 Margarita Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,779 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,779 Sqft ∙ Built 1998
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.90
    •  
  • 7868 Orland Park Circle Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 1996
    property image
    LEASED 11/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.89
    •  
  • 4833 Great Divide Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 1995
    property image
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.98
    •  
  • 4621 Angelina Way Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1996
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.99
    •  
PROPERTY LISTING DETAILS
Danielle Doyle
Berkshire Hathawayhs Acr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14503693
Last Updated: 01/23/2021
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