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4536 Skipador Drive Fort Worth, TX 76179

3 Beds 2 Baths 1,236 sqft Built 2020

$221,900

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $179.53
  • 4 Days on Market
  • MLS # : 14470686
  • Updated Date : 11/19/2020 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,236 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Dfw Preferred

Listing Agent's Description

MUST SEE! LGI Homes Rio Grande floorplan. This beautiful home is perfect for those wanting to live in the sought after Quarter Horse Subdivision. The fantastic property shines with whirlpool appliances, granite countertops, fully fenced back yard, WiFi enabled garage opener, professionally landscaped front yard and rear sod. This home has been lived in for less that one year and still is under warranty. The builder is no longer building this floorplan, at this property, so it truly is a great opportunity. Small piece of flooring in front of guest bathroom is being replaced to match existing flooring throughout.

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: 76179

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76179

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Bryson Elementary School Primary Regular 473 34 5
Wayside Middle School Middle Regular 943 52 6
Boswell High School High Regular 1,605 106 7

Bryson Elementary School

  • Education Level: Primary
  • # of students: 473
  • # of teachers: 34
5
GreatSchools Rating

Wayside Middle School

  • Education Level: Middle
  • # of students: 943
  • # of teachers: 52
6
GreatSchools Rating

Boswell High School

  • Education Level: High
  • # of students: 1,605
  • # of teachers: 106
7
GreatSchools Rating
 

$199,710$244,090$221,900

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$819
Property Tax -$540
Property Insurance -$99
Property Management Fees -$99
CASH FLOW
-$286

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.

$221,900

PROJECTED PRICE

$1,270

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.5%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$5.0k-$4.0k-$3.0k-$2.0k-$1.0k$0.0$1.0k$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,804

INVESTMENT

$60,804

Down Payment
$55,475
Rehab Estimate
$2,000
Closing Costs
$3,329

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$819

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,475
Loan Amount $166,425
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$92

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,267

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,270
1$1,2702$1,5253$1,5504$1,5755$1,635
$1,635
RENT COMPS ANALYSIS
  • 4536 Skipador Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,236 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,236 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $1.03
    •  
  • 4521 Badlands Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 2006
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.04
    •  
  • 8637 Gray Shale Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 2009
    LEASED 07/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.00
    •  
  • 8604 Gray Shale Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2009
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.03
    •  
  • 8517 Three Bars Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2006
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $1.03
    •  
PROPERTY LISTING DETAILS
Courtney Lawless
Keller Williams Dfw Preferred
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470686
Last Updated: 11/19/2020
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