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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76179
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$60,804
LOAN DETAILS
$819
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $55,475 |
| Loan Amount | $166,425 |
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
-
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
Keller Williams Dfw Preferred
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14470686
Last Updated: 11/19/2020
