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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $101.74
- 4 Days on Market
- MLS # : 14512785
- Updated Date : 02/04/2021 at 16:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,015 sqft
- Baths : 2 full
Listing Agent
Briggs Freeman Sotheby's Int'l
Listing Agent's Description
Wonderful 4 bedroom family home located on a corner lot! This traditional home has great curb appeal including a large yard shaded by mature trees. Inside you will find a spacious den great for a family gatherings and entertaining which looks out to the large covered patio. The updated private master bath offers dual sinks, a large shower and his and hers closets. The hall bath is also updated with new countertops and tile.
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
Neighborhood: Meadows of Candleridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meadows of Candleridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$712 |
| Property Tax | -$470 | |
| Property Insurance | -$144 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$195
|
||
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.
$205,000
PROJECTED PRICE
$1,620
PROJECTED RENT
0.79%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 10.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$60,075
LOAN DETAILS
$712
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $51,250 |
| Loan Amount | $153,750 |
8.67
YEARS SAVED
$24,223
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,602
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
4616 Yellowleaf Drive Fort Worth, TX 2
- 4 beds 2 baths ∙ 2,015 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,015 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $1,620
- $0.80
-
4613 Ringold Drive Fort Worth, TX 1
- 3 beds 2 baths ∙ 2,059 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,059 Sqft ∙ Built 1983
LEASED 03/20/20- Rent
- Rent Per SQFT
- $1,400
- $0.68
-
4401 Yellowleaf Drive Fort Worth, TX 3
- 4 beds 2 baths ∙ 2,170 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,170 Sqft ∙ Built 1983
LEASED 02/13/20- Rent
- Rent Per SQFT
- $1,650
- $0.76
-
7709 Mahonia Drive Fort Worth, TX 4
- 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 1985
LEASED 10/22/20- Rent
- Rent Per SQFT
- $1,750
- $0.88
-
7974 Belladonna Drive Fort Worth, TX 5
- 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 1999
LEASED 07/20/20- Rent
- Rent Per SQFT
- $1,815
- $0.86
PROPERTY LISTING DETAILS
Briggs Freeman Sotheby's Int'l
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14512785
Last Updated: 02/04/2021
