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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $129.22
- 3 Days on Market
- MLS # : 14504087
- Updated Date : 01/23/2021 at 18:30
CONSTRUCTION
- Beds : 4
- Floor Size : 1,896 sqft
- Baths : 2 full
Listing Agent
Re/max Trinity
Listing Agent's Description
MULTIPLE OFFERS! Highest and Best by Sunday 1-23-2021 at 5pm. Welcome home to this beautiful 4 bed (or 3+study) home in the Park Glen subdivision. This home has been well taken care of and is waiting for its new owners. Spacious kitchen with window seat, granite and painted cabinets make this a delight for the best of chefs. Large living area with gas start fireplace and formal dining make the home perfect for entertaining. The floor plan boasts split bedrooms with a spacious master bedroom and large closet. The large open extended patio with landscaping will be wonderful for those Texas evenings. This family friendly neighborhood has a park and walking trails within the community. Keller ISD.
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: Park Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Park Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$851 |
| Property Tax | -$562 | |
| Property Insurance | -$137 | |
| HOA | -$6 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$86
|
||
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.
$245,000
PROJECTED PRICE
$1,740
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$70,675
LOAN DETAILS
$851
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
6
YEARS SAVED
$16,705
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,768
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
4621 Tanque Drive Fort Worth, TX 5
- 4 beds 2 baths ∙ 1,896 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,896 Sqft ∙ Built 1999
![property image]()
- Rent
- Rent Per SQFT
- $1,740
- $0.92
-
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
-
4665 Parkmount Drive Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 1998
![property image]()
LEASED 07/14/20- Rent
- Rent Per SQFT
- $1,700
- $0.90
-
4601 Mustang Drive Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1997
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,700
- $0.95
-
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
PROPERTY LISTING DETAILS
Re/max Trinity
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14504087
Last Updated: 01/23/2021
