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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $132.61
- 2 Days on Market
- MLS # : 14480301
- Updated Date : 12/19/2020 at 17:46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,809 sqft
- Baths : 2 full
Listing Agent
Jl Marsaw & Co
Listing Agent's Description
Open and spacious floorpan with updates galore: New Roof completed December 2020, new gutters Dec 2020, new carpet Dec 2020, fresh exterior paint Dec 2020, AC core replaced in Summer 2020, and gas line installed for kitchen in 2018. Home features wood style floors in living area, fireplace, and walk in pantry. Great kitchen which includes breakfast bar, and plenty of counter and cabinet space. Spacious master suite and nice size bedrooms will provide privacy and comfort. Buyer and buyer agent to verifying all information contained herein.
SEE MORE
- # 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Vista Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vista Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$885 |
| Property Tax | -$550 | |
| Property Insurance | -$132 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$59
|
||
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.
$239,900
PROJECTED PRICE
$1,640
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.7% |
| 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
$69,324
LOAN DETAILS
$885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
3.25
YEARS SAVED
$7,852
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,637
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
4624 Matthew Drive Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2003
![property image]()
- Rent
- Rent Per SQFT
- $1,640
- $0.91
-
9964 Sourwood Drive Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2003
![property image]()
LEASED 03/03/20- Rent
- Rent Per SQFT
- $1,650
- $0.92
-
10104 Sourwood Drive Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2004
![property image]()
LEASED 04/07/20- Rent
- Rent Per SQFT
- $1,650
- $0.90
-
4632 Matthew Drive Fort Worth, TX 4
- 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 2003
![property image]()
LEASED 02/26/20- Rent
- Rent Per SQFT
- $1,685
- $0.87
-
4625 Indian Rock Drive Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 2003
![property image]()
LEASED 04/21/20- Rent
- Rent Per SQFT
- $1,750
- $0.93
PROPERTY LISTING DETAILS
Jl Marsaw & Co
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14480301
Last Updated: 12/19/2020
