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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $109.78
- 3 Days on Market
- MLS # : 14488129
- Updated Date : 12/18/2020 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,596 sqft
- Baths : 2 full , 1 half
Listing Agent
Compass Re Texas, Llc.
Listing Agent's Description
Open House December, 19th 1-3. Updated 4 bedroom 2 and a half bath home in highly sought after Keller ISD! Home features stainless steel appliances, solid surface countertops, FRESH interior paint throughout, BRAND new vinyl flooring, and BRAND new carpet. The kitchen has newly painted cabinetry and opens to the living room, perfect for entertaining. The master suite offers double sinks, separate tub and shower, walk in closet, and is conveniently located on the first level. 3 additional bedrooms, full bath, and game room upstairs. Great location! Close to shopping, dining, and entertainment. Easy access to major highways. This home is move in ready! See it today before it’s too late!
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 | $1,940 |
| EXPENSES | Loan Payment | -$1,052 |
| Property Tax | -$653 | |
| Property Insurance | -$177 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$74
|
||
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.
$285,000
PROJECTED PRICE
$1,940
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
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
3.17
YEARS SAVED
$8,781
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,934
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
4628 Matthew Drive Fort Worth, TX 4
- 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $1,940
- $0.75
-
4609 Matthew Drive Fort Worth, TX 1
- 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 2005
![property image]()
LEASED 12/20/19- Rent
- Rent Per SQFT
- $1,850
- $0.71
-
10401 Donnis Drive Fort Worth, TX 2
- 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 2008
![property image]()
LEASED 04/18/20- Rent
- Rent Per SQFT
- $1,900
- $0.76
-
4613 Indian Rock Drive Fort Worth, TX 3
- 4 beds 3 baths ∙ 2,729 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,729 Sqft ∙ Built 2004
![property image]()
LEASED 07/06/20- Rent
- Rent Per SQFT
- $1,900
- $0.70
-
9729 Stripling Drive Fort Worth, TX 5
- 3 beds 3 baths ∙ 2,467 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,467 Sqft ∙ Built 2006
![property image]()
LEASED 08/11/20- Rent
- Rent Per SQFT
- $1,995
- $0.81
PROPERTY LISTING DETAILS
Compass Re Texas, Llc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488129
Last Updated: 12/18/2020
