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4633 Mountain Oak Street Fort Worth, TX 76244

4 Beds 2 Baths 2,105 sqft Built 2007

$249,500

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $118.53
  • 3 Days on Market
  • MLS # : 14505916
  • Updated Date : 01/30/2021 at 21:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,105 sqft
  • Baths : 2 full
Listing Agent

Dave Perry Miller Real Estate

Listing Agent's Description

Beautifully updated home with a smart, open floor plan in Keller ISD! Split bedrooms ensure quiet and privacy for the spacious owner's retreat. The huge kitchen can accommodate an island for even more workspace, and a massive walk-in pantry holds food, appliances, everything! Adjacent second living area with a cozy fireplace is a perfect TV room, playroom, or even home school classroom. The office serves as an optional fourth bedroom with a closet. Builder upgrades and updates include high-grade wood laminate floors, front landscape lighting, covered back patio, soaking tub with walk-in shower in owner's retreat, brick inlaid front porch, sprinkler system, and upgraded fireplace.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Timberland

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Timberland

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Ridgeview Elementary School Primary Regular 634 42 9
Timbercreek High School High Regular 2,957 160 8
Ridgeview Elementary School Primary Unknown NA

Ridgeview Elementary School

  • Education Level: Primary
  • # of students: 634
  • # of teachers: 42
9
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students: 2,957
  • # of teachers: 160
8
GreatSchools Rating

Ridgeview Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$224,550$274,450$249,500

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$867
Property Tax -$572
Property Insurance -$149
HOA -$23
Property Management Fees -$99
CASH FLOW
$51

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.

$249,500

PROJECTED PRICE

$1,760

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,868

INVESTMENT

$71,868

Down Payment
$62,375
Rehab Estimate
$5,750
Closing Costs
$3,743

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,375
Loan Amount $187,125
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$13,684

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,760

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,752

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,690
1$1,6902$1,7003$1,7504$1,7605$1,850
$1,850
RENT COMPS ANALYSIS
  • 4633 Mountain Oak Street Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.84
    •  
  • 4628 Mountain Oak Street Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2007
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.80
    •  
  • 12605 Pricklybranch Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2007
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.81
    •  
  • 12721 Cedar Hollow Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2007
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
  • 12657 Mourning Dove Lane Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2008
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.89
    •  
PROPERTY LISTING DETAILS
Jamie Kohlmann
Dave Perry Miller Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505916
Last Updated: 01/30/2021
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