Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4708 Mount Hood Road Fort Worth, TX 76137

3 Beds 2 Baths 1,590 sqft Built 1994

$249,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $156.60
  • 3 Days on Market
  • MLS # : 14533322
  • Updated Date : 03/20/2021 at 14:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,590 sqft
  • Baths : 2 full
Listing Agent

R Campbell Realty Llc

Listing Agent's Description

Located in Park Glen subdivision, Keller ISD. This home offers three bedrooms two baths and has been updated with quarts counter tops in kitchen and bathrooms. New vinyl waterproof flooring throughout. Large backyard with shade trees and covered patio, great for backyard BBQs.

SEE MORE

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Park Glen

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
Bluebonnet Elementary School Primary Regular 646 42 5
Fossil Ridge High School High Regular 2,308 133 7
Fossil Ridge High School High Unknown NA

Bluebonnet Elementary School

  • Education Level: Primary
  • # of students: 646
  • # of teachers: 42
5
GreatSchools Rating

Fossil Ridge High School

  • Education Level: High
  • # of students: 2,308
  • # of teachers: 133
7
GreatSchools Rating

Fossil Ridge High School

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

$224,100$273,900$249,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$865
Property Tax -$571
Property Insurance -$119
HOA -$6
Property Management Fees -$99
CASH FLOW
-$9

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.

$249,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$865

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$9,752

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,646

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6503$1,6504$1,6505$1,720
$1,720
RENT COMPS ANALYSIS
  • 4708 Mount Hood Road Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
  • 4749 Misty Ridge Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1996
    property image
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.98
    •  
  • 4732 N Cascades Street Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1993
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.07
    •  
  • 7667 Beaver Head Road Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1995
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
  • 4712 Salmon Run Way Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1995
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.07
    •  
PROPERTY LISTING DETAILS
Kassie Segars
R Campbell Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14533322
Last Updated: 03/20/2021
BESbswy