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4727 Lake Front Drive Haltom City, TX 76137

3 Beds 3 Baths 2,588 sqft Built 2020

$420,575

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $162.51
  • 3 Days on Market
  • MLS # : 14518177
  • Updated Date : 02/12/2021 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,588 sqft
  • Baths : 2 full , 1 half
Listing Agent

David M. Weekley

Listing Agent's Description

NEW DAVID WEEKLEY HOME! The Inwood plan is a new plan that provides a superior living experience. Begin and end each day in the beautiful owner's retreat, which offers a modern bathroom and a wardrobe-expanding walk in closet. The study is an ideal spot for a home office. The family room is open to the kitchen for entertaining in mind. The kitchen includes an island, corner pantry, 5 burner gas cooktop and stacked oven and microwave. Your open concept living space features energy-efficient windows and boundless decorative potential. Ask about our 1-2-10 Year Warranty and SAVE BIG with our Energy Saver Program!

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

Zip Code: 76137

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76137

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$378,518$462,633$420,575

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,461
Property Tax -$947
Property Insurance -$177
HOA -$53
Property Management Fees -$99
CASH FLOW
-$506

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$420,575

PROJECTED PRICE

$2,230

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.6%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,452

INVESTMENT

$113,452

Down Payment
$105,144
Rehab Estimate
$2,000
Closing Costs
$6,309

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,461

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,144
Loan Amount $315,431
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$76

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,284

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1503$2,2004$2,2305$2,500
$2,500
RENT COMPS ANALYSIS
  • 4727 Lake Front Drive Haltom City, TX 4
    • 3 beds 3 baths ∙ 2,588 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,588 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.86
    •  
  • 6601 Bear Hollow Court Watauga, TX 1
    • 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 2000
    property image
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
  • 3745 Redwood Creek Lane Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2009
    property image
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.83
    •  
  • 4029 Esker Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2019
    property image
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.88
    •  
  • 5840 Tuleys Creek Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2009
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jimmy Rado
David M. Weekley
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14518177
Last Updated: 02/12/2021
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