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4745 Poppy Drive 
Fort Worth, TX
76137
3 Beds 2 Baths 1,375 sqft
Built 1984
INVESTimate
$199,900
List Price
$58,724
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PROPERTY INFO
FACTS
- Built In 1984
- Price/Sqft : $145.38
- 2 Days on Market
- MLS # : 14418522
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,375 sqft
- Baths : 2 full
Listing Agent
Jp And Associates Keller
Listing Agent's Description
Gorgeous completely updated 3 bedroom, 2 bathroom home with open concept in Keller ISD, updates Includes Stainless Steel Appliances, Granite Counter, New Luxury Water Resistant Laminate Flooring,New Carpet in Bedrooms, NEW windows, Fresh Interior & Exterior,Vaulted ceiling. Master Suite Includes Double Vanity Sinks. Foundation work is done with transferable warranty! Come see this home move-in ready home, you do not want to miss out. Sellers Financing available!!!
SEE MORE
- . 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: Summerfields
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Summerfields
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,390 |
| EXPENSES | Loan Payment | -$738 |
| Property Tax | -$458 | |
| Property Insurance | -$107 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$11
|
||
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.
$199,900
PROJECTED PRICE
$1,390
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 11.68% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$58,724
LOAN DETAILS
$738
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $49,975 |
| Loan Amount | $149,925 |
4.17
YEARS SAVED
$9,178
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,390
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,389
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
4745 Poppy Drive Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $1,390
- $1.01
-
4776 Veronica Circle Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1986
LEASED 10/22/19- Rent
- Rent Per SQFT
- $1,250
- $1.05
-
6742 Fire Hill Drive Fort Worth, TX 3
- 3 beds 3 baths ∙ 1,377 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,377 Sqft ∙ Built 1984
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,395
- $1.01
-
6735 Silver Sage Drive Fort Worth, TX 4
- 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1987
LEASED 08/29/19- Rent
- Rent Per SQFT
- $1,450
- $0.97
-
6920 Black Wing Drive Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1990
LEASED 07/22/20- Rent
- Rent Per SQFT
- $1,549
- $1.01
PROPERTY LISTING DETAILS
Jp And Associates Keller
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14418522
Last Updated: 08/25/2020
