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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $123.52
- 3 Days on Market
- MLS # : 14504907
- Updated Date : 01/22/2021 at 19:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,428 sqft
- Baths : 2 full
Listing Agent
Offerpad Brokerage, Llc
Listing Agent's Description
Don't miss this single level home in Summer Creek Ranch! This home has been refreshed with new interior paint and new flooring. High ceilings and lots of natural light throughout. The kitchen features new granite countertops and stainless steel appliances. The primary ensuite bathroom has dual sinks, separate shower and tub, and a walk in closet. Other rooms are spacious. The fenced backyard has a covered patio. Vacant and ready for viewing, come see!
SEE MORE
- 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: Summer Creek Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Summer Creek Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,840 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$687 | |
| Property Insurance | -$168 | |
| HOA | -$48 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$203
|
||
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.
$299,900
PROJECTED PRICE
$1,840
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.7% |
| 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
$85,224
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
1.25
YEARS SAVED
$1,844
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$2,003
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
4748 Poplar Ridge Drive Fort Worth, TX 3
- 4 beds 2 baths ∙ 2,428 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,428 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,840
- $0.76
-
4620 Pine Ridge Lane Fort Worth, TX 1
- 4 beds 2 baths ∙ 2,322 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,322 Sqft ∙ Built 2003
LEASED 06/29/20- Rent
- Rent Per SQFT
- $1,750
- $0.75
-
4504 Stone Mountain Drive Fort Worth, TX 2
- 4 beds 3 baths ∙ 2,408 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,408 Sqft ∙ Built 2001
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,795
- $0.75
-
4408 Bloomfield Court Fort Worth, TX 4
- 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2004
LEASED 09/08/20- Rent
- Rent Per SQFT
- $1,995
- $0.90
-
4717 Poplar Ridge Drive Fort Worth, TX 5
- 4 beds 2 baths ∙ 2,325 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,325 Sqft ∙ Built 2006
LEASED 09/24/20- Rent
- Rent Per SQFT
- $2,100
- $0.90
PROPERTY LISTING DETAILS
Offerpad Brokerage, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14504907
Last Updated: 01/22/2021
