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4813 Whispering Stream Court Fort Worth, TX 76179

3 Beds 3 Baths 2,367 sqft Built 2015

INVESTimate

$575,000

List Price

$2,640

$2,390 - $2,890

Rent Est.

$618,010  ( +7.48%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $242.92
  • 2 Days on Market
  • MLS # : 14420955
  • Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,367 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

Country living close to city amenities! Just a short drive to downtown Fort Worth, DFW International Airport, Lockheed Martin, Roanoke (the unique dining capital of TX), 4 miles from recreation at Eagle Mountain Lake, & just minutes to major shopping & restaurants! This estate sits on 2.49 acres & is loaded with extras! If you like wine you will LOVE the private vineyard with Sangiovese grapevines! Not only does this home offer a pristine interior, 3 car garage, water softener, and an ideal set up for entertaining or just relaxing in privacy... but the location is absolutely PERFECT! And if that's not enough to convince you, the saltwater pool just might do it!

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: 76179

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76179

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Eagle Mountain Elementary School Primary Regular 583 32 6
Wayside Middle School Middle Regular 943 52 6
Boswell High School High Regular 1,605 106 7

Eagle Mountain Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 32
6
GreatSchools Rating

Wayside Middle School

  • Education Level: Middle
  • # of students: 943
  • # of teachers: 52
6
GreatSchools Rating

Boswell High School

  • Education Level: High
  • # of students: 1,605
  • # of teachers: 106
7
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,122
Property Tax -$1,399
Property Insurance -$164
Property Management Fees -$99
CASH FLOW
-$1,143

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$575,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.48%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$47

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,639

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,410
1$2,4102$2,6003$2,640
$2,640
RENT COMPS ANALYSIS
  • 4813 Whispering Stream Court Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,367 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,367 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $1.12
    •  
  • 2107 Portwood Way Fort Worth, TX 1
    • 3 beds 3 baths ∙ 2,220 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,220 Sqft ∙ Built 2006
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $1.09
    •  
  • 2144 Portwood Way Fort Worth, TX 2
    • 3 beds 2 baths ∙ 2,286 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,286 Sqft ∙ Built 2005
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.14
    •  
PROPERTY LISTING DETAILS
Jeremy Smith
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14420955
Last Updated: 08/25/2020
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