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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $89.77
- 3 Days on Market
- MLS # : 14503776
- Updated Date : 01/22/2021 at 18:14
CONSTRUCTION
- Beds : 5
- Floor Size : 3,108 sqft
- Baths : 3 full , 1 half
Listing Agent
Re/max Associates Of Arlington
Listing Agent's Description
Located in Marine Creek Meadows and perfectly situated on a large, manicured lot, this stunning home has it all! Hardwood floor entry leads to an open concept living area featuring soaring vaulted ceilings and a cozy, stone fireplace. The large eat-in kitchen has tons of cabinetry, abundant counter space, stainless steel appliances, and a butler's pantry leading to a spacious dining room. The enormous master bedroom with a large ensuite bath features a sizable walk-in closet and access to a room off the master converted to a HUGE custom closet! A second living area is located upstairs along with 4 nicely sized secondary bedrooms and 2 full baths. **Multiple Offers Received. H&B Deadline Sun, 1-24 at 3pm.***
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: Marine Creek Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Marine Creek Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,020 |
| EXPENSES | Loan Payment | -$969 |
| Property Tax | -$658 | |
| Property Insurance | -$207 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$54
|
||
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.
$279,000
PROJECTED PRICE
$2,020
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 7.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$79,685
LOAN DETAILS
$969
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $69,750 |
| Loan Amount | $209,250 |
4.67
YEARS SAVED
$13,608
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,020
LIST RENT -
$0.65
LIST RENT PER SQFT
-
$2,072
COMP ESTIMATED VALUE -
$0.67
COMP AVG. RENT PER SQFT
Comps Range
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4816 Spoon Drift Drive Fort Worth, TX 1
- 5 beds 4 baths ∙ 3,108 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,108 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $2,020
- $0.65
-
6152 Redear Drive Fort Worth, TX 2
- 4 beds 3 baths ∙ 3,216 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,216 Sqft ∙ Built 2005
LEASED 02/21/20- Rent
- Rent Per SQFT
- $2,045
- $0.64
-
5864 Lamb Creek Drive Fort Worth, TX 3
- 4 beds 4 baths ∙ 3,241 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,241 Sqft ∙ Built 2009
LEASED 08/22/19- Rent
- Rent Per SQFT
- $2,200
- $0.68
-
4104 Mantis Street Fort Worth, TX 4
- 5 beds 4 baths ∙ 3,225 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,225 Sqft ∙ Built 2006
LEASED 02/04/20- Rent
- Rent Per SQFT
- $2,200
- $0.68
PROPERTY LISTING DETAILS
Re/max Associates Of Arlington
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14503776
Last Updated: 01/22/2021
