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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $129.57
- 3 Days on Market
- MLS # : 14496405
- Updated Date : 01/09/2021 at 09:27
CONSTRUCTION
- Beds : 3
- Floor Size : 2,083 sqft
- Baths : 2 full
Listing Agent
Cmt Realty
Listing Agent's Description
MULTIPLE OFFERS W BEST AND FINAL DEADLINE MONDAY, JAN 11 @ 11AM!!LOVE shines through in this 1 owner, 1 story home.Hardwood Flooring graces the formal Liv, Din and Bedrooms and tile can be found throughout remainder of home..no carpet to clean!! Wonderfully updated Island Kitchen w designer Granite Ctops and BSplash that overlooks large Fam Room and BFast Area. The Owner's Suite is nicely sized and the Bath includes Sep Shower, Tub, Dual Sinks and CLOSET that everyone will covet! The 2ndary Bedrooms are split from Owner's Suite and have nicely sized closets. Enjoy the back patio and landscaping installed around the home...new cedar fence installed 2016 and in great shape!Roof 2019..Water Htr 2018
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Coventry Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Coventry Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,780 |
| EXPENSES | Loan Payment | -$937 |
| Property Tax | -$619 | |
| Property Insurance | -$148 | |
| HOA | -$23 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$46
|
||
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.
$269,900
PROJECTED PRICE
$1,780
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.2% |
| 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
$77,274
LOAN DETAILS
$937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
3.42
YEARS SAVED
$7,950
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,786
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
4837 Stetson Drive Fort Worth, TX 3
- 3 beds 2 baths ∙ 2,083 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,083 Sqft ∙ Built 2001
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- Rent Per SQFT
- $1,780
- $0.85
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8808 Chaps Avenue Fort Worth, TX 1
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LEASED 02/11/20- Rent
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- $1,675
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LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,700
- $0.84
-
4816 Stetson Drive Fort Worth, TX 4
- 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 2001
LEASED 08/10/20- Rent
- Rent Per SQFT
- $1,798
- $0.88
-
8661 Lariat Circle Fort Worth, TX 5
- 3 beds 2 baths ∙ 2,068 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,068 Sqft ∙ Built 2002
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,800
- $0.87
PROPERTY LISTING DETAILS
Cmt Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14496405
Last Updated: 01/09/2021
