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4845 Feltleaf Avenue Fort Worth, TX 76036

4 Beds 2 Baths 1,587 sqft Built 2019

$228,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $143.67
  • 2 Days on Market
  • MLS # : 14469454
  • Updated Date : 11/14/2020 at 03:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,587 sqft
  • Baths : 2 full
Listing Agent

Rendon Realty, Llc

Listing Agent's Description

This Immaculate & well cared home waits the perfect buyer with tons of special upgrades in the highly sought Summer Creek Ranch. This 4 bedroom 2 bath home features an Open concept dinning, living and large kitchen. Kitchen includes stainless steel appliances, granite countertops & breakfast bar. Floorplan is Poplar Starkville Built by DR. Horton. House is wired with CAT6 Cable to provide the maximum internet speed. Master & 1st bedroom have custom built cabinets, the home will include a new IKEA bunkbed and trampoline ready for the kids to enjoy. Location is near many shopping, entertainment and dinning with in the area & by many parks. List of special house features in Transaction Desk.

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: 76036

ZipNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240kPrice in $122k243k

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

Zip Code: 76036

ZipNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$205,200$250,800$228,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$841
Property Tax -$523
Property Insurance -$119
HOA -$48
Property Management Fees -$99
CASH FLOW
-$230

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$228,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$5.0k-$4.0k-$3.0k-$2.0k-$1.0k$0.0$1.0k$2.0k$3.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,420

INVESTMENT

$62,420

Down Payment
$57,000
Rehab Estimate
$2,000
Closing Costs
$3,420

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,000
Loan Amount $171,000
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$548

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,504

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5103$1,5504$1,5505$1,575
$1,575
RENT COMPS ANALYSIS
  • 4845 Feltleaf Avenue Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,587 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,587 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.88
    •  
  • 4232 Twinleaf Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,589 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,589 Sqft ∙ Built 2015
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.95
    •  
  • 4509 Chaparral Creek Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2004
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.96
    •  
  • 4837 Elkhart Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 2008
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 9213 Vineyard Lane Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 2008
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.94
    •  
PROPERTY LISTING DETAILS
Patricia Perez
Rendon Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469454
Last Updated: 11/14/2020
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