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4877 Purlieu Drive Fort Worth, TX 76244

4 Beds 3 Baths 2,215 sqft Built 2021

$395,761

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $178.67
  • 4 Days on Market
  • MLS # : 14520395
  • Updated Date : 02/25/2021 at 19:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,215 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Gorgeous new home in Hideaway Acres will be ready for a summer move-in! Desired Keller ISD schools. Lillian Custom Homes, The Cumberland Plan on lg pie-shaped lot offers 4 Bedrooms, 3 Full Bathrooms, Open Concept Kitchen with Island & Stainless Steel Appliances overlooking Breakfast & Living Room, Game Room, Covered Porch & Patio, full sprinklers, sod, & 2 Car Garage. Master features ensuite bath with 2 sinks, large walk-in shower & walk-in closet. 2nd bedroom & full bath down that could serve as a guest suite or study. Each Lillian Custom Home is Energy Efficient. Savant Smart Home. Ask about our Hometown Heroes program. Located in northern Fort Worth near top employers, shopping, and entertainment.

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: 76244

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Zip Code: 76244

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262706

* 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.
 

$356,185$435,337$395,761

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,375
Property Tax -$907
Property Insurance -$155
HOA -$46
Property Management Fees -$99
CASH FLOW
-$672

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$395,761

PROJECTED PRICE

$1,910

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,877

INVESTMENT

$106,877

Down Payment
$98,940
Rehab Estimate
$2,000
Closing Costs
$5,936

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,375

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,940
Loan Amount $296,821
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$11

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,866

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$1,8954$1,9005$1,910
$1,910
RENT COMPS ANALYSIS
  • 4877 Purlieu Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,215 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,215 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.86
    •  
  • 5012 Pinellas Avenue Fort Worth, TX 1
    • 3 beds 2 baths ∙ 2,217 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,217 Sqft ∙ Built 2006
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
  • 4813 Trail Hollow Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 2005
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.82
    •  
  • 5024 Escambia Terrace Fort Worth, TX 3
    • 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 2007
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.90
    •  
  • 4909 Trail Hollow Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2004
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.84
    •  
PROPERTY LISTING DETAILS
Ashlee Mcghee
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14520395
Last Updated: 02/25/2021
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