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4904 Bolero Court Fort Worth, TX 76135

3 Beds 2 Baths 1,972 sqft Built 2002

$223,900

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $113.54
  • 3 Days on Market
  • MLS # : 14472898
  • Updated Date : 11/20/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,972 sqft
  • Baths : 2 full
Listing Agent

Re/max Trinity

Listing Agent's Description

A Lovely and well kept home with spacious open kitchen, equipped with island that has plenty of room for family gatherings. Generously sized family room with cozy fireplace. Large office allowing for work from home or home schooling. Large master bedroom and bath with shower, garden tub and walk-in closet. 2 additional bedrooms for guests or family with equal size walk-in closets. Beautiful covered porch in backyard allows for family get togethers, morning coffee and afternoon relaxation. Fenced yard with sprinkler and security systems. Standard size two car garage with optional work bench. Close to schools, shops and major highways for easy access to all you need. Make this house your dream home now!

SEE MORE

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Marine Creek

NeighborhoodNIR 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
Marine Creek Elementary School Primary Regular 545 40 2
Lucyle Collins Middle School Middle Regular 478 33 3
Lake Worth High School High Regular 744 52 3

Marine Creek Elementary School

  • Education Level: Primary
  • # of students: 545
  • # of teachers: 40
2
GreatSchools Rating

Lucyle Collins Middle School

  • Education Level: Middle
  • # of students: 478
  • # of teachers: 33
3
GreatSchools Rating

Lake Worth High School

  • Education Level: High
  • # of students: 744
  • # of teachers: 52
3
GreatSchools Rating
 

$201,510$246,290$223,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$826
Property Tax -$513
Property Insurance -$141
HOA -$30
Property Management Fees -$99
CASH FLOW
-$80

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.

$223,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,084

INVESTMENT

$65,084

Down Payment
$55,975
Rehab Estimate
$5,750
Closing Costs
$3,359

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,975
Loan Amount $167,925
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,210

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,553

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,530
1$1,5302$1,6253$1,6504$1,6505$1,670
$1,670
RENT COMPS ANALYSIS
  • 4904 Bolero Court Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,972 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,972 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.78
    •  
  • 5737 Starboardway Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,973 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,973 Sqft ∙ Built 2002
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.82
    •  
  • 4724 Spoon Drift Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,163 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,163 Sqft ∙ Built 1991
    property image
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.76
    •  
  • 5828 Fathom Drive Fort Worth, TX 4
    • 3 beds 3 baths ∙ 2,148 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,148 Sqft ∙ Built 2006
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.77
    •  
  • 5224 Royal Burgess Drive Fort Worth, TX 5
    • 3 beds 3 baths ∙ 2,085 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,085 Sqft ∙ Built 2001
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.80
    •  
PROPERTY LISTING DETAILS
Cole Dutton
Re/max Trinity
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14472898
Last Updated: 11/20/2020
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