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4920 Bateman Road Fort Worth, TX 76244

4 Beds 5 Baths 4,113 sqft Built 2016

$692,000

List Price

$3,790

$3.5K - $4K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $168.25
  • 2 Days on Market
  • MLS # : 14487556
  • Updated Date : 12/19/2020 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,113 sqft
  • Baths : 4 full , 1 half
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

This two story custom home is situated high atop a north Fort Worth neighborhood with expansvie views of Tarrant county. Walk in to a large foyer which lead into the living area and open concept kitchen with stainless steel appliances with an eat up island. The beautiful iron staircase lead up to another large living area connected to a media room with sound barrier insulation. Plenty of windows for natural light and great views throughout this home.

SEE MORE

MARKET HIGHLIGHTS

  • # 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: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9192376

* 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
Parkwood Hill Intermediate School Primary Regular 1,070 57 8
Hillwood Middle School Middle Regular 1,087 65 8
Central High School High Regular 2,573 140 8

Parkwood Hill Intermediate School

  • Education Level: Primary
  • # of students: 1,070
  • # of teachers: 57
8
GreatSchools Rating

Hillwood Middle School

  • Education Level: Middle
  • # of students: 1,087
  • # of teachers: 65
8
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,573
  • # of teachers: 140
8
GreatSchools Rating
 

$622,800$761,200$692,000

PURCHASE PRICE

$3,411$4,169$3,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,790
EXPENSES Loan Payment -$2,553
Property Tax -$1,586
Property Insurance -$265
HOA -$33
Property Management Fees -$99
CASH FLOW
-$747

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.

$692,000

PROJECTED PRICE

$3,790

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$189,130

INVESTMENT

$189,130

Down Payment
$173,000
Rehab Estimate
$5,750
Closing Costs
$10,380

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,553

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $173,000
Loan Amount $519,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$861

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,790

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $3,815

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,7003$3,7904$3,9005$4,200
$4,200
RENT COMPS ANALYSIS
  • 4920 Bateman Road Fort Worth, TX 3
    • 4 beds 5 baths ∙ 4,113 Sqft ∙ Built 2016 4 beds 5 baths ∙ 4,113 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $3,790
    • $0.92
    •  
  • 9849 Broiles Lane Fort Worth, TX 1
    • 4 beds 5 baths ∙ 3,813 Sqft ∙ Built 2014 4 beds 5 baths ∙ 3,813 Sqft ∙ Built 2014
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.94
    •  
  • 9725 Bowman Drive Fort Worth, TX 2
    • 5 beds 6 baths ∙ 4,364 Sqft ∙ Built 2011 5 beds 6 baths ∙ 4,364 Sqft ∙ Built 2011
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.85
    •  
  • 5004 Bateman Road Fort Worth, TX 4
    • 4 beds 4 baths ∙ 4,207 Sqft ∙ Built 2016 4 beds 4 baths ∙ 4,207 Sqft ∙ Built 2016
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $0.93
    •  
  • 4928 Bateman Road Fort Worth, TX 5
    • 5 beds 6 baths ∙ 4,235 Sqft ∙ Built 2015 5 beds 6 baths ∙ 4,235 Sqft ∙ Built 2015
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $0.99
    •  
PROPERTY LISTING DETAILS
William Huffman
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14487556
Last Updated: 12/19/2020
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