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4921 Bob Wills Drive Fort Worth, TX 76244

5 Beds 5 Baths 4,804 sqft Built 2007

$595,000

List Price

$3,210

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $123.86
  • 3 Days on Market
  • MLS # : 14531433
  • Updated Date : 03/13/2021 at 14:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,804 sqft
  • Baths : 4 full , 1 half
Listing Agent

Jpar Arlington

Listing Agent's Description

Home nestled in a beautifully maintained and established Toll Brothers community. The Gorgeous Grand Staircase greats you as you enter the home, and welcomes you to a spacious open floorplan. Layout features 4 bedrooms up w 1 full guest suite down. Huge Master Retreat features a sitting area overlooking the beautiful backyard, two large walk in closets, attached office, and a beautifully appointed master bath. Updated Kitchen features tons of granite counter space, stainless appliances w double ovens, and 2 large pantries. Cool off this Summer in the pool or soak in hot tub at your own backyard oasis! Great home for a large family or someone looking for a Multi-Generational Home. Check out the 360 Virtual Tour!

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: 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
Eagle Ridge Elementary School Primary Regular 761 50 7
Timbercreek High School High Regular 2,957 160 8
Timbercreek High School High Unknown NA

Eagle Ridge Elementary School

  • Education Level: Primary
  • # of students: 761
  • # of teachers: 50
7
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students: 2,957
  • # of teachers: 160
8
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$535,500$654,500$595,000

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$2,067
Property Tax -$1,364
Property Insurance -$305
HOA -$33
Property Management Fees -$99
CASH FLOW
-$658

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.

$595,000

PROJECTED PRICE

$3,210

PROJECTED RENT

0.54%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$163,425

INVESTMENT

$163,425

Down Payment
$148,750
Rehab Estimate
$5,750
Closing Costs
$8,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,067

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $148,750
Loan Amount $446,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$234

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,210

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $3,203

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7503$3,2104$4,000
$4,000
RENT COMPS ANALYSIS
  • 4921 Bob Wills Drive Fort Worth, TX 3
    • 5 beds 5 baths ∙ 4,804 Sqft ∙ Built 2007 5 beds 5 baths ∙ 4,804 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $3,210
    • $0.67
    •  
  • 9709 Gessner Drive Fort Worth, TX 1
    • 5 beds 4 baths ∙ 4,542 Sqft ∙ Built 2007 5 beds 4 baths ∙ 4,542 Sqft ∙ Built 2007
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.58
    •  
  • 10252 Paintbrush Drive Fort Worth, TX 2
    • 5 beds 4 baths ∙ 4,466 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,466 Sqft ∙ Built 2006
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.62
    •  
  • 9836 Broiles Lane Fort Worth, TX 4
    • 5 beds 6 baths ∙ 5,003 Sqft ∙ Built 2014 5 beds 6 baths ∙ 5,003 Sqft ∙ Built 2014
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $0.80
    •  
PROPERTY LISTING DETAILS
Jennifer Tharp
Jpar Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531433
Last Updated: 03/13/2021
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