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504 Wild Trail Drive Fort Worth, TX 76131

5 Beds 4 Baths 3,255 sqft Built 2019

$430,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $132.10
  • 2 Days on Market
  • MLS # : 14507249
  • Updated Date : 02/05/2021 at 22:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,255 sqft
  • Baths : 4 full
Listing Agent

Jp And Associates Southlake

Listing Agent's Description

Immaculately kept home with upgrades galore! This home offers 5 bedrooms, 4 FULL baths, tons of storage plus a playroom, flex space upstairs. Downstairs, in addition to the owners retreat, there is a bedroom and a full bathroom great for in-laws or guests! A modern traditional beauty with hand-scraped wood floors, granite countertops, carpet, a patio off the game room plus an extended covered back patio perfect for entertaining all year round. If more space is what you're after, then this is the home for you. The community pool consists of a slide and splash pads which are perfect for the Texas summers. Walking distance to the elementary school PLUS this home is still under the builders warranty. A MUST SEE!

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

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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.
 

$387,000$473,000$430,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,494
Property Tax -$986
Property Insurance -$215
HOA -$31
Property Management Fees -$99
CASH FLOW
-$574

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$430,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$21

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,189

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0953$2,2004$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 504 Wild Trail Drive Fort Worth, TX 5
    • 5 beds 4 baths ∙ 3,255 Sqft ∙ Built 2019 5 beds 4 baths ∙ 3,255 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.69
    •  
  • 10401 Hideaway Trail Fort Worth, TX 1
    • 4 beds 3 baths ∙ 3,038 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,038 Sqft ∙ Built 2005
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.64
    •  
  • 10300 Pyrite Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,989 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,989 Sqft ∙ Built 2006
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.70
    •  
  • 412 Crown Oaks Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 3,129 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,129 Sqft ∙ Built 2012
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.70
    •  
  • 10477 Hideaway Trail Fort Worth, TX 4
    • 6 beds 4 baths ∙ 3,372 Sqft ∙ Built 2005 6 beds 4 baths ∙ 3,372 Sqft ∙ Built 2005
    LEASED 09/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.65
    •  
PROPERTY LISTING DETAILS
Camille Marin
Jp And Associates Southlake
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507249
Last Updated: 02/05/2021
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