Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5040 Bateman Road Fort Worth, TX 76244

4 Beds 5 Baths 4,006 sqft Built 2020

$679,703

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $169.67
  • 6 Days on Market
  • MLS # : 14464954
  • Updated Date : 11/03/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,006 sqft
  • Baths : 4 full , 1 half
Listing Agent

Wendell Miller Realty

Listing Agent's Description

Monticello Floor Design. Features an extended 2 story ceiling foyer open to large family room & kitchen with a large island that becomes the epicenter for this open floorplan sure to please a family that loves to spend time together. Entertain outdoors on your covered patio with outdoor fireplace room for outdoor furnishings. Privacy offered by the deep backyard is sure to please, with plenty of room for future pool. The Bluffs at Heritage is part of the 2300 acre master planned community & sits across from a lovely pond. Anchored by a clubhouse that sits on 10 aquatic acres. 6 pools, 8 miles of bike trails, over 200 acres of open space & 4 ponds. MOVE IN READY!! Set an appointment to see this home today!

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

Neighborhood: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Neighborhood: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262706

* 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
 

$611,733$747,673$679,703

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$2,508
Property Tax -$1,558
Property Insurance -$259
HOA -$33
Property Management Fees -$99
CASH FLOW
-$1,627

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.

$679,703

PROJECTED PRICE

$2,830

PROJECTED RENT

0.42%

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) 3.00%
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-$25k-$20k-$15k-$10k-$5.0k$0.0

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$182,121

INVESTMENT

$182,121

Down Payment
$169,926
Rehab Estimate
$2,000
Closing Costs
$10,196

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,508

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $169,926
Loan Amount $509,777
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$365

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,830

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $3,706

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,830
1$2,8302$3,1953$3,6004$3,9005$4,200
$4,200
RENT COMPS ANALYSIS
  • 5040 Bateman Road Fort Worth, TX 1
    • 4 beds 5 baths ∙ 4,006 Sqft ∙ Built 2020 4 beds 5 baths ∙ 4,006 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,830
    • $0.71
    •  
  • 4821 Eddleman Drive Fort Worth, TX 2
    • 4 beds 4 baths ∙ 3,787 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,787 Sqft ∙ Built 2009
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $0.84
    •  
  • 9849 Broiles Lane Fort Worth, TX 3
    • 4 beds 5 baths ∙ 3,813 Sqft ∙ Built 2014 4 beds 5 baths ∙ 3,813 Sqft ∙ Built 2014
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.94
    •  
  • 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
    property image
    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
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $0.99
    •  
PROPERTY LISTING DETAILS
Wendell Miller
Wendell Miller Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464954
Last Updated: 11/03/2020
BESbswy