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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $77.92
- 4 Days on Market
- MLS # : 14495103
- Updated Date : 01/08/2021 at 13:24
CONSTRUCTION
- Beds : 6
- Floor Size : 4,171 sqft
- Baths : 4 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
OPEN HOUSE ON SAT JAN. 9 FROM 12-2. Don't miss out on the opportunity to own this beautiful 6 bedroom, 4 bathroom home located in Summer Creek Add. Spacious home with open floorplan, featuring see-through balcony, vaulted ceilings, and bay windows. Large gourmet kitchen features granite countertops, black appliances, island, tile floors, and Butler's pantry. Primary suite offers tray ceiling, extra-large shower, soaking tub, dual sinks and vanities, and walk-in closet. Formal dining room with wainscoting and crown molding. Upper level is family central with large game room, media room w projector & screen and chairs, 4 bedrooms, and 2 bathrooms. Exterior features include large fenced backyard and covered patio.
SEE MORE
- # 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: Summer Creek South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Summer Creek South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,590 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$745 | |
| Property Insurance | -$268 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$316
|
||
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.
$325,000
PROJECTED PRICE
$2,590
PROJECTED RENT
0.80%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 3.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
9
YEARS SAVED
$39,409
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,590
LIST RENT -
$0.62
LIST RENT PER SQFT
-
$2,530
COMP ESTIMATED VALUE -
$0.61
COMP AVG. RENT PER SQFT
Comps Range
-
5044 Whisper Drive Fort Worth, TX 3
- 6 beds 4 baths ∙ 4,171 Sqft ∙ Built 2006 6 beds 4 baths ∙ 4,171 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $2,590
- $0.62
-
9117 Cheswick Drive Fort Worth, TX 1
- 5 beds 4 baths ∙ 3,928 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,928 Sqft ∙ Built 2006
LEASED 09/14/19- Rent
- Rent Per SQFT
- $2,000
- $0.51
-
8369 Summer Park Drive Fort Worth, TX 2
- 5 beds 4 baths ∙ 4,326 Sqft ∙ Built 2003 5 beds 4 baths ∙ 4,326 Sqft ∙ Built 2003
LEASED 10/09/19- Rent
- Rent Per SQFT
- $2,550
- $0.59
-
5048 Whisper Drive Fort Worth, TX 4
- 5 beds 4 baths ∙ 4,134 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,134 Sqft ∙ Built 2005
LEASED 11/27/20- Rent
- Rent Per SQFT
- $2,995
- $0.72
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14495103
Last Updated: 01/08/2021
