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5044 Whisper Drive Fort Worth, TX 76123

6 Beds 4 Baths 4,171 sqft Built 2006

$325,000

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
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

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: Summer Creek South

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Summer Creek South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
Sue Crouch Intermediate School Primary Regular 501 27 5
Sue Crouch Intermediate School Middle Regular 501 27 5
North Crowley High School High Regular 2,442 148 4

Sue Crouch Intermediate School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 27
5
GreatSchools Rating

Sue Crouch Intermediate School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 27
5
GreatSchools Rating

North Crowley High School

  • Education Level: High
  • # of students: 2,442
  • # of teachers: 148
4
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

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
$2,000
1$2,0002$2,5503$2,5904$2,995
$2,995
RENT COMPS ANALYSIS
  • 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
Charles Brown
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495103
Last Updated: 01/08/2021
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