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5049 Comstock Circle Fort Worth, TX 76244

4 Beds 3 Baths 3,050 sqft Built 2002

$434,900

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $142.59
  • 5 Days on Market
  • MLS # : 14461491
  • Updated Date : 10/30/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,050 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dfw Legacy Group

Listing Agent's Description

Beautiful home built in 2002 in the sought after Villages of Woodland Springs with full access to community clubhouse, community pool, jogging and bike paths, tennis courts, etc...This house also has a 40,000 gallon pool with pergola and built in grill which is perfect for entertaining and one year old board on board eight foot fence which provides privacy galore! Pool has recently been resurfaced and 2 new pools pumps have been replaced. As you walk in, office study to your right, which then opens up to living area and recently updated kitchen! Spacious master bedroom downstairs with large walk-in, with three bedrooms upstairs each with walk-ins as well as media room! Media room equipment is negotiable...

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: Villages of Woodland Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Villages of Woodland Springs

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
Trinity Meadows Intermediate School Primary Regular 988 58 7
Trinity Springs Middle School Middle Regular 1,061 62 8
Timbercreek High School High Regular 2,957 160 8

Trinity Meadows Intermediate School

  • Education Level: Primary
  • # of students: 988
  • # of teachers: 58
7
GreatSchools Rating

Trinity Springs Middle School

  • Education Level: Middle
  • # of students: 1,061
  • # of teachers: 62
8
GreatSchools Rating

Timbercreek High School

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

$391,410$478,390$434,900

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,605
Property Tax -$997
Property Insurance -$203
HOA -$83
Property Management Fees -$99
CASH FLOW
-$767

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.

$434,900

PROJECTED PRICE

$2,220

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$120,999

INVESTMENT

$120,999

Down Payment
$108,725
Rehab Estimate
$5,750
Closing Costs
$6,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,725
Loan Amount $326,175
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$15

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,219

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,1154$2,2205$2,500
$2,500
RENT COMPS ANALYSIS
  • 5049 Comstock Circle Fort Worth, TX 4
    • 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.73
    •  
  • 12036 Vienna Apple Road Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 2004
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.68
    •  
  • 12516 Autumn Leaves Trail Fort Worth, TX 2
    • 4 beds 4 baths ∙ 2,911 Sqft ∙ Built 2010 4 beds 4 baths ∙ 2,911 Sqft ∙ Built 2010
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.72
    •  
  • 4516 Mountain Oak Street Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2007
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,115
    • $0.73
    •  
  • 4305 Oak Chase Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 3,190 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,190 Sqft ∙ Built 2015
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.78
    •  
PROPERTY LISTING DETAILS
Aaron Guhl
Dfw Legacy Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461491
Last Updated: 10/30/2020
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