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5104 Senator Drive Fort Worth, TX 76244

4 Beds 4 Baths 3,108 sqft Built 2004

$300,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $96.53
  • 4 Days on Market
  • MLS # : 14496142
  • Updated Date : 01/09/2021 at 15:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,108 sqft
  • Baths : 3 full , 1 half
Listing Agent

Better Homes & Gardens, Winans

Listing Agent's Description

BEST AND FINAL OFFER DUE 1.10.21 @ 1 pm. Better than new! Completely updated! Roof replace 2018. HVAC replaced 2020. This very special house with lots of design touches. Home features an open design with 4 bedrooms and 3 and a half baths. Large game room! Gourmet kitchen with hand-stained cabinets, granite countertops, formal dining, & large family room. Fresh paint, beautiful wood tile floors. Enjoy media room with surround sound and large screen. All equipment included. Secluded master with wonderful master bath! Upstairs has new carpet and features 3 bedrooms game room 3 bathrooms. Come enjoy fun and relax in the special pool for the family. This home has it all!

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: Heights of Park Vista

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Heights of Park Vista

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
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
 

$270,000$330,000$300,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,042
Property Tax -$688
Property Insurance -$207
HOA -$28
Property Management Fees -$99
CASH FLOW
$267

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.

$300,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.0%
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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$34,655

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,486

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3303$2,5004$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 5104 Senator Drive Fort Worth, TX 2
    • 4 beds 4 baths ∙ 3,108 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,108 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.75
    •  
  • 5825 Haven Lake Way Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,940 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,940 Sqft ∙ Built 2011
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.75
    •  
  • 9017 Hawley Drive Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,031 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,031 Sqft ∙ Built 2008
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.82
    •  
  • 4976 Grinstein Drive Fort Worth, TX 4
    • 4 beds 4 baths ∙ 3,292 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,292 Sqft ∙ Built 2012
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.79
    •  
  • 9104 Wiggins Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 3,094 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,094 Sqft ∙ Built 2006
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.84
    •  
PROPERTY LISTING DETAILS
Pete Borges
Better Homes & Gardens, Winans
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496142
Last Updated: 01/09/2021
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