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5113 Dominica Lane Fort Worth, TX 76244

4 Beds 3 Baths 2,276 sqft Built 2016

INVESTimate

$329,900

List Price

$1,970

$1,773 - $2,167

Rent Est.

$353,125  ( +7.04%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $144.95
  • 7 Days on Market
  • MLS # : 14411680
  • Updated Date : 08/25/2020 at 16:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,276 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Gated community that is conveniently located to just about everything. Awesome home that you will fall in love with from the hardwood floors to the soaring ceilings. The huge kitchen is the heart of this home and will make anyone want to be a chef. It has a Large B-Bar, Granite C-tops, Gas Cook-top, Stainless Appliances, Island, Plus Pantry & it is open to the Family room. Upstairs flex room could be large Bedroom or Game room with a full bath. Master Bed & Bath is conveniently located off the Kitchen and features large dual sink vanity, enlarged tile shower, spacious master closet & garden tub. Enlarged patio is the perfect place to enjoy coffee in the morning with landscaped yard.

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

Zip Code: 76244

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Zip Code: 76244

ZipNIR 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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,217
Property Tax -$777
Property Insurance -$159
HOA -$57
Property Management Fees -$99
CASH FLOW
-$339

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.

$329,900

PROJECTED PRICE

$1,970

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.04%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$574

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,918

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$1,8954$1,9005$1,970
$1,970
RENT COMPS ANALYSIS
  • 5113 Dominica Lane Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.87
    •  
  • 5012 Pinellas Avenue Fort Worth, TX 1
    • 3 beds 2 baths ∙ 2,217 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,217 Sqft ∙ Built 2006
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
  • 4813 Trail Hollow Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 2005
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.82
    •  
  • 5024 Escambia Terrace Fort Worth, TX 3
    • 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 2007
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.90
    •  
  • 4909 Trail Hollow Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2004
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.84
    •  
PROPERTY LISTING DETAILS
Beverly Beasley
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14411680
Last Updated: 08/25/2020
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