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5117 Edgebrook Way Fort Worth, TX 76244

5 Beds 4 Baths 3,703 sqft Built 2017

$509,890

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $137.70
  • 4 Days on Market
  • MLS # : 14478402
  • Updated Date : 12/03/2020 at 19:32
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,703 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homelister, Inc.

Listing Agent's Description

Wonderful 5 bedroom 3 bath 1 half bath home with office in Keller ISD! Home features include tile and wood floors, granite countertops, Frigidaire stainless steel double oven, dishwasher, microwave, 36 inch gas cooktop with stainless vent-a-hood, an oversize covered patio, and more! The large master suite that is conveniently located on the main level offers double vanities with granite, 3' x 4' oversized master shower with dual heads & tiled mud pan, and walk in closet. Formal dining, utility, half bath and office downstairs. Media room, game room, 4 bedrooms, and 2 full baths up (including Jack & Jill bath). A MUST SEE before it's too late!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Zip Code: 76244

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Zip Code: 76244

ZipNIR 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
 

$458,901$560,879$509,890

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,881
Property Tax -$1,169
Property Insurance -$241
HOA -$51
Property Management Fees -$99
CASH FLOW
-$962

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.

$509,890

PROJECTED PRICE

$2,480

PROJECTED RENT

0.49%

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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,871

INVESTMENT

$140,871

Down Payment
$127,473
Rehab Estimate
$5,750
Closing Costs
$7,648

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,881

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,473
Loan Amount $382,418
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$32

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,463

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2103$2,4804$2,5005$2,695
$2,695
RENT COMPS ANALYSIS
  • 5117 Edgebrook Way Fort Worth, TX 3
    • 5 beds 4 baths ∙ 3,703 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,703 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.67
    •  
  • 12760 Cedar Hollow Drive Fort Worth, TX 1
    • 5 beds 3 baths ∙ 3,450 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,450 Sqft ∙ Built 2007
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.62
    •  
  • 4673 Prairie Crossing Drive Fort Worth, TX 2
    • 5 beds 3 baths ∙ 3,536 Sqft ∙ Built 2009 5 beds 3 baths ∙ 3,536 Sqft ∙ Built 2009
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.63
    •  
  • 12701 Harvest Grove Drive Fort Worth, TX 4
    • 5 beds 3 baths ∙ 3,519 Sqft ∙ Built 2008 5 beds 3 baths ∙ 3,519 Sqft ∙ Built 2008
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.71
    •  
  • 5532 Yellow Birch Drive Fort Worth, TX 5
    • 4 beds 4 baths ∙ 3,789 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,789 Sqft ∙ Built 2003
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.71
    •  
PROPERTY LISTING DETAILS
David Montalvo
Homelister, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478402
Last Updated: 12/03/2020
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