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5129 Bay View Drive Fort Worth, TX 76244

4 Beds 3 Baths 2,767 sqft Built 2003

$300,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $108.42
  • 4 Days on Market
  • MLS # : 14462514
  • Updated Date : 11/02/2020 at 07:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,767 sqft
  • Baths : 2 full , 1 half
Listing Agent

Allie Beth Allman & Assoc.

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
 

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

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,107
Property Tax -$688
Property Insurance -$187
HOA -$38
Property Management Fees -$99
CASH FLOW
-$88

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

$2,030

PROJECTED RENT

0.68%

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

PROJECTED ANNUAL CASH FLOW

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

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 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$8,567

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,020

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0003$2,0304$2,0955$2,100
$2,100
RENT COMPS ANALYSIS
  • 5129 Bay View Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,767 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,767 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.73
    •  
  • 5205 Rush Creek Court Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 2002
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.72
    •  
  • 12036 Vienna Apple Road Fort Worth, TX 2
    • 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
    •  
  • 11712 Pheasant Creek Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,768 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,768 Sqft ∙ Built 2003
    LEASED 01/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.76
    •  
  • 5320 Bellis Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,771 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,771 Sqft ∙ Built 2001
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.76
    •  
PROPERTY LISTING DETAILS
Jaime Tomlin
Allie Beth Allman & Assoc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462514
Last Updated: 11/02/2020
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