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5129 Keating Street Fort Worth, TX 76244

4 Beds 3 Baths 2,136 sqft Built 2004

$299,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $139.98
  • 4 Days on Market
  • MLS # : 14495674
  • Updated Date : 01/08/2021 at 17:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,136 sqft
  • Baths : 2 full , 1 half
Listing Agent

Stegich Group Real Estate

Listing Agent's Description

Adorable cap cod syle home in the Heritage addition of Fort Worth. Keller School district, high ceilings, upstairs and downstairs living areas with 4 bedrooms and 2 and a half baths. Large master bedroom with a nice sized master bath a closet. Open kitchen and living areas with a dining space off of the eat in kitchen area. Large covered tile front porch with a screen in rear tiled patio looking out to a large grass backyard.

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: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9192376

* 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
Lone Star Elementary School Primary Regular 750 48 8
Hillwood Middle School Middle Regular 1,087 65 8
Central High School High Regular 2,573 140 8

Lone Star Elementary School

  • Education Level: Primary
  • # of students: 750
  • # of teachers: 48
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
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,039
Property Tax -$685
Property Insurance -$151
HOA -$33
Property Management Fees -$99
CASH FLOW
-$7

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.

$299,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$11,575

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,997

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9953$2,0004$2,0955$2,100
$2,100
RENT COMPS ANALYSIS
  • 5129 Keating Street Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 5008 Garber Lane Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,035 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,035 Sqft ∙ Built 2006
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.96
    •  
  • 9325 Moncrief Street Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,241 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,241 Sqft ∙ Built 2004
    property image
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.89
    •  
  • 9049 Mcfarland Way Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,286 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,286 Sqft ∙ Built 2009
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.92
    •  
  • 4885 Van Zandt Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,164 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,164 Sqft ∙ Built 2005
    property image
    LEASED 11/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.97
    •  
PROPERTY LISTING DETAILS
Ethan Stegich
Stegich Group Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495674
Last Updated: 01/08/2021
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