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513 Mesa View Trail Fort Worth, TX 76131

5 Beds 3 Baths 2,657 sqft Built 2016

INVESTimate

$305,000

List Price

$2,100

$1,890 - $2,310

Rent Est.

$318,908  ( +4.56%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $114.79
  • 5 Days on Market
  • MLS # : 14419016
  • Updated Date : 08/22/2020 at 23:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,657 sqft
  • Baths : 2 full , 1 half
Listing Agent

David Christopher & Associates

Listing Agent's Description

This like-new home boasts a spacious open-concept with Master on first level and additional 4 bedrooms and game room on second level. Ample space for entertaining with front covered porch and large fenced in backyard. Unwind after a long day in your master retreat with an en suite bath featuring dual vanities, large tub, and separate glass shower. Kitchen has light and bright countertops, custom cabinets, tons of storage space, island, and updated appliances. Neighborhood has community pool, park, and playground!!

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

Neighborhood: The Bar Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k265k

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

Neighborhood: The Bar Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191760

* 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
Comanche Springs Elementary School Primary Regular 586 34 5
Prairie Vista Middle School Middle Regular 866 53 5
Saginaw High School High Regular 1,785 113 6

Comanche Springs Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 34
5
GreatSchools Rating

Prairie Vista Middle School

  • Education Level: Middle
  • # of students: 866
  • # of teachers: 53
5
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,125
Property Tax -$699
Property Insurance -$181
HOA -$37
Property Management Fees -$99
CASH FLOW
-$41

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$305,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 4.56%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$12,194

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,205

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1003$2,1554$2,2505$2,400
$2,400
RENT COMPS ANALYSIS
  • 513 Mesa View Trail Fort Worth, TX 2
    • 5 beds 5 baths ∙ 2,657 Sqft ∙ Built 2016 5 beds 5 baths ∙ 2,657 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.79
    •  
  • 717 Catalpa Road Saginaw, TX 1
    • 5 beds 3 baths ∙ 2,727 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,727 Sqft ∙ Built 2005
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 9149 Liberty Crossing Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2006
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,155
    • $0.80
    •  
  • 8721 Antelope Flat Lane Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 2020
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.89
    •  
  • 205 Black Alder Drive Fort Worth, TX 5
    • 4 beds 4 baths ∙ 2,798 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,798 Sqft ∙ Built 2018
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
PROPERTY LISTING DETAILS
David Brown
David Christopher & Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419016
Last Updated: 08/22/2020
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