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5133 Cantle Court Fort Worth, TX 76036

4 Beds 3 Baths 2,101 sqft Built 2020

$320,314

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $152.46
  • 3 Days on Market
  • MLS # : 14467185
  • Updated Date : 11/06/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,101 sqft
  • Baths : 3 full
Listing Agent

Trendmaker Homes Dfw, Llc

Listing Agent's Description

MLS# 14467185 - Built by Trendmaker Homes - January completion! ~ This stunning single-story home offers a modern, open layout with spacious rooms and premium features. The beautiful kitchen includes a large center island, stainless steel appliances, abundant storage space, and corner walk-in pantry, At the center of the home is a wide family room with large windows allowing for plenty of natural light. The roomy primary suite includes a spa-like primary bath with a large shower and dreamy walk-in closet. The rest of the home is made up of a flex room and additional bedrooms and bathroom.

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: 76036

ZipNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240kPrice in $122k243k

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

Zip Code: 76036

ZipNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$288,283$352,345$320,314

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,182
Property Tax -$734
Property Insurance -$149
HOA -$59
Property Management Fees -$99
CASH FLOW
-$273

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$320,314

PROJECTED PRICE

$1,950

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
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

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$86,883

INVESTMENT

$86,883

Down Payment
$80,079
Rehab Estimate
$2,000
Closing Costs
$4,805

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,182

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,079
Loan Amount $240,236
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,561

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,880

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6953$1,7954$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 5133 Cantle Court Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,101 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,101 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 4736 Slippery Rock Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,933 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,933 Sqft ∙ Built 2005
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.84
    •  
  • 9600 Flowering Spring Trail Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2005
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.91
    •  
  • 9425 Navarro Street Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,006 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,006 Sqft ∙ Built 2005
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.89
    •  
  • 9613 Cypress Lake Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 2014
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.94
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Trendmaker Homes Dfw, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467185
Last Updated: 11/06/2020
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