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5133 Pinellas Avenue 
Fort Worth, TX
76244
4 Beds 4 Baths 3,354 sqft
Built 2004
INVESTimate
$335,000
List Price
$94,525
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PROPERTY INFO
FACTS
- Built In 2004
- Price/Sqft : $99.88
- 2 Days on Market
- MLS # : 14420238
- Updated Date : 08/25/2020 at 14:05
CONSTRUCTION
- Beds : 4
- Floor Size : 3,354 sqft
- Baths : 3 full , 1 half
Listing Agent
Compass Re Texas, Llc
Listing Agent's Description
Stunning David Weekly smart home in exceptional Keller ISD! The chef's kitchen with stainless steel and an oversized island make the ideal spot for gatherings! The versatile floorpan allows for a variety of living options. The gigantic master suite is complete with a large soaking tub, separate shower, and huge closet! You'll enjoy your evenings on the spacious screened in back porch and the spend the mornings on your cozy front porch with a cup of coffee!
SEE MORE
- . 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: Hillsborough
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hillsborough
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,350 |
| EXPENSES | Loan Payment | -$1,236 |
| Property Tax | -$768 | |
| Property Insurance | -$221 | |
| 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.
$335,000
PROJECTED PRICE
$2,350
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.89% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$94,525
LOAN DETAILS
$1,236
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
4.17
YEARS SAVED
$15,898
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,350
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$2,666
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
5133 Pinellas Avenue Fort Worth, TX 2
- 4 beds 4 baths ∙ 3,354 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,354 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $2,350
- $0.70
-
9918 Gessner Drive Fort Worth, TX 1
- 4 beds 3 baths ∙ 3,020 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,020 Sqft ∙ Built 2005
LEASED 06/22/19- Rent
- Rent Per SQFT
- $2,195
- $0.73
-
10212 Sourwood Drive Fort Worth, TX 3
- 5 beds 4 baths ∙ 3,132 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,132 Sqft ∙ Built 2004
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,400
- $0.77
-
10117 Jessica Street Fort Worth, TX 4
- 4 beds 4 baths ∙ 3,153 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,153 Sqft ∙ Built 2002
LEASED 08/02/20- Rent
- Rent Per SQFT
- $2,400
- $0.76
-
4737 Exposition Way Fort Worth, TX 5
- 4 beds 3 baths ∙ 3,270 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,270 Sqft ∙ Built 2007
LEASED 06/11/20- Rent
- Rent Per SQFT
- $3,000
- $0.92
PROPERTY LISTING DETAILS
Compass Re Texas, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420238
Last Updated: 08/25/2020
