Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5137 Bay View Drive Fort Worth, TX 76244

4 Beds 3 Baths 2,759 sqft Built 2003

$327,900

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $118.85
  • 3 Days on Market
  • MLS # : 14526696
  • Updated Date : 03/06/2021 at 16:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,759 sqft
  • Baths : 2 full , 1 half
Listing Agent

Best Address Real Estate

Listing Agent's Description

This home has it ALL! 4 spacious bedrooms 2 and a half baths, study and large game room. Study could be fifth bedroom. The upgraded kitchen with granite countertops is open to living area that is anchored by a cozy gas fireplace. Great floorpan with Owners Suite downstairs and 3 additional rooms upstairs. Possibilities for the HUGE backyard are endless. Backyard has large covered patio and pergola conducive for entertaining. Master planned community with multiple swimming pools and parks. *SHOWING FROM 9-12 SUNDAY and OFFER DEADLINE at 5pm SUNDAY MARCH 7th**

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

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
Independence Elementary School Primary Regular 458 33 6
Timbercreek High School High Regular 2,957 160 8
Independence Elementary School Primary Unknown NA

Independence Elementary School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 33
6
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students: 2,957
  • # of teachers: 160
8
GreatSchools Rating

Independence Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$295,110$360,690$327,900

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,139
Property Tax -$752
Property Insurance -$187
HOA -$50
Property Management Fees -$99
CASH FLOW
-$76

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.

$327,900

PROJECTED PRICE

$2,150

PROJECTED RENT

0.66%

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$1.0M

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,644

INVESTMENT

$92,644

Down Payment
$81,975
Rehab Estimate
$5,750
Closing Costs
$4,919

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,139

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,975
Loan Amount $245,925
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$8,123

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,166

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,1003$2,1504$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 5137 Bay View Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,759 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,759 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.78
    •  
  • 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
    •  
  • 5320 Bellis Drive Fort Worth, TX 2
    • 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
    •  
  • 11909 Vienna Apple Road Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,842 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,842 Sqft ∙ Built 2006
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.81
    •  
  • 11901 Summerwind Drive Fort Worth, TX 5
    • 5 beds 3 baths ∙ 2,826 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,826 Sqft ∙ Built 2006
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.85
    •  
PROPERTY LISTING DETAILS
Natalie Gary
Best Address Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14526696
Last Updated: 03/06/2021
BESbswy