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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $101.85
- 4 Days on Market
- MLS # : 14490498
- Updated Date : 12/24/2020 at 05:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,240 sqft
- Baths : 2 full , 1 half
Listing Agent
Su Kaza Realty, Llc
Listing Agent's Description
**Open house on 12-27-2020 from 11am to 2pm**Spacious 4 bed room, 2.5 bath home. Within walking distance to Marine Creek lake. Kitchen has recently installed granite countertops and sink. First floor has tile and wood flooring. Stairs and second floor have wood flooring. Laundry room with walk in pantry. Master bedroom has two walk in closets, the bigger closet was used as a nursery. Backyard has covered porch and balcony with stairs. Marine Creek Lake and downtown Fort Worth can be seen from the balcony. Marine Creek Lake offers miles of scenic trails, 2 public boat ramps, and areas for fishing. Roof replaced in 2020.
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: Marine Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Marine Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,218 |
| Property Tax | -$756 | |
| Property Insurance | -$214 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$317
|
||
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.
$330,000
PROJECTED PRICE
$2,000
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 9.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$93,200
LOAN DETAILS
$1,218
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
0.5
YEARS SAVED
$725
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 -
$0.62
LIST RENT PER SQFT
-
$2,160
COMP ESTIMATED VALUE -
$0.67
COMP AVG. RENT PER SQFT
Comps Range
-
5213 Royal Birkdale Drive Fort Worth, TX 1
- 4 beds 3 baths ∙ 3,240 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,240 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $2,000
- $0.62
-
6152 Redear Drive Fort Worth, TX 2
- 4 beds 3 baths ∙ 3,216 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,216 Sqft ∙ Built 2005
LEASED 02/21/20- Rent
- Rent Per SQFT
- $2,045
- $0.64
-
5864 Lamb Creek Drive Fort Worth, TX 3
- 4 beds 4 baths ∙ 3,241 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,241 Sqft ∙ Built 2009
LEASED 08/22/19- Rent
- Rent Per SQFT
- $2,200
- $0.68
-
4104 Mantis Street Fort Worth, TX 4
- 5 beds 4 baths ∙ 3,225 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,225 Sqft ∙ Built 2006
LEASED 02/04/20- Rent
- Rent Per SQFT
- $2,200
- $0.68
PROPERTY LISTING DETAILS
Su Kaza Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14490498
Last Updated: 12/24/2020
