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5213 Royal Birkdale Drive Fort Worth, TX 76135

4 Beds 3 Baths 3,240 sqft Built 2003

$330,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
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

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: Marine Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Marine Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Marine Creek Elementary School Primary Regular 545 40 2
Lucyle Collins Middle School Middle Regular 478 33 3
Lake Worth High School High Regular 744 52 3

Marine Creek Elementary School

  • Education Level: Primary
  • # of students: 545
  • # of teachers: 40
2
GreatSchools Rating

Lucyle Collins Middle School

  • Education Level: Middle
  • # of students: 478
  • # of teachers: 33
3
GreatSchools Rating

Lake Worth High School

  • Education Level: High
  • # of students: 744
  • # of teachers: 52
3
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

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
$2,000
1$2,0002$2,0453$2,2004$2,200
$2,200
RENT COMPS ANALYSIS
  • 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
Arminio Serrano
Su Kaza Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490498
Last Updated: 12/24/2020
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