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5237 Sonata Trail Fort Worth, TX 76126

3 Beds 2 Baths 2,116 sqft Built 2020

INVESTimate

$329,900

List Price

$2,090

$1,881 - $2,299

Rent Est.

$348,275  ( +5.57%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $155.91
  • 7 Days on Market
  • MLS # : 14417383
  • Updated Date : 08/20/2020 at 11:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,116 sqft
  • Baths : 2 full
Listing Agent

Living Real Estate Group

Listing Agent's Description

NEW from Clarity Homes in desirable Skyline Ranch! Don’t miss your chance to own this beautiful 3 bed 2 bath home with a flex space! Dream layout checks every box. Flex room could be study, dining, or 2nd living. Cooking will be a dream with your gas range, single bowl sink, and stainless appliances! Gorgeous painted brick and designer features throughout the home! Don't miss your opportunity to join this thriving neighborhood, conveniently located near major highways, minutes from downtown and great shopping areas.

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: 76126

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $104k476k

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

Zip Code: 76126

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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.
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,217
Property Tax -$756
Property Insurance -$149
HOA -$25
Property Management Fees -$99
CASH FLOW
-$157

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.

$329,900

PROJECTED PRICE

$2,090

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.57%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,424

INVESTMENT

$89,424

Down Payment
$82,475
Rehab Estimate
$2,000
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,341

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,100

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9953$2,0904$2,1905$2,190
$2,190
RENT COMPS ANALYSIS
  • 5237 Sonata Trail Fort Worth, TX 3
    • 3 beds 2 baths ∙ 2,116 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,116 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.99
    •  
  • 7101 Crenshaw Drive Benbrook, TX 1
    • 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 2005
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.97
    •  
  • 10613 Whitestone Ranch Road Benbrook, TX 2
    • 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 2002
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.94
    •  
  • 5524 Vaquero Road Fort Worth, TX 4
    • 3 beds 3 baths ∙ 2,122 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,122 Sqft ∙ Built 2020
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.03
    •  
  • 5568 Vaquero Road Fort Worth, TX 5
    • 3 beds 3 baths ∙ 2,122 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,122 Sqft ∙ Built 2020
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.03
    •  
PROPERTY LISTING DETAILS
Carson Snyder
Living Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417383
Last Updated: 08/20/2020
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