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 2015
- Price/Sqft : $122.11
- 2 Days on Market
- MLS # : 14519975
- Updated Date : 02/20/2021 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,415 sqft
- Baths : 2 full , 1 half
Listing Agent
Sixteen100 Realty, Llc
Listing Agent's Description
Must see!!! Beautiful 4 bedroom, 2.5 baths, office space, living area downstairs and upstairs, and covered patio. This 2415 sqft home has been recently painted, new carpet upstairs, and a newly renovated master bath. Spacious kitchen with stainless steel appliances and island for entertainment. This home is ready for a new home owner. The house is located close to shoppings, restaurants and major highways. Come see it before is gone!!!! Pictures will be updated later this week.
SEE MORE
- 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: Fossil Park Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fossil Park Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$1,024 |
| Property Tax | -$676 | |
| Property Insurance | -$167 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$46
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$294,900
PROJECTED PRICE
$1,950
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$83,899
LOAN DETAILS
$1,024
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $73,725 |
| Loan Amount | $221,175 |
3.42
YEARS SAVED
$8,801
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$2,143
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
524 Braewick Drive Fort Worth, TX 1
- 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $1,950
- $0.81
-
636 Tierra Vista Way Fort Worth, TX 2
- 4 beds 2 baths ∙ 2,305 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,305 Sqft ∙ Built 2016
LEASED 03/16/20- Rent
- Rent Per SQFT
- $2,100
- $0.91
-
10204 Fox Haven Court Fort Worth, TX 3
- 4 beds 2 baths ∙ 2,236 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,236 Sqft ∙ Built 2018
LEASED 10/16/20- Rent
- Rent Per SQFT
- $2,100
- $0.94
-
336 Emerald Creek Drive Fort Worth, TX 4
- 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2020
LEASED 01/16/21- Rent
- Rent Per SQFT
- $2,150
- $0.82
-
10520 Winding Passage Way Fort Worth, TX 5
- 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2006
LEASED 01/25/21- Rent
- Rent Per SQFT
- $2,150
- $0.88
PROPERTY LISTING DETAILS
Sixteen100 Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519975
Last Updated: 02/20/2021
