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5304 Copper Creek Drive Fort Worth, TX 76244

4 Beds 3 Baths 2,844 sqft Built 2001

$359,990

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $126.58
  • 4 Days on Market
  • MLS # : 14502181
  • Updated Date : 01/29/2021 at 09:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,844 sqft
  • Baths : 3 full
Listing Agent

The Listing Squirrel

Listing Agent's Description

Family living at its finest. Located in the center of one of the most desirable communities in Tarrant County. 4 bedrooms, 3 bath home features plenty of space for the active family. The downstairs features a guest suite, bath with granite, study, formal dining, open concept family room with fireplace, bright kitchen with granite countertops, breakfast bar, walk-in pantry, and large breakfast nook. The Master suite features a garden tub, separate, double vanities, & a large walk-in closet. Upstairs are two bedrooms, bath & Game-Media room. Step outside onto the extended covered patio that wraps around the home with a perfect place for grilling. The large back yard offers plenty of room for a pool, play, & pets.

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: 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
Woodland Springs Elementary School Primary Regular 526 38 6
Timbercreek High School High Regular 2,957 160 8
Timbercreek High School High Unknown NA

Woodland Springs Elementary School

  • Education Level: Primary
  • # of students: 526
  • # of teachers: 38
6
GreatSchools Rating

Timbercreek High School

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

Timbercreek High School

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

$323,991$395,989$359,990

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,250
Property Tax -$825
Property Insurance -$192
HOA -$50
Property Management Fees -$99
CASH FLOW
-$126

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.

$359,990

PROJECTED PRICE

$2,290

PROJECTED RENT

0.64%

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$101,147

INVESTMENT

$101,147

Down Payment
$89,998
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,998
Loan Amount $269,993
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$6,585

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,289

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1503$2,2904$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 5304 Copper Creek Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.81
    •  
  • 5320 Bellis Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,771 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,771 Sqft ∙ Built 2001
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.76
    •  
  • 11329 Kenny Drive Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,686 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,686 Sqft ∙ Built 2010
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.80
    •  
  • 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
    property image
    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
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.85
    •  
PROPERTY LISTING DETAILS
Colleen Cline
The Listing Squirrel
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14502181
Last Updated: 01/29/2021
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