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5309 Royal Lytham Road Fort Worth, TX 76244

4 Beds 4 Baths 3,941 sqft Built 2009

$496,000

List Price

$3,060

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2009
  • Price/Sqft : $125.86
  • 3 Days on Market
  • MLS # : 14467211
  • Updated Date : 11/06/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,941 sqft
  • Baths : 3 full , 1 half
Listing Agent

Househunters

Listing Agent's Description

Beautiful home in very desirable neighborhood. Gameroom, media room and all other bedrooms up. Secondary bedroom has a separate play area or flex space attached to it. Master and office downstairs, along with living and dining space, secondary living space and breakfast area. Granite counters, beautiful cabinets, Home sits on a large lot, with tons of space for pool, trampoline, gardening or making outdoor flex space. Beautiful upgrades in this home, including kitchen and flooring. Many windows bring in natural iight. Stone fireplace in large living area. Covered patio for hot summer days. Large gameroom and media room. Great neighborhood and close to shopping, and highways.

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: Kingsridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $104k373k

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

Neighborhood: Kingsridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9192811

* 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
Parkwood Hill Intermediate School Primary Regular 1,070 57 8
Hillwood Middle School Middle Regular 1,087 65 8
Central High School High Regular 2,573 140 8

Parkwood Hill Intermediate School

  • Education Level: Primary
  • # of students: 1,070
  • # of teachers: 57
8
GreatSchools Rating

Hillwood Middle School

  • Education Level: Middle
  • # of students: 1,087
  • # of teachers: 65
8
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,573
  • # of teachers: 140
8
GreatSchools Rating
 

$446,400$545,600$496,000

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$1,830
Property Tax -$1,137
Property Insurance -$255
HOA -$25
Property Management Fees -$99
CASH FLOW
-$286

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.

$496,000

PROJECTED PRICE

$3,060

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 3.9%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,190

INVESTMENT

$137,190

Down Payment
$124,000
Rehab Estimate
$5,750
Closing Costs
$7,440

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,000
Loan Amount $372,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$6,379

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,060

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $3,222

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$2,8003$3,0604$3,1955$3,600
$3,600
RENT COMPS ANALYSIS
  • 5309 Royal Lytham Road Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,941 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,941 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $0.78
    •  
  • 11229 Kenny Drive Fort Worth, TX 1
    • 4 beds 4 baths ∙ 3,850 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,850 Sqft ∙ Built 2010
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.73
    •  
  • 9541 Sinclair Street Fort Worth, TX 2
    • 4 beds 4 baths ∙ 3,683 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,683 Sqft ∙ Built 2013
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.76
    •  
  • 4821 Eddleman Drive Fort Worth, TX 4
    • 4 beds 4 baths ∙ 3,787 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,787 Sqft ∙ Built 2009
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $0.84
    •  
  • 9849 Broiles Lane Fort Worth, TX 5
    • 4 beds 5 baths ∙ 3,813 Sqft ∙ Built 2014 4 beds 5 baths ∙ 3,813 Sqft ∙ Built 2014
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.94
    •  
PROPERTY LISTING DETAILS
Sherry Lefils
Househunters
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467211
Last Updated: 11/06/2020
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