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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $101.23
- 3 Days on Market
- MLS # : 14522953
- Updated Date : 02/26/2021 at 16:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,259 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Associates 1
Listing Agent's Description
FRESH UPDATES DISTINGUISH THIS STATELY HOME * PICTURESQUE PERRY CONSTRUCTION ON PREMIUM CORNER LOT * GREAT CURB APPEAL! * TERRIFIC NEIGHBORHOOD WITH HIGH PRIDE OF OWNERSHIP THROUGHOUT PLUS AFFORDABLE MANDATORY HOA * 2020 NEUTRAL CARPET * 2020 ROOF * 2021 GRANITE COUNTERTOPS, BACKSPLASH, SINK AND PLUMBING FIXTURES IN KITCHEN * MASTER BATH HAS JETTED GARDEN TUB AND SEPARATE SHOWER WITH 2021 FLOORING AND PLUMBING FIXTURES * REAR ENTRY GARAGE ADDS TO THE EXCLUSIVE FEEL OF THIS QUALITY HOME * DOWNSTAIRS STUDY COULD BE A 5TH BEDROOM OR MOTHER-IN-LAW SUITE * UPSTAIRS LIVING AREA WOULD PROVIDE AMPLE SPACE AS A GAMEROOM FOR ALL AGES * ISLAND KITCHEN COMPLETE WITH BUILT-IN OVEN AND MICROWAVE
SEE MORE
- . 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: Summer Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Summer Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,110 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$756 | |
| Property Insurance | -$216 | |
| HOA | -$13 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$119
|
||
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.
$329,900
PROJECTED PRICE
$2,110
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 3.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$93,174
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,475 |
| Loan Amount | $247,425 |
2.33
YEARS SAVED
$5,873
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,110
LIST RENT -
$0.65
LIST RENT PER SQFT
-
$2,102
COMP ESTIMATED VALUE -
$0.65
COMP AVG. RENT PER SQFT
Comps Range
-
5313 Summer Court Fort Worth, TX 4
- 4 beds 3 baths ∙ 3,259 Sqft ∙ Built 1987 4 beds 3 baths ∙ 3,259 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $2,110
- $0.65
-
7441 Grass Valley Trail Fort Worth, TX 1
- 4 beds 3 baths ∙ 3,166 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,166 Sqft ∙ Built 2005
LEASED 06/29/20- Rent
- Rent Per SQFT
- $2,000
- $0.63
-
8033 Pretoria Place Fort Worth, TX 2
- 4 beds 4 baths ∙ 3,207 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,207 Sqft ∙ Built 2004
LEASED 05/16/20- Rent
- Rent Per SQFT
- $2,000
- $0.62
-
4917 Sunset Ridge Drive Fort Worth, TX 3
- 4 beds 2 baths ∙ 3,112 Sqft ∙ Built 2003 4 beds 2 baths ∙ 3,112 Sqft ∙ Built 2003
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,000
- $0.64
-
8204 Rain Dance Court Fort Worth, TX 5
- 4 beds 3 baths ∙ 3,316 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,316 Sqft ∙ Built 1995
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,300
- $0.69
PROPERTY LISTING DETAILS
Re/max Associates 1
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14522953
Last Updated: 02/26/2021
