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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $125.63
- 2 Days on Market
- MLS # : 14471306
- Updated Date : 11/14/2020 at 21:40
CONSTRUCTION
- Beds : 4
- Floor Size : 1,990 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
SEARCH YOUTUBE FOR HD VIDEO OF THIS PROPERTY. Pride of ownership abounds in this one story family home. Bright and open floorplan is perfect for entertaining. Spacious island kitchen offers 42 inch cabinetry, walk-in closet and gas range. Owner's retreat features a shiplap accent wall, custom sconces, and plenty of space for your large furniture. Owner's retreat ensuite bathroom boasts dual sinks, garden tub, separate shower and large walk-in closet. Secondary bedrooms offer tall ceilings, walk-in closets and plenty of space for Lego building or lounging. Large backyard is a blank canvas for your to create the backyard of your dreams with plenty of space for a pool and Fido too! Excellent freeway accessibility.
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: Twin Mills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Twin Mills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$573 | |
| Property Insurance | -$142 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$92
|
||
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.
$250,000
PROJECTED PRICE
$1,870
PROJECTED RENT
0.75%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.4% |
| 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
$72,000
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
6.17
YEARS SAVED
$20,703
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,866
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
5336 Thornbush Drive Fort Worth, TX 4
- 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 2012
![property image]()
- Rent
- Rent Per SQFT
- $1,870
- $0.94
-
5217 Molasses Drive Fort Worth, TX 1
- 4 beds 2 baths ∙ 1,844 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,844 Sqft ∙ Built 2013
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LEASED 06/24/20- Rent
- Rent Per SQFT
- $1,750
- $0.95
-
5301 Rye Drive Fort Worth, TX 2
- 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 2006
![property image]()
LEASED 12/26/19- Rent
- Rent Per SQFT
- $1,795
- $0.96
-
5428 Thornbush Drive Fort Worth, TX 3
- 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 2012
![property image]()
LEASED 05/04/20- Rent
- Rent Per SQFT
- $1,800
- $0.92
-
8832 Highland Orchard Drive Fort Worth, TX 5
- 4 beds 3 baths ∙ 2,054 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,054 Sqft ∙ Built 2006
![property image]()
LEASED 08/06/20- Rent
- Rent Per SQFT
- $1,895
- $0.92
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14471306
Last Updated: 11/14/2020
