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5366 Desert Falls Drive Fort Worth, TX 76137

5 Beds 3 Baths 2,871 sqft Built 2000

$349,900

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $121.87
  • 1 Days on Market
  • MLS # : 14514646
  • Updated Date : 02/06/2021 at 21:38
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,871 sqft
  • Baths : 3 full
Listing Agent

Superior Real Estate Group

Listing Agent's Description

POOL TIME IS RIGHT around the corner & you will be ready in your beautiful new home! This well kept home has 5 bedrooms, 3 full baths, 3 living areas & 2 dining areas. The light & bright home features tall ceilings, archways, crown molding, wonderful kitchen with granite, plenty of cabinets & counterspace, double ovens, 2 pantries, coffee bar, breakfast bar & more! The master retreat has an exterior door to the pool! The master bath has dual vanities, jetted tub, separate shower, large walk in closet! Each bedroom is private!The backyard is an oasis with a gorgeous pool & spa, pergola, plenty of patio areas with luscious landscaping.Besides all of the home's amenities, don't forget LOCATION, LOCATION, LOCATION!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Park Glen

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Park Glen

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
Park Glen Elementary School Primary Regular 546 38 7
Central High School High Regular 2,573 140 8
Central High School High Unknown NA

Park Glen Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 38
7
GreatSchools Rating

Central High School

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

Central High School

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

$314,910$384,890$349,900

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,215
Property Tax -$802
Property Insurance -$193
HOA -$6
Property Management Fees -$99
CASH FLOW
-$35

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.

$349,900

PROJECTED PRICE

$2,280

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.4%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$11,880

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,225

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1953$2,2004$2,2505$2,280
$2,280
RENT COMPS ANALYSIS
  • 5366 Desert Falls Drive Fort Worth, TX 5
    • 5 beds 3 baths ∙ 2,871 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,871 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $0.79
    •  
  • 8232 Mount Shasta Circle Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 1996
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.74
    •  
  • 7912 Rampston Place Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 2003
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.82
    •  
  • 5825 Haven Lake Way Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,940 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,940 Sqft ∙ Built 2011
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.75
    •  
  • 5813 Valley Haven Way Fort Worth, TX 4
    • 4 beds 4 baths ∙ 2,857 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,857 Sqft ∙ Built 2012
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.79
    •  
PROPERTY LISTING DETAILS
Kay Rollins
Superior Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514646
Last Updated: 02/06/2021
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