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5404 Cookstown Lane Fort Worth, TX 76036

5 Beds 3 Baths 2,722 sqft Built 2020

$291,490

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Built In 2020
  • Price/Sqft : $107.09
  • 9 Days on Market
  • MLS # : 14460570
  • Updated Date : 11/01/2020 at 14:57
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,722 sqft
  • Baths : 3 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14460570 - Built by Starlight Homes - November completion! ~ Make your new home in our Galileo plan. Friends and family will have plenty of space in this two-story, 5 bedroom, 3 bathroom home with private backyard. You'll also have a two-car garage, granite countertops and all new appliances.

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: Panther Heights

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Panther Heights

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
S.h. Crowley Intermediate School Primary Regular 456 26 4
S.h. Crowley Intermediate School Middle Regular 456 26 4
Crowley High School High Regular 2,033 150 4

S.h. Crowley Intermediate School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 26
4
GreatSchools Rating

S.h. Crowley Intermediate School

  • Education Level: Middle
  • # of students: 456
  • # of teachers: 26
4
GreatSchools Rating

Crowley High School

  • Education Level: High
  • # of students: 2,033
  • # of teachers: 150
4
GreatSchools Rating
 

$262,341$320,639$291,490

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,075
Property Tax -$721
Property Insurance -$184
HOA -$21
Property Management Fees -$99
CASH FLOW
$59

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$291,490

PROJECTED PRICE

$2,160

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,245

INVESTMENT

$79,245

Down Payment
$72,873
Rehab Estimate
$2,000
Closing Costs
$4,372

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,075

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,873
Loan Amount $218,618
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$18,985

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,103

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$2,0003$2,0954$2,1605$2,400
$2,400
RENT COMPS ANALYSIS
  • 5404 Cookstown Lane Fort Worth, TX 4
    • 5 beds 3 baths ∙ 2,722 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,722 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.79
    •  
  • 9712 Willow Branch Way Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 2008
    property image
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.66
    •  
  • 5861 Bindweed Street Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2015
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.80
    •  
  • 4824 Barberry Tree Cove Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,619 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,619 Sqft ∙ Built 2005
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.80
    •  
  • 4929 Breezewind Lane Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,887 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,887 Sqft ∙ Built 2015
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.83
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14460570
Last Updated: 11/01/2020
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