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5413 Percy Priest Street Fort Worth, TX 76179

4 Beds 3 Baths 2,946 sqft Built 2015

$375,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $127.29
  • 4 Days on Market
  • MLS # : 14520151
  • Updated Date : 02/27/2021 at 18:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,946 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Property Shop

Listing Agent's Description

Meticulous one owner home in Marine Creek Ranch. Beautifully and extensively upgraded when built with First Texas Homes. 4 bed plus Office, 2.5 Bath, 2 living areas, formal dining, 3 car garage, California kitchen, wood flooring downstairs, granite in kitchen and master bathroom, SS appliances, 5 burner gas stove, double oven, eat-in bfast nook, XL master closet that connects to oversized laundry suite, smart Sonos speakers, large covered rear patio, decent size backyard without a neighbor directly behind, and much more! HOA amenities include pool, clubhouse, jogging trails. Public boat ramp, near downtown Fort Worth, NASJRB, and shopping & eating areas.

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: Marine Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k269k

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

Neighborhood: Marine Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9191828

* 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
Parkview Elementary School Primary Regular 695 40 6
Ed Willkie Middle School Middle Regular 862 53 5
Chisholm Trail High School High Unknown NA

Parkview Elementary School

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 40
6
GreatSchools Rating

Ed Willkie Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 53
5
GreatSchools Rating

Chisholm Trail High School

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

$337,500$412,500$375,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,303
Property Tax -$860
Property Insurance -$197
HOA -$30
Property Management Fees -$99
CASH FLOW
-$399

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.

$375,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$252

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,158

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8753$2,0904$2,1505$2,175
$2,175
RENT COMPS ANALYSIS
  • 5413 Percy Priest Street Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,946 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,946 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.71
    •  
  • 5605 Blanca Court Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2004
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.68
    •  
  • 6245 White Jade Drive Fort Worth, TX 2
    • 5 beds 3 baths ∙ 2,663 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,663 Sqft ∙ Built 2016
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.70
    •  
  • 5744 Spirit Lake Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 2013
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.78
    •  
  • 6153 Bowfin Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2006
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.77
    •  
PROPERTY LISTING DETAILS
Lisa Hawkins
The Property Shop
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14520151
Last Updated: 02/27/2021
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