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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $111.00
- 4 Days on Market
- MLS # : 14514734
- Updated Date : 02/26/2021 at 16:06
CONSTRUCTION
- Beds : 4
- Floor Size : 3,828 sqft
- Baths : 3 full , 1 half
Listing Agent
Ebby Halliday, Realtors
Listing Agent's Description
Absolutely beautiful 4BR, 3.5 Bath home with gourmet kitchen and open concept. This lovely home features TWO FULL OWNER'S SUITES, one down, one up, each with ensuite bath and walk in closet. Oversized formal dining hosts ultimate dinner party and gourmet kitchen has 5-burner gas cooktop, pretty glass front cabinets, durable and stylish granite counters, SS appliances, walk in pantry, and upgraded bank of cabs with Quartz countertop in the breakfast nook. Extended and covered back patio leads to spacious yard and a 7-person hot tub with 42 jets, LED lights and fountain. Upstairs offers two additional spacious living areas, the second owner's suite and bath, and two additional bedrooms and another full bath.
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: Marine Creek Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Marine Creek Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,070 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$974 | |
| Property Insurance | -$248 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$757
|
||
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.
$424,900
PROJECTED PRICE
$2,070
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$118,349
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,225 |
| Loan Amount | $318,675 |
-0.17
YEARS SAVED
-$24
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,070
LIST RENT -
$0.54
LIST RENT PER SQFT
-
$2,093
COMP ESTIMATED VALUE -
$0.55
COMP AVG. RENT PER SQFT
Comps Range
-
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- 4 beds 4 baths ∙ 3,828 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,828 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $2,070
- $0.54
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5129 Weather Rock Lane Fort Worth, TX 1
- 5 beds 4 baths ∙ 3,759 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,759 Sqft ∙ Built 2004
LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,850
- $0.49
-
6205 Winnebago Court Fort Worth, TX 2
- 4 beds 3 baths ∙ 3,535 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,535 Sqft ∙ Built 2005
LEASED 08/12/20- Rent
- Rent Per SQFT
- $1,875
- $0.53
-
6204 El Capitan Street Fort Worth, TX 4
- 5 beds 4 baths ∙ 3,873 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,873 Sqft ∙ Built 2013
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,395
- $0.62
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14514734
Last Updated: 02/26/2021
