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5452 Tuxbury Pond Drive Fort Worth, TX 76179

3 Beds 2 Baths 1,938 sqft Built 2017

$299,998

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $154.80
  • 3 Days on Market
  • MLS # : 14519598
  • Updated Date : 02/19/2021 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,938 sqft
  • Baths : 2 full
Listing Agent

Century 21 Mike Bowman, Inc.

Listing Agent's Description

****PROFESIONAL PICTURES COMING MONDAY***** BEAUTIFUL 3 BEDROOM, 2 BATH HOME WITH OFFICE OR GAME ROOM LOCATED IN THE COVETED MARINE CREEK RANCH ADDITION. IDEAL OPEN CONCEPT, FILLED WITH NATURAL LIGHT, SOARING CEILING AND UPGRADED LAMINATE WOOD FLOORS. KITCHEN OPENS TO THE FAMILY ROOM, EQUIPPED WITH A LARGE CENTER ISLAND, GORGEOUS GRANITE COUNTERTOPS, SS APPLIANCES, AND AMPLE CABINETRY FOR STORAGE. SPLIT BEDROOM FLOOR PLAN OFFERING PRIVATE MASTER RETREAT WITH ENSUITE BATH AND WALK-IN CLOSET. SPACIOUS BACKYARD WITH SCREENED IN PORCH AND PLENTY OF ROOM FOR THAT SPARKLING POOL. FANTASTIC NEIGHBORHOOD WITH ACCESS TO THE LAKE, DOCK, COMMUNITY POOL, WALKING TRAILS AND ALL THE EXTRAS!

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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: 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
 

$269,998$329,998$299,998

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,042
Property Tax -$688
Property Insurance -$139
HOA -$31
Property Management Fees -$99
CASH FLOW
-$289

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.

$299,998

PROJECTED PRICE

$1,710

PROJECTED RENT

0.57%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

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$85,249

INVESTMENT

$85,249

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $224,999
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$471

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,701

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6503$1,6504$1,7105$1,800
$1,800
RENT COMPS ANALYSIS
  • 5452 Tuxbury Pond Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.88
    •  
  • 6068 Beachview Lane Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2005
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.83
    •  
  • 6144 Amberjack Trail Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2005
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
  • 6036 Horse Trap Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2004
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
  • 5709 Piedra Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 2005
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
PROPERTY LISTING DETAILS
Kerry Zamora
Century 21 Mike Bowman, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14519598
Last Updated: 02/19/2021
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