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5516 Breeze Water Way Fort Worth, TX 76244

4 Beds 3 Baths 2,861 sqft Built 2014

$299,900

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $104.82
  • 3 Days on Market
  • MLS # : 14469838
  • Updated Date : 11/12/2020 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,861 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp & Associates Plano

Listing Agent's Description

Great Location! Wont last! Comfortable spacious home with many extras! Well maintained and move in ready. Front formal dining or flex room. Great Kitchen with stainless appliances and beautiful backsplash and island surround. 11 ft ceilings and can lights throughout highlight the open living area perfect for entertaining. Double sink in upstairs bath. Large game room. Extended covered patio. Large yard. Close to schools, shopping and highways. Must see!

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: Valley Brook

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Valley Brook

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
Parkwood Hill Intermediate School Primary Regular 1,070 57 8
Hillwood Middle School Middle Regular 1,087 65 8
Central High School High Regular 2,573 140 8

Parkwood Hill Intermediate School

  • Education Level: Primary
  • # of students: 1,070
  • # of teachers: 57
8
GreatSchools Rating

Hillwood Middle School

  • Education Level: Middle
  • # of students: 1,087
  • # of teachers: 65
8
GreatSchools Rating

Central High School

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

$269,910$329,890$299,900

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,107
Property Tax -$687
Property Insurance -$193
HOA -$29
Property Management Fees -$99
CASH FLOW
$16

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.

$299,900

PROJECTED PRICE

$2,130

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$16,190

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,267

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,130
1$2,1302$2,2003$2,2004$2,2455$2,250
$2,250
RENT COMPS ANALYSIS
  • 5516 Breeze Water Way Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,861 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,861 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.74
    •  
  • 5376 Lake Chelen Drive Fort Worth, TX 2
    • 5 beds 3 baths ∙ 2,672 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,672 Sqft ∙ Built 2000
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $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
    •  
  • 5917 Valley Haven Way Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,777 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,777 Sqft ∙ Built 2012
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.81
    •  
  • 5813 Valley Haven Way Fort Worth, TX 5
    • 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
Naddia Morales
Jp & Associates Plano
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469838
Last Updated: 11/12/2020
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