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5517 Breeze Water Way Fort Worth, TX 76244

3 Beds 2 Baths 2,440 sqft Built 2014

$283,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $115.98
  • 3 Days on Market
  • MLS # : 14440223
  • Updated Date : 11/13/2020 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,440 sqft
  • Baths : 2 full
Listing Agent

Perfect Place Realty Group Llc

Listing Agent's Description

WELCOME HOME to this impeccable one-owner, move-in ready home on an oversized lot! Enter the single-story home through the entry-way with high ceilings. The open concept LR & kitchen have an abundance of natural light shining in through the back windows. The kitchen features SS appliances, granite countertops & a pantry. The huge master suite with a walk-in closet is a perfect retreat. Relax or entertain on the covered patio overlooking the vast backyard with a shed for extra storage. The study & dining room are great for those who work from home. HOA amenities: pool, splash pad, playground & basketball court. This home attends Keller ISD schools & is centrally located to highways, shopping & restaurants.

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
 

$254,700$311,300$283,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,044
Property Tax -$649
Property Insurance -$168
HOA -$29
Property Management Fees -$99
CASH FLOW
-$89

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.

$283,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.67%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$80,745

INVESTMENT

$80,745

Down Payment
$70,750
Rehab Estimate
$5,750
Closing Costs
$4,245

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,750
Loan Amount $212,250
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$7,837

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,952

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$1,8954$1,9005$2,050
$2,050
RENT COMPS ANALYSIS
  • 5517 Breeze Water Way Fort Worth, TX 4
    • 3 beds 2 baths ∙ 2,440 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,440 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.78
    •  
  • 5501 Milford Drive Fort Worth, TX 1
    • 3 beds 3 baths ∙ 2,321 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,321 Sqft ∙ Built 2000
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.80
    •  
  • 9005 Belvedere Drive Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,368 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,368 Sqft ∙ Built 2003
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.80
    •  
  • 9037 Napa Valley Trail Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2003
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.72
    •  
  • 8909 Graywolf Ridge Trail Fort Worth, TX 5
    • 3 beds 3 baths ∙ 2,324 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,324 Sqft ∙ Built 2007
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.88
    •  
PROPERTY LISTING DETAILS
Christie Hill
Perfect Place Realty Group Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14440223
Last Updated: 11/13/2020
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