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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $142.05
- 5 Days on Market
- MLS # : 14486875
- Updated Date : 12/18/2020 at 11:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,900 sqft
- Baths : 2 full
Listing Agent
R.e.invest Brokerage, Llc.
Listing Agent's Description
A wonderful opportunity to be within Keller ISD school district! The first and only homeowners put a plethora of upgrades into the home - 12 ft vaulted celling in living-dining-kitchen, quartz countertops along with upgraded cabinets in kitchen and brand new full interior paint. This home is also equipped with Nest Protect & Nest Guard. An added bonus, garage has Gladiator GearTrack channels, ready for storage organization. The community also provides a large pool, splash pad, playground and a basketball court right within walking distance. So many upgrades to name, so please take a look at the full list of upgrades in documents!
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Valley Brook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Valley Brook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$619 | |
| Property Insurance | -$137 | |
| HOA | -$32 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$162
|
||
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.
$269,900
PROJECTED PRICE
$1,720
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,274
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
1.67
YEARS SAVED
$3,420
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,729
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
5525 Breeze Water Way Fort Worth, TX 4
- 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2013
![property image]()
- Rent
- Rent Per SQFT
- $1,720
- $0.91
-
8816 Quarry Ridge Trail Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2008
![property image]()
LEASED 07/06/20- Rent
- Rent Per SQFT
- $1,595
- $0.89
-
8820 Moon Rise Court Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 2010
![property image]()
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,600
- $0.90
-
6049 Mountain Robin Court Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,790 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,790 Sqft ∙ Built 2010
![property image]()
LEASED 09/06/20- Rent
- Rent Per SQFT
- $1,675
- $0.94
-
5800 Valley Haven Way Fort Worth, TX 5
- 4 beds 2 baths ∙ 2,002 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,002 Sqft ∙ Built 2012
![property image]()
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,825
- $0.91
PROPERTY LISTING DETAILS
R.e.invest Brokerage, Llc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14486875
Last Updated: 12/18/2020
