Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $137.86
- 6 Days on Market
- MLS # : 14491382
- Updated Date : 12/29/2020 at 09:54
CONSTRUCTION
- Beds : 3
- Floor Size : 1,487 sqft
- Baths : 2 full
Listing Agent
Wilco, Realtors
Listing Agent's Description
Better than New! This open concept home, built in 2018, has everything you expect and MORE in a new home, without all the kinks of brand new construction. Oversized covered front porch welcomes you. Wood laminate in entryway extends through 20x14 living area. Easily entertain guests while preparing meals in your kitchen featuring granite counters, lots of cabinetry, walk-in pantry and SS appliances. Master boasts spacious bath with walk-in closet amply sized for two! High-end finishes throughout! Como Elementary was recently featured on the Ellen Degeneres Show! One block from Rivertree Academy too. Super convenient & centrally located in the heart of West Fort Worth in an Up-and-Coming neighborhood!
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: Como
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Como
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,480 |
| EXPENSES | Loan Payment | -$756 |
| Property Tax | -$470 | |
| Property Insurance | -$113 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$42
|
||
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.
$205,000
PROJECTED PRICE
$1,480
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 11.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$60,075
LOAN DETAILS
$756
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $51,250 |
| Loan Amount | $153,750 |
5.33
YEARS SAVED
$13,645
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,480
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,625
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
5528 Fletcher Avenue Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $1,480
- $1.00
-
5320 Fernander Drive Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,319 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,319 Sqft ∙ Built 2019
LEASED 02/10/20- Rent
- Rent Per SQFT
- $1,550
- $1.18
-
5706 Kilpatrick Avenue Fort Worth, TX 3
- 4 beds 2 baths ∙ 1,595 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,595 Sqft ∙ Built 2016
LEASED 04/09/20- Rent
- Rent Per SQFT
- $1,650
- $1.03
-
5721 Geddes Avenue Fort Worth, TX 4
- 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2019
LEASED 01/27/20- Rent
- Rent Per SQFT
- $1,750
- $1.07
-
5315 Wellesley Avenue Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2020
LEASED 12/22/20- Rent
- Rent Per SQFT
- $1,800
- $1.09
PROPERTY LISTING DETAILS
Wilco, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14491382
Last Updated: 12/29/2020
