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5533 Dunn Hill Drive Fort Worth, TX 76137

5 Beds 4 Baths 3,603 sqft Built 2003

INVESTimate

$347,000

List Price

$2,460

$2,214 - $2,706

Rent Est.

$377,848  ( +8.89%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $96.31
  • 6 Days on Market
  • MLS # : 14418167
  • Updated Date : 08/22/2020 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,603 sqft
  • Baths : 3 full , 1 half
Listing Agent

Dwell Fine Homes & Properties

Listing Agent's Description

Beautiful 5-bedroom home in Keller ISD! Home offers open floor plan with custom cabinets in kitchen, double height living room and stone fireplace and hearth, large game room, and sunroom! Home provides two home office-study areas. Great location in close proximity to many new Alliance shopping and dining. No repairs. Buyer and buyer’s agent to verify schools and all measurements.

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: Parkwood Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Parkwood Hills

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
 

$312,300$381,700$347,000

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$1,280
Property Tax -$795
Property Insurance -$235
HOA -$33
Property Management Fees -$99
CASH FLOW
$17

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.

$347,000

PROJECTED PRICE

$2,460

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.89%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,705

INVESTMENT

$97,705

Down Payment
$86,750
Rehab Estimate
$5,750
Closing Costs
$5,205

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,280

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,750
Loan Amount $260,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$18,473

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,460

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,450

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1953$2,3954$2,4605$2,600
$2,600
RENT COMPS ANALYSIS
  • 5533 Dunn Hill Drive Fort Worth, TX 4
    • 5 beds 4 baths ∙ 3,603 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,603 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $0.68
    •  
  • 7728 Marble Canyon Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 3,352 Sqft ∙ Built 1992 4 beds 3 baths ∙ 3,352 Sqft ∙ Built 1992
    property image
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.61
    •  
  • 5025 Senator Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 3,454 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,454 Sqft ∙ Built 2002
    property image
    LEASED 04/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.64
    •  
  • 5529 Bandelier Trail Fort Worth, TX 3
    • 5 beds 4 baths ∙ 3,278 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,278 Sqft ∙ Built 2002
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.73
    •  
  • 7601 Arcadia Trail Fort Worth, TX 5
    • 5 beds 3 baths ∙ 3,532 Sqft ∙ Built 1992 5 beds 3 baths ∙ 3,532 Sqft ∙ Built 1992
    property image
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.74
    •  
PROPERTY LISTING DETAILS
Evelyn Lang
Dwell Fine Homes & Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418167
Last Updated: 08/22/2020
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