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5549 Northfield Drive Fort Worth, TX 76179

3 Beds 2 Baths 1,536 sqft Built 1996

$215,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $139.97
  • 4 Days on Market
  • MLS # : 14491660
  • Updated Date : 01/01/2021 at 22:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,536 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

This Cozy 3-2-2 Located Just Minutes from Eagle Mountain Lake Would Make the Perfect Starter Home. Manicured Landscaping and Storm Door Add to the Curb Appeal. Spacious Front Living Area Features Raised Ceilings & Wood-Burning Brick Fireplace. Beautiful Laminate Flooring Found in Common Areas & Master Bedroom. Open Flow Layout Allows You to Entertain with Ease. Kitchen Includes Skylight, White Painted Cabinets and Breakfast Area. Utility Room Offers Cabinets and Extended Storage Space. Master Bedroom Provides Backyard Access. Bring Your Ideas to Build Your Own Backyard Hangout! NEW Roof and HVAC in 2019.

SEE MORE

MARKET HIGHLIGHTS

  • # 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: Marine Creek Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $98k243k

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

Neighborhood: Marine Creek Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Creekview Middle School Middle Regular 801 47 7

Creekview Middle School

  • Education Level: Middle
  • # of students: 801
  • # of teachers: 47
7
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$793
Property Tax -$493
Property Insurance -$116
Property Management Fees -$99
CASH FLOW
$29

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$215,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 12.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$13,744

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,524

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5003$1,5304$1,5505$1,650
$1,650
RENT COMPS ANALYSIS
  • 5549 Northfield Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $1.00
    •  
  • 5901 Stone Meadow Lane Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1988
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.99
    •  
  • 6512 N Chesterfield Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1996
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.00
    •  
  • 5554 Heatherglen Terrace Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1997
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
  • 6428 Longmont Trail Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 1987
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
PROPERTY LISTING DETAILS
Angelo Puma
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14491660
Last Updated: 01/01/2021
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