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5565 Vaquero Road Fort Worth, TX 76126

3 Beds 2 Baths 2,196 sqft Built 2018

$324,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $147.54
  • 4 Days on Market
  • MLS # : 14524159
  • Updated Date : 03/05/2021 at 07:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,196 sqft
  • Baths : 2 full
Listing Agent

League Real Estate

Listing Agent's Description

You have to see this layout! Master bedroom is split from two other bedrooms which open to second living area. Second living area is perfect for a game room or media room. Large kitchen open to dining room and main living area. This home is located in the established community of Ventana. Ventana's resort-style living matches its cosmopolitan convenience with a beautiful pool, 2,400 square-foot pavilion, outdoor kitchen, acres of open space, and hiking trails. Stainless refrigerator, shelves in garage, and master bedroom furniture will convey with strong offer.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Zip Code: 76126

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $104k476k

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

Zip Code: 76126

ZipNIR 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
Westpark Elementary School Primary Regular 484 25 8
Western Hills High School High Regular 1,236 94 3

Westpark Elementary School

  • Education Level: Primary
  • # of students: 484
  • # of teachers: 25
8
GreatSchools Rating

Western Hills High School

  • Education Level: High
  • # of students: 1,236
  • # of teachers: 94
3
GreatSchools Rating
 

$291,600$356,400$324,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,125
Property Tax -$743
Property Insurance -$154
HOA -$70
Property Management Fees -$99
CASH FLOW
-$231

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.

$324,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.6%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$91,610

INVESTMENT

$91,610

Down Payment
$81,000
Rehab Estimate
$5,750
Closing Costs
$4,860

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,000
Loan Amount $243,000
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,724

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,229

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,960
1$1,9602$1,9953$2,1904$2,1905$2,500
$2,500
RENT COMPS ANALYSIS
  • 5565 Vaquero Road Fort Worth, TX 1
    • 3 beds 2 baths ∙ 2,196 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,196 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.89
    •  
  • 10613 Whitestone Ranch Road Benbrook, TX 2
    • 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 2002
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.94
    •  
  • 5524 Vaquero Road Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,122 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,122 Sqft ∙ Built 2020
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.03
    •  
  • 5568 Vaquero Road Fort Worth, TX 4
    • 3 beds 3 baths ∙ 2,122 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,122 Sqft ∙ Built 2020
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.03
    •  
  • 5504 Annie Creek Road Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 2017
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.06
    •  
PROPERTY LISTING DETAILS
Corey Bearden
League Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14524159
Last Updated: 03/05/2021
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