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

5613 Pope Creek Fort Worth, TX 76126

4 Beds 4 Baths 3,354 sqft Built 2020

$464,395

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $138.46
  • 2 Days on Market
  • MLS # : 14467660
  • Updated Date : 11/07/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,354 sqft
  • Baths : 3 full , 1 half
Listing Agent

Trendmaker Homes Dfw, Llc

Listing Agent's Description

MLS# 14467660 - Built by Trendmaker Homes - February completion! ~ One of the most popular plans, the Scarlett plan is beautifully designed with spacious rooms and an open, flowing layout that is perfect for entertaining or relaxing with family. Upon entry, you will find and elongated foyer with entrances to a private study, additional bedrooms, and Jack and Jill bathroom. Follow the foyer to a large family room with a formal dining room and open kitchen inclusive with center island, stainless steel appliances, corner walk-in pantry, and breakfast nook area. The secluded master suite provides the perfect relaxation spot and includes a spa like master bath and huge walk in closet.

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

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
Benbrook Middle High School Middle Regular 911 59 5
Benbrook Middle High School High Regular 911 59 5

Westpark Elementary School

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

Benbrook Middle High School

  • Education Level: Middle
  • # of students: 911
  • # of teachers: 59
5
GreatSchools Rating

Benbrook Middle High School

  • Education Level: High
  • # of students: 911
  • # of teachers: 59
5
GreatSchools Rating
 

$417,956$510,835$464,395

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$1,713
Property Tax -$1,001
Property Insurance -$221
HOA -$70
Property Management Fees -$99
CASH FLOW
-$34

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$464,395

PROJECTED PRICE

$3,070

PROJECTED RENT

0.66%

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) 3.00%
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$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,065

INVESTMENT

$125,065

Down Payment
$116,099
Rehab Estimate
$2,000
Closing Costs
$6,966

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,713

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,099
Loan Amount $348,296
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$21,284

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,070

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $3,075

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,8503$3,0704$3,200
$3,200
RENT COMPS ANALYSIS
  • 5613 Pope Creek Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,354 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,354 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $3,070
    • $0.92
    •  
  • 5204 Katy Rose Court Fort Worth, TX 1
    • 3 beds 3 baths ∙ 3,096 Sqft ∙ Built 2010 3 beds 3 baths ∙ 3,096 Sqft ∙ Built 2010
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.89
    •  
  • 5148 Concho Valley Trail Fort Worth, TX 2
    • 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 2013
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.92
    •  
  • 10223 Trail Ridge Drive Fort Worth, TX 4
    • 5 beds 4 baths ∙ 3,404 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,404 Sqft ∙ Built 2018
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.94
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Trendmaker Homes Dfw, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467660
Last Updated: 11/07/2020
BESbswy