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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $107.53
- 2 Days on Market
- MLS # : 14485383
- Updated Date : 12/12/2020 at 20:36
CONSTRUCTION
- Beds : 3
- Floor Size : 2,324 sqft
- Baths : 2 full , 1 half
Listing Agent
Century 21 Alliance Properties
Listing Agent's Description
Pleasing Neutral décor and move-in ready condition, Leaded glass front door with Texas star gives invitation to front formal living and dining room with half bath, Open, Cheerful south facing kitchen, breakfast area and family room offers exquisite, custom brick and stone, wood burning fireplace, Kitchen has spacious counters and numerous cabinets plus extra storage in the adjacent utility room. All bedrooms and large game room upstairs. Spacious secondary bedrooms. Master suite with walk-in closet and space for a sitting area, Big back yard with open patio. Walk to school-very close proximity to Lake Pointe Elementary and Boswell High School.
SEE MORE
- . 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: The Parks at Boat Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Parks at Boat Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$573 | |
| Property Insurance | -$162 | |
| HOA | -$51 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$36
|
||
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.
$249,900
PROJECTED PRICE
$1,770
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$71,974
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,475 |
| Loan Amount | $187,425 |
3.58
YEARS SAVED
$9,566
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,778
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
5613 Talons Crest Circle Fort Worth, TX 4
- 3 beds 3 baths ∙ 2,324 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,324 Sqft ∙ Built 2009
- Rent
- Rent Per SQFT
- $1,770
- $0.76
-
8641 Hawkview Drive Fort Worth, TX 1
- 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 2007
LEASED 12/13/19- Rent
- Rent Per SQFT
- $1,695
- $0.77
-
4724 Blue Top Drive Fort Worth, TX 2
- 3 beds 3 baths ∙ 2,246 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,246 Sqft ∙ Built 2008
LEASED 05/07/20- Rent
- Rent Per SQFT
- $1,695
- $0.75
-
8672 Hawkview Drive Fort Worth, TX 3
- 3 beds 3 baths ∙ 2,260 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,260 Sqft ∙ Built 2008
LEASED 10/19/20- Rent
- Rent Per SQFT
- $1,750
- $0.77
-
5829 Mount Plymouth Point Fort Worth, TX 5
- 3 beds 3 baths ∙ 2,338 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,338 Sqft ∙ Built 2007
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,795
- $0.77
PROPERTY LISTING DETAILS
Century 21 Alliance Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14485383
Last Updated: 12/12/2020
