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5613 Talons Crest Circle Fort Worth, TX 76179

3 Beds 3 Baths 2,324 sqft Built 2009

$249,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
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

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: The Parks at Boat Club

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: The Parks at Boat Club

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
Lake Pointe Elementary School Primary Regular 664 35 8
Wayside Middle School Middle Regular 943 52 6
Boswell High School High Regular 1,605 106 7

Lake Pointe Elementary School

  • Education Level: Primary
  • # of students: 664
  • # of teachers: 35
8
GreatSchools Rating

Wayside Middle School

  • Education Level: Middle
  • # of students: 943
  • # of teachers: 52
6
GreatSchools Rating

Boswell High School

  • Education Level: High
  • # of students: 1,605
  • # of teachers: 106
7
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

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
$1,695
1$1,6952$1,6953$1,7504$1,7705$1,795
$1,795
RENT COMPS ANALYSIS
  • 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
Kathleen Wheeler
Century 21 Alliance Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485383
Last Updated: 12/12/2020
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