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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $172.77
- 2 Days on Market
- MLS # : 14511711
- Updated Date : 02/06/2021 at 18:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,431 sqft
- Baths : 3 full
Listing Agent
Peak Results Realty Team
Listing Agent's Description
NEW CONSTRUCTION 2021 - Crimson Home in the highly sought after Pyramid Acres, Benbrook-Fort Worth area. It features a grand double door seven foot wide entry hallway & chandelier leading into the great room with 11 ft ceilings. It boasts custom LED lighting, white quarts countertops, & cabinets throughout. The bonus office or fourth bedroom has a private bathroom and shower. The oversized master closet is what ladies dream about with custom built ins. This home is perfect for entertaining guests or hosting family gatherings. This listing will not last long! Only 20 mins from downtown Fort Worth, and minutes away from fantastic dining and shopping centers galore! We welcome you and your clients home!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76126
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,320 |
| EXPENSES | Loan Payment | -$1,459 |
| Property Tax | -$963 | |
| Property Insurance | -$209 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$409
|
||
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.
$420,000
PROJECTED PRICE
$2,320
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$113,300
LOAN DETAILS
$1,459
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $105,000 |
| Loan Amount | $315,000 |
0.42
YEARS SAVED
$555
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,320
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$3,142
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
5619 Hanna Court Fort Worth, TX 1
- 4 beds 3 baths ∙ 3,142 Sqft ∙ Built 2021 4 beds 3 baths ∙ 3,142 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $2,320
- $0.74
-
12424 Iris Court Fort Worth, TX 2
- 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2020
![property image]()
LEASED 07/07/20- Rent
- Rent Per SQFT
- $2,895
- $1.00
PROPERTY LISTING DETAILS
Peak Results Realty Team
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14511711
Last Updated: 02/06/2021
