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5633 Barco Road Fort Worth, TX 76126

4 Beds 3 Baths 2,465 sqft Built 2020

INVESTimate

$329,400

List Price

$2,480

$2,232 - $2,728

Rent Est.

$347,748  ( +5.57%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Built In 2020
  • Price/Sqft : $133.63
  • 9 Days on Market
  • MLS # : 14415289
  • Updated Date : 08/23/2020 at 12:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,465 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mcelroy Team Realty

Listing Agent's Description

Trophy Signature Homes offers the RyderC plan in Ventana. A home builder where the model finishes out is standard! Full spray foam encapsulation, two-stage HVAC, wood floors, subway tiles, cathedral ceilings, horizontal fireplace, LED lighting, covered patio, and many other incredible features are standard. The Ventana Master-Planned Community has a resort-style pool, 2400 SF pavilion, grilling areas, play space, and trails. Downtown Fort Worth, Benbrook Lake, the cultural district, and TCU are all just minutes away. Find Ventana just one mile south of Interstate 20 along the west side of FM 2871.

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$296,460$362,340$329,400

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,215
Property Tax -$744
Property Insurance -$170
HOA -$70
Property Management Fees -$99
CASH FLOW
$182

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.

$329,400

PROJECTED PRICE

$2,480

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.57%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,291

INVESTMENT

$89,291

Down Payment
$82,350
Rehab Estimate
$2,000
Closing Costs
$4,941

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,350
Loan Amount $247,050
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$35,975

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,539

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,480
$2,480
RENT COMPS ANALYSIS
  • 5633 Barco Road Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.01
    •  
  • 8219 Crowe Lane Fort Worth, TX 1
    • 5 beds 2 baths ∙ 2,333 Sqft ∙ Built 2019 5 beds 2 baths ∙ 2,333 Sqft ∙ Built 2019
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.03
    •  
PROPERTY LISTING DETAILS
Danny Mcelroy
Mcelroy Team Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415289
Last Updated: 08/23/2020
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