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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $169.16
- 2 Days on Market
- MLS # : 14519943
- Updated Date : 02/20/2021 at 18:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,843 sqft
- Baths : 2 full
Listing Agent
Imp Realty
Listing Agent's Description
MLS# 14519943 - Built by Impression Homes - February completion! ~ Beautiful Impression Homes Chester plan 3-2-2 with brick elevation in Marine Creek Ranch! This home has an open-concept design that is great for entertaining! This one-story floor plan features a California kitchen with huge island and large walk-in pantry. The private owner’s suite offers a Texas-sized walk-in closet, garden tub and separate shower. Also features two linen closets, walk-in closets in all secondary bedrooms and covered patio for those Texas summer BBQs. This home also includes our Living Smarter home automation package! This home wont last long so call today to set up an appointment!
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
Neighborhood: Marine Creek Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Marine Creek Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$1,083 |
| Property Tax | -$758 | |
| Property Insurance | -$134 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$397
|
||
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.
$311,759
PROJECTED PRICE
$1,710
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
$84,616
LOAN DETAILS
$1,083
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,940 |
| Loan Amount | $233,819 |
0.08
YEARS SAVED
$34
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,746
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
5661 Surry Mountain Trail Fort Worth, TX 4
- 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,710
- $0.93
-
6304 Provinces Street Fort Worth, TX 1
- 4 beds 2 baths ∙ 1,894 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,894 Sqft ∙ Built 2014
LEASED 03/18/20- Rent
- Rent Per SQFT
- $1,649
- $0.87
-
5617 Spirit Lake Drive Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 2013
LEASED 03/10/20- Rent
- Rent Per SQFT
- $1,695
- $0.98
-
5417 Shady Springs Trail Fort Worth, TX 3
- 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 2014
LEASED 07/21/20- Rent
- Rent Per SQFT
- $1,695
- $0.98
-
6317 Britannic Street Fort Worth, TX 5
- 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2019
LEASED 04/04/20- Rent
- Rent Per SQFT
- $1,745
- $0.96
PROPERTY LISTING DETAILS
Imp Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519943
Last Updated: 02/20/2021
