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

5700 Diamond Valley Drive Fort Worth, TX 76179

5 Beds 4 Baths 3,817 sqft Built 2011

$449,900

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $117.87
  • 3 Days on Market
  • MLS # : 14521293
  • Updated Date : 02/26/2021 at 23:44
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,817 sqft
  • Baths : 4 full
Listing Agent

Jbre Group

Listing Agent's Description

SPOTLESS, ELEGANT and FULLY UPDATED 5 bed 4 bath corner lot home in the quiet and highly sought-after Marine Creek Ranch! Interior features include fresh designer paint, great natural lighting, tall custom ceilings, spacious kitchen with tons of gorgeous cabinetry, granite counters, island, stainless steel appliances, and butler’s pantry with custom barn-style doors. Large master suite boasts dual sinks in bath, separate glass shower enclosure, garden tub, and a large walk-in closet. Exterior highlights include a stunning cedar patio with ceiling fans and lights, lovely landscaping, and a fully fenced backyard that's perfect for entertaining! Save $$$ with solar panel lease that conveys to buyer!

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: Marine Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k269k

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

Neighborhood: Marine Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9191828

* 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
Ed Willkie Middle School Middle Regular 862 53 5
Chisholm Trail High School High Unknown NA
Ed Willkie Middle School Middle Unknown NA

Ed Willkie Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 53
5
GreatSchools Rating

Chisholm Trail High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Ed Willkie Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,563
Property Tax -$1,031
Property Insurance -$248
HOA -$30
Property Management Fees -$99
CASH FLOW
-$571

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.

$449,900

PROJECTED PRICE

$2,400

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.6%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$32

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $2,087

    COMP ESTIMATED VALUE
  • $0.55

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8753$2,3954$2,400
$2,400
RENT COMPS ANALYSIS
  • 5700 Diamond Valley Drive Fort Worth, TX 4
    • 5 beds 4 baths ∙ 3,817 Sqft ∙ Built 2011 5 beds 4 baths ∙ 3,817 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.63
    •  
  • 5129 Weather Rock Lane Fort Worth, TX 1
    • 5 beds 4 baths ∙ 3,759 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,759 Sqft ∙ Built 2004
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.49
    •  
  • 6205 Winnebago Court Fort Worth, TX 2
    • 4 beds 3 baths ∙ 3,535 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,535 Sqft ∙ Built 2005
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.53
    •  
  • 6204 El Capitan Street Fort Worth, TX 3
    • 5 beds 4 baths ∙ 3,873 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,873 Sqft ∙ Built 2013
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.62
    •  
PROPERTY LISTING DETAILS
Roheena Mehvesh
Jbre Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14521293
Last Updated: 02/26/2021
BESbswy